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    1134 Wears Valley Rd Pigeon Forge, TN 37863

    For Sale
    $1,990,000

    Combined commercial/residential property on high-traffic Wears Valley Road.

    Lot size:
    6.95 Acres

    Property Features for 1134 Wears Valley Rd

    General Information

    Lot size
    6.95 Acres

    Source: NAI Koella RM Moore - Sevierville Agent David L. Gothard

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Pigeon Forge Redevelopment Opportunity

    This combined commercial and residential property offers a redevelopment opportunity within Pigeon Forge. The property is located on Wears Valley Road, a high traffic 5-lane artery with a median. The combined parcels total 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. Each of these parcels is improved with a residential building, one built in 1961 and the other 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 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, 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.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Nail Salon Building Supply Gym & Fitness Accounting Firm Auto Repair Shop Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Pigeon Forge
    County
    Sevier
    State
    Tennessee
    Longitude
    -83.6039092
    Latitude
    35.7937807

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    FAQs

    What type of property is this?
    Commercial land - Combined commercial/residential property on high-traffic Wears Valley Road.
    Where is this commercial land located?
    The property is located at 1134 Wears Valley Rd Pigeon Forge, TN.
    What is the asking price?
    The asking price for this property is $1,990,000.
    What are key features of this property?
    This property features: - Prime redevelopment opportunity in Pigeon Forge, a major tourist destination.; - High-traffic location on Wears Valley Road, a 5-lane artery with a median.; - Combination of commercial (C-6) and high-density residential (R-2) zoning.
    (865) 607-9536
    Request Owner's contact information
    1134 Wears Valley Rd Pigeon Forge, TN 37863
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1134 Wears Valley Rd Pigeon Forge, TN 37863
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