135 Wears Valley Rd Pigeon Forge, TN 37863
- Retail space
- 52,862 SF
- 7.20 lot acres
Current Use by Public Records
- Tennessee Bible Museum / Museum
Property Details for 135 Wears Valley Rd
- Year built
- 1988
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 7.20 lot acres
- Property size
- 52,862 SF
- Zone code
- C-4
- Property type
- Retail space
- APN
- 078083 09500
- APU
- 7808309500
Description
This exceptional retail opportunity in Pigeon Forge, Tennessee, presents 98,342 square feet of prime shopping center space at 135 E Wears Valley Rd, zip code 37863. The property boasts a multi-tenant configuration with two suites currently available, offering a minimum divisible space of 2,000 square feet and a maximum contiguous space of 5,000 square feet. A significant 7,000 square feet is currently vacant, presenting a unique chance for expansion or new tenancy. The property features abundant parking to accommodate customers and employees. Located in Sevier County, this center benefits from a tremendous neighborhood density, surrounded by retail, restaurants, outlet malls, hotels, live show theaters, and other tourist attractions. Its proximity to Dollywood theme park (4.2 miles) provides exceptional access to a large consumer base. The property's pricing is positioned 40% below market value, offering increased profit margins. Further enhancing its appeal is its location near the Riverwalk Greenway, a nearly two-mile public walking trail (expanding to four miles), which will generate significant foot traffic. Additional traffic is drawn from Winfield Dunn Parkway and Teaster Lane. This property offers a compelling investment opportunity in a thriving tourist destination.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $550,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $570,000
- 6.5%
- $640,000
- 7%
- $635,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $545,000
- Geo Method
- $550,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $620,000
- Retail
- $580,000
- Mixed-Use
- $595,000
- Hospitality
- $465,000
- Educational
- $575,000
- Residential Income
- $610,000
- Energy
- $500,000
- Income-Based Land
- $540,000
- Food Service
- $600,000
Location Insight
- Map
- Local Demand
- City
- Pigeon Forge
- County
- Sevier
- State
- Tennessee
- Longitude
- -83.5747
- Latitude
- 35.807
- CBSA code
- 42940
- CBSA name
- SEVIERVILLE, TN MICROPOLITAN STATISTICAL AREA
