700 Markhill Drive Sevierville, TN $ 5,900,000
700 Markhill Drive
$ 5,900,000
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700 Markhill Drive

Sevierville, TN, 37862
$ 5,900,000
Baths0.0

Monthly Estimate*

$ 41,213

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Studio

Commercial Property for sale in Sevierville, TN

for $5,900,000. This building was built in 1984 on a lot size of 13.98.

Finding 14 acres - fee simple - with more than 1,600' of river frontage minutes from I-40, downtown Sevierville, Dollywood / Splash Country, Pigeon Forge and all the other Sevier County area attractions is almost unthinkable - until now. This amazing property for sale - 14 acres - is located in an incredible location just 200' off the Parkway in Sevierville. The property is the current home of Mountain Brook Village Senior Independent Living facility - a campus featuring 25 single-story, wood-frame structures totaling 109,061 sf. The facility offers 145 units located in 24 different structures, one of which is a 26,277 sf main building that includes a commercial grade kitchen, dining room an activity room as well as 1,600 sf storage building. There are nine living structures containing 2,960 sf and 14 containing 3,896 sf. The development includes concrete sidewalks, patios and pads, fencing, exterior lighting, signage and professional landscaping. The property lends itself to a host of redevelopment opportunities. Uses permitted in the HDR zoning district allow for multi-family, single family, two family, nursing home, mobile home park, short-term rental as well as some government, professional and educational uses.

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Commercial Pending

Price

$ 5,900,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 42,203

Style

Multi Family

Lot Size

13.98

Year Built

1984

Town/City

Sevierville

County/Region

Sevier

MLS | Web ID

701465

Features
General
Heating Central
Cooling Ceiling Fan(s) Central Air Wall/Window Unit(s)
County Sevier
Business Type Residential
Property Type D
Tax Year 2022
Occupant Type Call Agent
Status Pending
Auction Y/N No
Sub Type Multi Family
Year Built 1984
Directions From Downtown Seviervillle at the corner of Dolly Parton Parkway (Hwy 66) and the Parkway (Hwy 448) travel south on Parkway for 3/4 mile (crossing the Little Pigeon River). Turn left onto Scenic and
City Sevierville
Street Name Markhill
Coming Soon Finding 14 acres - fee simple - with more than 1 600' of river frontage minutes from I-40 downtown Sevierville Dollywood / Splash Country Pigeon Forge and all the other Sevier County area attractions
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* Excluded Features
List By
Furrow Strickland Real Estate Services

Broker

rob@furrow.com

Email

Affordability Calculator

$44,730
Per Month
92%
8%
0%
Monthly Principal & Interest
$41,213
Monthly Property Taxes
$3,517
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
2484365 Elementary School
2484217 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
10/4/2023$5,900,000 Listed Price

Map


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700 Markhill Drive, Sevierville, TN, 37862 is a Commercial Property for sale at $5,900,000 with a lot size of 13.98. 700 Markhill Drive is a studio with 0.0 baths and was built in 1984. The property's zip code is 37862 which is in Sevierville, TN