1134-1138 Wears Valley Road, Pigeon Forge, TN 37863

$1,990,000
Property Type: Commercial Sale Square Footage: 4,394 Lot Size (sq. ft.): 302,742 Status: Active
Current Price: $1,990,000 List Date: 8/01/2024 Last Modified: 8/20/2025

Description

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.

More Information MLS# 302316

Location, Tax, and Legal

City/County: City Restrictive Covenants YN: Yes Zoning: C6; R2 Zoning Entity: Pigeon Forge Parcel Number: 093 133.00, 140.00, 145.00, 146.00 Tax Lot: 0000 Tax Annual Amount: 2367.44 Tax Year: 2023 City Tax: 237.72 County Tax: 2129.72

Contract Information

Auction YN: No Owner Name: Virginia Marsh Listing Agreement: Exclusive Right To Sell Occupant Type: Tenant Association YN: No Current Price: $1,990,000 Original List Price: 1990000 List Price: $1,990,000 Status: Active Listing Contract Date: 2024-08-01

General Property Information

Number Of Buildings: 2 Stories Total: 1 Lot Size Acres: 6.95 Lot Size Source: Survey Building Area Source: Public Records Parking Total: 0 Bonus Room YN: No Sign On Property YN: Yes Construction Type: Site Built Waterfront YN: No List Price/SqFt: 452.89 Living Area: 4394 Year Built: 1961

Remarks and Miscellaneous

Public Remarks: 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. 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.

Status Change Information

Status Change Timestamp: 2024-08-01 Major Change Timestamp: 2024-08-01T17:27:32Z Major Change Type: New Listing

Currently Not Used

Book/Page/Doc #: 336/167

Documents

Lead Based Paint: 1

Documents Available

Aerial Photo: 1 Lead Based Paint: 1 Survey: 1

Frontage Type

Frontage Length: 160 Other: 1

Levels

One: 1

Listing Terms

Cash: 1 Conventional: 1 Fee Simple Improved: 1

Lock Box Information

Call Listing Office: 1 None: 1

Lot Features

City Lot: 1 Corner Lot: 1

Parking Features

On Site: 1

Possession

Negotiable: 1

Road Frontage Type

City Street: 1 State Road: 1 Road Frontage Length: 160

Utilities

Electricity Available: 1

Possible Use

Commercial: 1 Development: 1 Investment: 1 Medical/Dental: 1 Mixed Use: 1 Multi-Family: 1 Office: 1 Retail: 1

Showing Considerations

Occupied: 1

Showing Requirements

Call Listing Agent: 1 Showing Instructions: Listing agent to arrange showings. Do not disturb tenants.

Location Tax and Legal

Street Number: 1134-1138 Street Name: Wears Valley Street Suffix: Road County: Sevier State: TN Zip Code: 37863 Property Sub Type: Mixed Use MLS Area Major: Pigeon Forge Subdivision Name: Other

Property Features

Documents: Lead Based Paint Documents Available: Aerial Photo; Lead Based Paint; Survey Frontage Type: Other Levels: One Listing Terms: Cash; Conventional; Fee Simple Improved Lock Box Information: Call Listing Office; None Lot Features: City Lot; Corner Lot Parking Features: On Site Possession: Negotiable Possible Use: Commercial; Development; Investment; Medical/Dental; Mixed Use; Multi-Family; Office; Retail Road Frontage Type: City Street; State Road Utilities: Electricity Available Showing Considerations: Occupied Showing Requirements: Call Listing Agent
Listing Office: NAI Koella | RM Moore
Last Updated: August - 20 - 2025
Information deemed reliable but not guaranteed.