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    135 Wears Valley Rd Pigeon Forge, TN 37863

    Sponsored
    For Lease
    $20 SF/Yr

    Prime Pigeon Forge Shopping Center, 7,000 SF Available

    Lot size:
    98,342 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional retail opportunity in Pigeon Forge, Tennessee, presents 98,342 square feet of prime shopping center space at 135 E Wears Valley Rd, zip code 37863. The property boasts a multi-tenant configuration with two suites currently available, offering a minimum divisible space of 2,000 square feet and a maximum contiguous space of 5,000 square feet. A significant 7,000 square feet is currently vacant, presenting a unique chance for expansion or new tenancy. The property features abundant parking to accommodate customers and employees. Located in Sevier County, this center benefits from a tremendous neighborhood density, surrounded by retail, restaurants, outlet malls, hotels, live show theaters, and other tourist attractions. Its proximity to Dollywood theme park (4.2 miles) provides exceptional access to a large consumer base. The property's pricing is positioned 40% below market value, offering increased profit margins. Further enhancing its appeal is its location near the Riverwalk Greenway, a nearly two-mile public walking trail (expanding to four miles), which will generate significant foot traffic. Additional traffic is drawn from Winfield Dunn Parkway and Teaster Lane. This property offers a compelling investment opportunity in a thriving tourist destination.

    Property Features for 135 Wears Valley Rd

    General Information

    Property type
    Lifestyle centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    98,342 SF
    Total Rate
    163903.33

    Unit(s) available at that property

    Space
    Available Space
    Size
    2,000 SF
    Rate per SF
    $20
    Space
    Available Space
    Size
    5,000 SF
    Rate per SF
    $20

    HighLights

    • Prime Pigeon Forge retail location, near major attractions.
    • High traffic count: One block from intersection with 50,356 cars daily.
    • Strong tourism market: 14 million annual visitors.
    • Attractively priced.
    • Desirable tenant mix.
    • Ample parking.
    Property Profile Location Intelligence

    Current Use by Public Records

    Tennessee Bible Museum Museum

    Suggested Use

    Restaurant Realty agency Law Firm Dental Office Building Supply Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Pigeon Forge
    County
    Sevier
    State
    Tennessee
    Longitude
    -83.574654
    Latitude
    35.80703

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    FAQs

    What type of property is this?
    Lifestyle center - Prime Pigeon Forge Shopping Center, 7,000 SF Available
    Where is this lifestyle center located?
    The property is located at 135 Wears Valley Rd Pigeon Forge, TN.
    What is the lease rate?
    The lease rate is $20 SF/Yr.
    What are key features of this property?
    This property features: Prime Pigeon Forge retail location, near major attractions.; High traffic count: One block from intersection with 50,356 cars daily.; Strong tourism market: 14 million annual visitors.
    Request Owner's contact information
    135 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
    135 Wears Valley Rd Pigeon Forge, TN 37863
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