Multifamily Development Land

Vacant Land for Sale
Sale Pending/Contingent
Catylist Listing ID: 30137682
Property Subtypes: Multi-Family, Office, Retail, Other
Status: Pending/Contingent
Gross Land Area: 0.44 Acres
Sale Price: $475,000
Unit Price: $1,079,545 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 1/26/2018

Overview / Comments

Popular Lane

This is a rare opportunity to acquire a tract in the heart of Gatlinburg in fee simple. This 19,166 square foot site formerly held an eight-unit apartment building and, if a new owner elects to rebuild similar, there is a two-year window from November, 2016, to rebuild an ”existing nonconforming” use on the former model. Otherwise the current zoning regulations in Gatlinburg control use of the property.

All municipal utilities are to the site. Neighbors include Gatlinburg City offices in the Shilling Center building, Space Needle, Ripley’s Aquarium of the Smokies, Gatlinburg Convention Center and numerous motels, restaurants, gift shops and other tourist attractions.

Attachments & Media

Additional Details

Nearest MSA: Sevierville
County: Sevier
Taxing Authority: Sevier County
Tax ID/APN: 424NG011.00
Zoning: R-2
Property Visibility: Good
Largest Nearby Street: Popular Ln
Feet of Frontage: 203
Lot Frontage: 203
Zoning Description: R-2
Available Utilities: Electric, Water, Cable, Internet Access
Water Service: Municipal
Sewer Type: Municipal

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,673 1,941 10,760
Median Age: 38.79 41.64 45.11
Households: 706 841 4,469
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