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    639 Parkway Sevierville, TN 37862

    Sponsored
    For Lease
    $27 SF/Yr

    Sevierville Retail Center: High Traffic, Prime Location

    Lot size:
    154,735 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    River Place Shopping Center, located at 639 Parkway in Sevierville, Tennessee, presents a unique opportunity for businesses seeking high-visibility retail space. This 154,735 square foot center, built in 1983, boasts five suites with 15,525 square feet currently vacant. Spaces range from a minimum of 1,200 square feet to a maximum contiguous space of 6,708 square feet, offering flexibility for various business needs. Situated on a major thoroughfare in Sevier County, the center benefits from over 40,000 cars passing daily, providing exceptional exposure to a large customer base. The location's proximity to Dollywood, the Great Smoky Mountains National Park, and other popular attractions ensures a constant flow of tourist traffic, complementing the strong local clientele. River Place Shopping Center is professionally managed and enjoys a strong sales performance, anchored by national brands such as Belk, TJ Maxx, Dollar Tree, Maurices, Pet Sense, and Game Stop. This prime location offers a blend of tourist and local traffic, making it an ideal choice for businesses seeking a thriving retail environment in a high-traffic area. The center's established reputation and strong tenant mix provide a supportive environment for new businesses to flourish. This is a rare opportunity to secure a space in a well-established, high-performing retail center in a prime Sevierville location. The zip code is 37862.

    Property Features for 639 Parkway

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    154,735 SF
    Total Rate
    348153.75

    Building Details

    Year Built
    1983

    Unit(s) available at that property

    Space
    645 Parkway
    Size
    3,400 SF
    Rate per SF
    $27
    Space
    Suite 4
    Size
    1,417 SF
    Rate per SF
    $27
    Space
    611 Parkway
    Size
    6,708 SF
    Rate per SF
    $27
    Space
    637
    Size
    2,800 SF
    Rate per SF
    $27
    Space
    639 Parkway Space Available
    Size
    1,200 SF
    Rate per SF
    $27

    HighLights

    • National reach.
    • Strong national tenant base.
    • Professionally managed with experienced leasing team.
    • High visibility from major parkway.
    • Competitive lease rates with proven high sales.
    • Extensive national brand recognition.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Sevierville
    County
    Sevier
    State
    Tennessee
    Longitude
    -83.570269
    Latitude
    35.858951

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    FAQs

    What type of property is this?
    Retail property - Sevierville Retail Center: High Traffic, Prime Location
    Where is this retail property located?
    The property is located at 639 Parkway Sevierville, TN.
    What is the lease rate?
    The lease rate is $27 SF/Yr.
    What are key features of this property?
    This property features: National reach.; Strong national tenant base.; Professionally managed with experienced leasing team.
    Request Owner's contact information
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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
    639 Parkway Sevierville, TN 37862
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