0 Douglas Dam Rd Kodak, TN 37764
This exceptional 15.5-acre property in Kodak, Tennessee, presents a remarkable opportunity for developers and investors. Located in Sevier County on Douglas Dam Road, this unrestricted land boasts 514 feet of road frontage and is ideally suited for a variety of uses, including multifamily, single-family, and affordable housing developments. The property's open layout is complemented by readily available public water and electricity, along with high-speed internet access. Its strategic location offers convenient access to major transportation arteries, with proximity to Highway 66 (0.7 miles), Interstate 40 (3 miles), and various amenities including Bass Pro Shops (3 miles), Walmart (9.4 miles), Dollywood (13.3 miles), Pigeon Forge (13.4 miles), Gatlinburg (20 miles), Douglas Dam (6.5 miles), Knoxville (23.1 miles), and the Great Smoky Mountains National Park (30 miles). A nearby hospital is situated just 9.5 miles away. Utilities are readily accessible, with electricity and water available at the street, and sewer lines located within 100 feet of the property. The property is zoned R-1 and has a Sevier County APN of 078012 00900. The asking price is $1,162,500, translating to $80,645 per acre. Cash sale is preferred. This is a rare opportunity to acquire a substantial parcel of land in a high-growth area with significant development potential.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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Risks
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