1134-1138 Wears Valley Road
Land | 6.95 acres
Marketing description
This combined commercial and residential-zoned 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. The two parcels that front Wears Valley Road are commercially zoned (C-6) with a combined acreage of 1.55 acres and each is improved with a residential building (one built in 1961 and one built in 1975).
The two back parcels total approximately 5.40 acres and are mostly zoned R-2 for high density residential development. Access to the R-2-zoned 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, and 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.
Investment highlights
- High average daily traffic count
- Outstanding visibility and access
- All municipal utilities are available
- Two front lots zoned C-6 Mixed-Use Commercial with level to rolling topography
- Back 5.24-acre tract zoned R-2 High Density Residential with rolling topography
- Approximately 160 front feet on US Highway 321 (Wears Valley Road)
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