realty-smokies

2075 Parkway, Pigeon Forge, TN 37863

$3,363,000
Property Type: Commercial Sale Square Footage: 152,459 Lot Size (sq. ft.): 142,877 Status: Closed
Current Price: $3,363,000 List Date: 1/28/2019 Last Modified: 9/12/2024

Overview

Description

This may be one of your last chances to acquire G not to lease G to own G undeveloped acreage actually located directly on the Parkway in Pigeon Forge. Consisting of 3.278 acres, this property is situated on the nose of a gentle right-hand curve in the Parkway. It boasts a 240 foot wide Parkway frontage giving it prominence and excellent visual draw from both directions. The elevated terrace of the land gives it immediate eye-level notice from all passing vehicles. Located at a major traffic light intersection gives this property premium access to the Parkway in even the most crowded of traffic conditions. Already equipped with a dedicated left-turn signal for southbound travelers as well as traffic control signals for Pin Oak View Drive, this intersection also accesses several attractions via Music Road located immediately across the Parkway including Hatfield and McCoys Dinner Theater, Titanic Museum Exhibit, Wonderworks, Hard Rock Caf+, Wonders of Flight, and others. Northbound travelers would turn into this property as a natural right-hand turn. Already zoned and approved for dozens of types of commercial businesses, the location of this property would lend prominence and notoriety to any business located upon it. A list of approved business types can be provided as well as a survey plat upon request. City water and sewer, natural gas, and 3-phase electric are all available. This is a gold-mine of a property just waiting to begin producing. Pigeon Forge is located within one-days drive of two-thirds of the US population east of the Mississippi. Our department of tourism reports $65 spent by tourists for every $1 spent on advertising.* Located adjacent to the Great Smoky Mountains National Park, 2015 saw a record 10,712,674 visitors go through the park, making it the nations #1 most visited National Park, ranking the Grand Canyon at #2 with half as many annual visitors. 2017 was the 2nd consecutive year that over 10 million tourists visited the park.*

Listing Details MLS# 220454

General Property Information

Lot Size Dimensions
230/746/270/535
Lot Size Acres
3.28
Living Area
152459
Year Built
1930
Bonus Room YN
No
Sign On Property YN
Yes
List Price/SqFt
24.24
Sold Price/SqFt
22.06
Number Of Buildings
0
Business Name
No
Number of Bonus Rooms
0

Property Features

Listing Terms: 1031 Exchange; Cash; Conventional; Fee Simple Unimproved Possession: Close Of Escrow; Other Possible Use: Medical/Dental; Multi-Family; Office; Recreational; Retail; Other Road Frontage Type: City Street; Highway Road Surface Type: Paved Utilities: Cable Available; Electricity Connected; Natural Gas Connected; Phone Available; Sewer Connected; Water Connected Showing Requirements: Show Any Time

Location Tax and Legal

Street Number
2075
Street Name
Parkway
County
Sevier
State
TN
Zip Code
37863
Property Sub Type
Unimproved Land
MLS Area Major
Pigeon Forge
Subdivision Name
Other

Contract Information

Original List Price
3695000
Listing Contract Date
2019-01-28
Owner Name
PGP, LLC
Listing Agreement
Exclusive Right To Sell
Rental History Gross Amount 1
0
Rental History Year 1
0
Rental History Gross Amount 2
0
Rental History Year 2
0
Association Fee
0

Remarks and Miscellaneous

Public Remarks
This may be one of your last chances to acquire G not to lease G to own G undeveloped acreage actually located directly on the Parkway in Pigeon Forge. Consisting of 3.278 acres, this property is situated on the nose of a gentle right-hand curve in the Parkway. It boasts a 240 foot wide Parkway frontage giving it prominence and excellent visual draw from both directions. The elevated terrace of the land gives it immediate eye-level notice from all passing vehicles. Located at a major traffic light intersection gives this property premium access to the Parkway in even the most crowded of traffic conditions. Already equipped with a dedicated left-turn signal for southbound travelers as well as traffic control signals for Pin Oak View Drive, this intersection also accesses several attractions via Music Road located immediately across the Parkway including Hatfield and McCoys Dinner Theater, Titanic Museum Exhibit, Wonderworks, Hard Rock Caf+, Wonders of Flight, and others. Northbound travelers would turn into this property as a natural right-hand turn. Already zoned and approved for dozens of types of commercial businesses, the location of this property would lend prominence and notoriety to any business located upon it. A list of approved business types can be provided as well as a survey plat upon request. City water and sewer, natural gas, and 3-phase electric are all available. This is a gold-mine of a property just waiting to begin producing. Pigeon Forge is located within one-days drive of two-thirds of the US population east of the Mississippi. Our department of tourism reports $65 spent by tourists for every $1 spent on advertising.* Located adjacent to the Great Smoky Mountains National Park, 2015 saw a record 10,712,674 visitors go through the park, making it the nations #1 most visited National Park, ranking the Grand Canyon at #2 with half as many annual visitors. 2017 was the 2nd consecutive year that over 10 million tourists visited the park.*
Directions
On the Great Smoky Mountains Parkway across from the Hatfields and McCoys Dinner Theater. Property sits on the elevated nose of the gentle curve beside Pin Oak Drive on one corner of the 4-way intersection. Green House is on property at this time. See signs.

Status Change Information

Major Change Timestamp
2022-02-03T10:00:43Z
Major Change Type
Status Change
Status Change Timestamp
2022-02-03
Purchase Contract Date
2021-11-30
Close Date
2022-02-03
Close Price
3363000
Buyer Financing
Conventional

More Information

Currently Not Used

Book/Page/Doc #
561, 202

Showing Requirements

Showing Instructions
Actual Tennessee Dept. Of Transportation traffic counts at this stoplight for 2015 was 46,786 vehicles every 24 hours.** That translated into 17,076,890 vehicles passing this outstanding property every year. In 2017 that count increased to 56,057 per 24 hours. That translates into 20,460,805 (twenty million four hundred sixty thousand) cars passing this point each year. Imagine the possibilities of having that many eyes on your business every year. You cant purchase any other advertising space for a one-time fee that produces those annual numbers consistently. While I cannot tell you how many walk-in customers your business will generate, all I can do is show you the potential to produce a walk-in-to-purchase customer. This property will need some excavation and terracing to maximize potential. The degree to which you develop and use the potential available at this location is up to you, but should be virtually unlimited. You can reach me by telephone at 843-372-0435, or via email at CraigTheSmokiesRealtor
Show Any Time
Yes

Location, Tax, and Legal

Restrictive Covenants YN
No
Zoning
C-2
Zoning Entity
Pigeon Forge
Tax Lot
0000
Tax Annual Amount
536.12
Tax Year
2018

Listing Terms

1031 Exchange
Yes
Cash
Yes
Conventional
Yes
Fee Simple Unimproved
Yes

Possession

Close Of Escrow
Yes
Other
Yes

Road Frontage Type

City Street
Yes
Highway
Yes

Road Surface Type

Paved
Yes

Utilities

Cable Available
Yes
Electricity Connected
Yes
Natural Gas Connected
Yes
Phone Available
Yes
Sewer Connected
Yes
Water Connected
Yes

Income and Expenses

Maintenance Expense
0

Possible Use

Medical/Dental
Yes
Multi-Family
Yes
Office
Yes
Recreational
Yes
Retail
Yes
Other
Yes
Listing Office: Pristine Realty, INC.
Last Updated: September - 12 - 2024
Information deemed reliable but not guaranteed.