1154 & 1156 Wears Valley Road, Pigeon Forge, TN 37863

$990,000
Property Type: Commercial Sale Square Footage: 10,769 Lot Size (sq. ft.): 60,984 Status: Closed
Current Price: $990,000 List Date: 3/02/2020 Last Modified: 8/23/2024

Overview

Description

This parcel is located on the north side of Wears Valley Road (US 321) within the city limits of Pigeon Forge. It is located 1.8 miles west of the intersection of Wears Valley Road and the Parkway (US 441). There is 235 feet of highway frontage on Wears Valley Road with ready access. This mixed-use property presents an attractive investment and development opportunity within the city limits of Pigeon Forge, a primary tourist destination. The 1.4-acre parcel is improved with a daycare center on the right hand side, a two-story building with office space on the first floor and an apartment on the second floor on the left hand side, and two connected warehouse units on the back side. The daycare center and the office space are occupied by tenants. The apartment and warehouse are ready for occupation. The property is zoned C-6 and R-2. This property is part of three adjacent listings with a combined acreage of approximately 11 acres. Contact the listing brokers for possibilities to purcha ...

Listing Details MLS# 227197

General Property Information

Number Of Buildings
4
Lot Size Dimensions
235/362//
Lot Size Acres
1.4
Living Area
10769
Business Name
None
Year Built
1982
Bonus Room YN
No
Sign On Property YN
Yes
List Price/SqFt
92.77
Sold Price/SqFt
91.93
Number of Bonus Rooms
0

Property Features

Business Type: Professional/Office; Residential; Warehouse Listing Terms: Cash; Conventional; Fee Simple Improved Parking Features: On Site Possession: Negotiable; Subject To Tenant Rights Possible Use: Multi-Family; Office; Retail; Other Road Frontage Type: City Street Road Surface Type: Paved Utilities: Phone Available; Sewer Connected; Water Connected Showing Requirements: Appointment Only; Call Listing Agent

Location Tax and Legal

Street Number
1154 & 1156
Street Name
Wears Valley
Street Suffix
Road
County
Sevier
State
TN
Zip Code
37863
Property Sub Type
Other
MLS Area Major
Pigeon Forge
Subdivision Name
Other

Contract Information

Original List Price
999000
Listing Contract Date
2020-03-02
Owner Name
Marsh
Listing Agreement
Exclusive Right To Sell
Rental History Gross Amount 1
0
Rental History Year 1
0
Rental History Gross Amount 2
0
Rental History Year 2
0
Association Fee
0

Remarks and Miscellaneous

Public Remarks
This parcel is located on the north side of Wears Valley Road (US 321) within the city limits of Pigeon Forge. It is located 1.8 miles west of the intersection of Wears Valley Road and the Parkway (US 441). There is 235 feet of highway frontage on Wears Valley Road with ready access. This mixed-use property presents an attractive investment and development opportunity within the city limits of Pigeon Forge, a primary tourist destination. The 1.4-acre parcel is improved with a daycare center on the right hand side, a two-story building with office space on the first floor and an apartment on the second floor on the left hand side, and two connected warehouse units on the back side. The daycare center and the office space are occupied by tenants. The apartment and warehouse are ready for occupation. The property is zoned C-6 and R-2. This property is part of three adjacent listings with a combined acreage of approximately 11 acres. Contact the listing brokers for possibilities to purchase a combination of these properties.
Directions
From the Parkway (US 441) in Pigeon Forge, turn at Light #3 onto Wears Valley. Go 1.8 miles to property on Right at corner of Wears Valley Road and Chapel Way.

Status Change Information

Major Change Timestamp
2021-05-12T05:39:07Z
Major Change Type
Status Change
Status Change Timestamp
2021-05-12
Purchase Contract Date
2021-03-31
Close Date
2021-05-12
Close Price
990000
Buyer Financing
Conventional

More Information

Currently Not Used

Book/Page/Doc #
5176, 624

Showing Requirements

Showing Instructions
Agents: Please do not disturb business operations. Contact listing agent to arrange showings.
Appointment Only
Yes
Call Listing Agent
Yes

Location, Tax, and Legal

Restrictive Covenants YN
Yes
Zoning
C-6
Zoning Entity
Pigeon Forge
Tax Lot
00
Tax Annual Amount
1413
Tax Year
2019

Listing Terms

Cash
Yes
Conventional
Yes
Fee Simple Improved
Yes

Parking Features

On Site
Yes

Possession

Negotiable
Yes
Subject To Tenant Rights
Yes

Road Frontage Type

City Street
Yes

Road Surface Type

Paved
Yes

Utilities

Phone Available
Yes
Sewer Connected
Yes
Water Connected
Yes

Income and Expenses

Maintenance Expense
0

Possible Use

Multi-Family
Yes
Office
Yes
Retail
Yes
Other
Yes

Business Type

Professional/Office
Yes
Residential
Yes
Warehouse
Yes
Listing Office: NAI Koella | RM Moore
Last Updated: August - 23 - 2024
Information deemed reliable but not guaranteed.