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    Old Knoxville Hwy Sevierville, TN 37876

    For Sale
    $3,500,000

    Prime 4.93-acre C-5 zoned lot near Soaky Mountain.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    367
    This exceptional 4.93-acre commercial lot presents a unique investment opportunity in Sevierville, Tennessee. Located on Old Knoxville Highway, this property boasts a highly desirable C-5 zoning designation, opening doors to a wide array of commercial ventures. Its strategic location directly across from the expansive Soaky Mountain Waterpark, a $90 million, 50-acre development, promises significant exposure and potential for high returns. The waterpark's projected 400,000 annual visitors create a substantial customer base within easy reach. The property's proximity to nearly 800 hotel and timeshare rooms within the Wilderness Resort further enhances its appeal. All utilities are available to the rough-graded site, simplifying development and reducing upfront costs. With its ideal location, zoning, and infrastructure, this 4.93-acre parcel represents a compelling investment in a thriving tourism hub. The APN is 078037 05702, and the property is situated in the 37876 zip code. This is a rare chance to acquire a significant commercial land holding in a rapidly growing area with exceptional potential for future development and profitability.

    Property Features for 0 Old Knoxville Hwy

    General Information

    Property type
    Land
    Lot Size
    214,751 SF

    HighLights

    • $3,500,000 asking price.
    • 4.93‑acre land parcel.
    • C‑5 commercial zoning.
    • Located on Old Knoxville Highway, Sevierville, TN 37876.
    • APN: 078037 05702.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Sevierville
    County
    Sevier
    State
    Tennessee
    Longitude
    -83.587145
    Latitude
    35.8969898

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    FAQs

    What type of property is this?
    Land - Prime 4.93-acre C-5 zoned lot near Soaky Mountain.
    Where is this land located?
    The property is located at Old Knoxville Hwy Sevierville, TN.
    What is the asking price?
    The asking price for this property is $3,500,000.
    What are key features of this property?
    This property features: $3,500,000 asking price.; 4.93-acre land parcel.; C-5 commercial zoning.
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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
    Old Knoxville Hwy Sevierville, TN 37876
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