1134-1138 Wears Valley Road Pigeon Forge, TN $ 1,990,000
1134-1138 Wears Valley Road
$ 1,990,000
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1134-1138 Wears Valley Road

Pigeon Forge, TN, 37863
$ 1,990,000
Bedrooms-- Baths-- Sq 4,394

Monthly Estimate*

$ 12,253

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Commercial Property for sale in Pigeon Forge, TN

for $1,990,000. This 4,394 square foot building was built in 1961 on a lot size of 6.95.

This combined commercial and residential property presents an attractive redevelopment opportunity within the city limits of Pigeon Forge, a primary tourist destination. The property is located on Wears Valley Road, a high traffic 5-lane artery with a median for convenient ingress and egress. The combination of adjoining parcels totals approximately 6.95 acres (093 133.00, 140.00, 145.00, 146.00). The two parcels that front Wears Valley Road are commercially zoned (C-6) with a combined acreage of 1.55 acres, and each parcel is improved with a residential building (one built in 1961 and one built in 1975). The parcels in the back total approximately 5.40 acres and are mostly zoned R-2 for high density residential development. Access to the R-2 parcels will be through the front two C-6 zoned parcels. The property can be an outstanding fit for commercial use in the front, like restaurants and food services, professional services, and retail sales, with cabin and other high density residential development in the back property. The property seems well suited for a commercial retail/office development on the two commercial lots and a log cabin resort on the back high-density residential-zoned tract.

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Commercial Active

Price

$ 1,990,000

Property Type

Commercial

Taxes

$ 2,367

Style

Mixed Use

Lot Size

6.95

Year Built

1961

Town/City

Pigeon Forge

County/Region

Sevier

MLS | Web ID

302316

Features
General
Utilities Electricity Available
Possession Negotiable
Zoning C6; R2
Year Built 1961
Levels One
Property Subtype Mixed Use
Tax Year 2023
County Sevier
Property Type Commercial Sale
HOA N
Subdivision Name Other
Possible Use Commercial Development Investment Medical/Dental Mixed Use Multi-Family Office Retail
Status Active
Directions From the Parkway (US 441) in Pigeon Forge turn at Light #3 onto Wears Valley Road. Go approximately 1.8 miles to property on right.
City Pigeon Forge
MLS Area Pigeon Forge
Lot Size Units Acres
Lot Size Square Feet 302742.0
Carport Y/N N
Land Lease Y/N N
Tax Annual Amount 2367.44
MLS Area Minor Pigeon Forge
Additional Parcels Y/N N
Rent Control Y/N N
Standard Status Active
Occupancy Type Tenant
Tax Lot 0000
Senior Community None
New Construction None
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Exterior
Parking Features On Site
Lot Features City Lot Corner Lot
Total Parking 0.0
Lot Size Area 6.95
Number of Buildings 2
Spa N
Building Area Total 4394.0
Lot Size Acres 6.95
Frontage Type Other
Lot Size Source Survey
Waterfront Y/N N
Road Frontage Type City Street State Road
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Interior
Total Stories 1
Basement (Y/N) N
Total Baths 0
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Internal Only
Street Number 1 11341138
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* Excluded Features
List By
Nai Koella | Rm Moore

Broker

dgothard@koellamoore.com

Email

Affordability Calculator

$12,450
Per Month
98%
2%
0%
Monthly Principal & Interest
$12,253
Monthly Property Taxes
$197
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% 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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Nearby
2009826 Elementary School
2009827 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
8/1/2024$1,990,000 Listed Price

Map


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1134-1138 Wears Valley Road, Pigeon Forge, TN, 37863 is a Commercial Property for sale at $1,990,000 with 4,394 sqft and a lot size of 6.95. 1134-1138 Wears Valley Road was built in 1961. The property's zip code is 37863 which is in Pigeon Forge, TN