16 Unit Condo Complex in Pigeon Forge
New Build 16 Condo Complex in the Heart of Pigeon Forge
Marketing description
Welcome to 129 Sugarfoot Way, a brand‑new 16‑unit condominium complex strategically located in the
heart of Pigeon Forge, Tennessee—one of the Southeast’s most dynamic tourism and investment
markets. Nestled just minutes from the Parkway, Dollywood, and The Island, this property also
enjoys walkable access to Publix grocery store, the popular Lumberjack Feud Show, a cluster of
shops including the Pigeon Forge Cinema, and the Pigeon Forge Community Center with recreation
facilities and pools. This unbeatable combination of convenience and entertainment offers unmatched
appeal.
Designed with modern efficiency and investor appeal in mind, the complex has never been occupied,
ensuring low deferred maintenance and immediate income potential. Its location in Sevier County—
welcoming over 13 million visitors annually—positions it as a rare opportunity for both short‑term
rental operators and long‑term multifamily investors seeking premium returns.
Unit Breakdown
• 1-Bedroom Units (760 sq. ft.)
Perfect for couples, professionals, or short‑term rental guests seeking affordability and
convenience.
• 2-Bedroom Units (1,065 sq. ft.)
Spacious layouts ideal for small families or extended stays, balancing comfort with strong rental
demand.
• 3-Bedroom Units (1,213 sq. ft.)
Premium units designed for larger families or group rentals, maximizing nightly rates and long‑term
tenant appeal.
This thoughtful mix of unit sizes ensures broad marketability across multiple tenant and guest
demographics.
Investment & ROI Potential
• Pro‑forma ROI: 19.25%
Backed by strong rental demand, premium nightly rates, and minimal operating costs due to new
construction.
• Flexibility of Strategy:
• Operate as a short‑term rental hub to capture tourism dollars.
• Lease as long‑term multifamily units for stable cash flow.
• Pursue a condo conversion strategy, selling units individually at a premium.
• Scarcity Value: With limited new multifamily inventory in Pigeon Forge, this asset stands out as a
rare, high‑yield opportunity.
Negotiable. Not accepting to owner financing.
Investment highlights
Brand New Construction – 16 turnkey units, never occupied, offering immediate appeal and minimal maintenance.
Strong Return Potential – Pro-forma analysis projects a 19.25% ROI, driven by premium rental demand and low deferred maintenance on this brand-new build.
Prime Location – Situated in Pigeon Forge, just minutes from Dollywood, The Island, and the Parkway, ensuring year-round rental demand.
Tourism-Driven Market – Located in Sevier County, which welcomes over 13 million visitors annually, fueling strong short and long-term rental potential.
Investment Flexibility – Ideal for short-term rental operators, long-term multifamily investors, or condo conversion strategies.
Limited Competition – Few new-build multifamily assets in the area, creating scarcity value and positioning this property as a standout opportunity.
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