1191 Wears Valley Road, Pigeon Forge, TN 37863

$36,000
List Price
$36,000
Price Change
▼ $144,000 1614048942
Status
ACTIVE
MLS#
230578
Days on Market
144
Acres
1.05
Subdivision
N/A

Property Description

Property fronts on busy 4-lane Hwy. 321-S. (Wears Valley Road) in City of Pigeon Forge and is Zoned C-6, allowing for a multitude of uses. (See Zoning in Associated Docs.) Initial Ground Lease is for 5-Years with CPI adjustments annually and options to renew in 5-Year Increments (negotiable). Lease will be for one acre and can be expanded up to two acres with adjustment in lease amount. (Initial offer is 1.05 Acres, M/L (Map 093, Parcel 127.00, SI 002), starting at $3,000 per month ($36,000 First Year), with a five-Year Lease, and at beginning of Year Two, Cost of Living Increases annually based upon the Social Security CPI. Also offered are options for additional Five-Year Terms, to be negotiated according to Tenants needs and owner/landlords approval.) Any use must comply with Zoning and City Regulations. High traffic volume consists of both permanent and seasonal guests of the Great Smoky Mountain area. Trolley stop is VERY close. Convenient location to business in town, tourist attractions, shopping and more. TDOT reflects average daily traffic count (2018) of 29,153 in that 3-mile corridor from the Parkway (U.S. 441) out to City Limits of Pigeon Forge at intersection of Waldens Creek Rd. Utility water, sewer, natural gas, electric . . . all City services available.(NOTE: PRICE REFLECTS 1 Year of a 5 Year lease, options available.)

Additional Information

Annual Tax
988.8
Tax Year
2019

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Listing courtesy of RE/MAX Adventure Realty.

Equal Housing Opportunity. All information contained herein deemed reliable but not guaranteed. Buyers should personally verify all information. All content Copyright 1998-2021 Great Smoky Mountains Association of Realtors. All rights reserved. Last updated .