Property profile

0 Old Knoxville Hwy Sevierville, TN 37876

OFF-MARKET
Land
4.93 ac lot
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Property summary

AI-generated overview

This exceptional 4.93-acre commercial lot presents a unique investment opportunity in Sevierville, Tennessee. Located on Old Knoxville Highway, this property boasts a highly desirable C-5 zoning designation, opening doors to a wide array of commercial ventures. Its strategic location directly across from the expansive Soaky Mountain Waterpark, a $90 million, 50-acre development, promises significant exposure and potential for high returns. The waterpark's projected 400,000 annual visitors create a substantial customer base within easy reach. The property's proximity to nearly 800 hotel and timeshare rooms within the Wilderness Resort further enhances its appeal. All utilities are available to the rough-graded site, simplifying development and reducing upfront costs. With its ideal location, zoning, and infrastructure, this 4.93-acre parcel represents a compelling investment in a thriving tourism hub. The APN is 078037 05702, and the property is situated in the 37876 zip code. This is a rare chance to acquire a significant commercial land holding in a rapidly growing area with exceptional potential for future development and profitability.

Property profile

Verified
Property type Land
Lot 4.93 ac (214,751 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

Old Knoxville Hwy Sevierville, TN 37876
Sevierville metro
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Value estimations

Realmo proprietary · 4 methods
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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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