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0 Forks Of The River Pkwy Sevierville, TN 37862

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Property summary

AI-generated overview

This exceptional 18.924-acre commercial land parcel in Sevierville, Tennessee (zip code 37862), presents a unique investment opportunity. Located on Forks of the River Parkway, this property boasts 1,521 linear feet of frontage along the West Prong of the Little Pigeon River and the Sevierville City Greenway, offering stunning natural beauty and serene surroundings. The site features two points of ingress and egress on Forks of the River Parkway, ensuring convenient access and traffic flow. Its Arterial Commercial zoning allows for a variety of development options. The property's proximity to the newly redeveloped Downtown Sevierville Commons District, with its diverse selection of restaurants, retail shops, and entertainment venues, is a significant advantage. A short walk from the County Courthouse, this location offers unparalleled convenience and walkability. The breathtaking views of the Great Smoky Mountains further enhance the property's appeal. This premier multifamily/resort site is poised for exceptional growth and offers an unparalleled opportunity to capitalize on Sevierville's thriving tourism and commercial sectors. The sale is for sale by owner and the asking price is $9,500,000.

Property profile

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Property type Land

Cap rate & NOI

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Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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