2575 Parkway Pigeon Forge, TN 37863
- Retail properties
- 6.36 lot acres
Current Use by Public Records
- The Track - Pigeon Forge / Amusement Center / Go-Kart Track
- Fat Daddy's Arcade / Amusement Center
Property Details for 2575 Parkway
- Lot size
- 6.36 lot acres
- Property type
- Retail properties
- Property subtype
- Land
Description
This exceptional 6.36-acre commercial property presents a rare investment opportunity in the heart of Pigeon Forge, Tennessee's thriving tourist district. Situated at the highly visible northeast corner of Parkway (US 441) and East Wears Valley Road, this level lot boasts 975 feet of frontage on the Parkway and 930 feet on the West Prong of Little Pigeon River. The property benefits from a 50,356 average daily traffic count (per TDOT), ensuring maximum exposure for any development. All municipal utilities are readily available. A new survey was completed in 2018. The location is adjacent to The Riverwalk Greenway, providing convenient pedestrian access to The Island and the LeConte Convention Center. Currently occupied by The Track, a popular amusement venue, under a ground lease expiring January 1, 2027, this site offers significant potential for various commercial ventures. The surrounding area is densely populated with retail, restaurants, outlet malls, hotels, live show theaters, and other tourist attractions, including Dollywood, just 4.2 miles away. Pigeon Forge's robust economy, with over $1.298 billion in gross revenue in 2017 and $1.402 billion (through October) in 2018, underscores the exceptional growth potential of this prime location. Sevier County's sales exceeded $4 billion in 2019. This highly constrained land supply in a high-growth tourism market makes this a truly unique acquisition opportunity.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Pigeon Forge
- County
- Sevier
- State
- Tennessee
- Longitude
- -83.576
- Latitude
- 35.8061
