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    4941 Hooper Hwy Cosby, TN 37722

    For Sale
    $720,000

    Prime 2-acre commercial lot near Smoky Mountains.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    366
    This exceptional 2.17-acre commercial land parcel presents a unique investment opportunity in Cosby, Tennessee. Ideally situated on Highway 321 (Hooper Highway), this property boasts 132 feet of highway frontage and an additional 318 feet of frontage on Ledford Road, ensuring high visibility and accessibility. The location offers unparalleled convenience, just 10 minutes from Cosby and 12 minutes from the Greenbriar entrance to the Great Smoky Mountains National Park. Benefit from the high daily traffic count of over 5,000 vehicles on Highway 321, attracting a substantial customer base. Currently equipped with eight RV sites featuring full hookups, a two-stall bathhouse, and a laundry room, this property is ready for immediate income generation or redevelopment. A 1000-gallon septic tank and public water are already in place. The property is conveniently located 25 minutes from downtown Gatlinburg and 40 minutes from Dollywood, providing easy access to major tourist attractions. The area has a significant demand for additional food and beverage establishments, retail outlets, and hardware stores catering to the thriving tourism industry. Note that existing sheds, canopies, personal property, and a storage container will be removed prior to closing unless otherwise negotiated. This property offers immense potential for a variety of commercial ventures.

    Property Features for 4941 Hooper Hwy

    General Information

    Property type
    Land
    Lot Size
    94,525 SF

    HighLights

    • 2.17‑acre commercial land parcel in Cosby, TN.
    • High visibility with 132' of Highway 321 frontage and 318' of Ledford Road frontage.
    • Excellent location: 10 minutes from Cosby, 12 minutes from Great Smoky Mountains National Park.
    • High daily traffic count (5,000+ vehicles on Hwy 321).
    • Currently features 8 RV sites with full hookups, bathhouse, and laundry; ready for immediate income.
    • Existing infrastructure includes a 1000‑gallon septic tank and public water.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Hotel & Motel Food Market Convenience Store Daycare Center Bed & Breakfast Travel Agency

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

    Location Insight

    • Map
    • Local Demand
    City
    Cosby
    County
    Cocke
    State
    Tennessee
    Longitude
    -83.26741
    Latitude
    35.772881

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    FAQs

    What type of property is this?
    Land - Prime 2-acre commercial lot near Smoky Mountains.
    Where is this land located?
    The property is located at 4941 Hooper Hwy Cosby, TN.
    What is the asking price?
    The asking price for this property is $720,000.
    What are key features of this property?
    This property features: 2.17-acre commercial land parcel in Cosby, TN.; High visibility with 132' of Highway 321 frontage and 318' of Ledford Road frontage.; Excellent location: 10 minutes from Cosby, 12 minutes from Great Smoky Mountains National Park.
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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
    4941 Hooper Hwy Cosby, TN 37722
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