Property summary
This exceptional 5.08-acre commercial land parcel in Kodak, Tennessee, presents a unique investment opportunity. Located in Sevier County's C-5 Tourist Commercial zoning district, this property boasts excellent visibility and road frontage along Bass Pro Drive, near I-40 Exit 407. Existing site plans from 2006 detail a potential development including a 4-story, 80-room hotel, a 3-story, 60-room hotel, a 208-seat restaurant, and ample parking for 203 vehicles. All municipal utilities are readily available. The property benefits from its location within a Sevier County Opportunity Zone, leveraging the Tax Cuts and Jobs Act of 2017 incentives. This prime location enjoys high traffic counts, with I-40 averaging 72,103 vehicles daily and Winfield Dunn Parkway averaging 36,107. The area's proximity to Great Smoky Mountains National Park and its 15 million annual visitors ensures a robust tourism base. The asking price is below both the tax appraised value and the 2006 acquisition price, making this a compelling investment prospect. The rolling topography and nearby amenities, including Bass Pro Shops, restaurants, and other retail establishments, further enhance its appeal. APN: 008 029.01.
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