4941 Hooper Hwy Cosby, TN 37722
- Commercial real estate
- 2.14 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 4941 Hooper Hwy
- Lot size
- 2.14 lot acres
- Property type
- Commercial real estate
- APN
- 015126 02202
- APU
- 1512602202
Description
This exceptional 2.17-acre commercial land parcel presents a unique investment opportunity in Cosby, Tennessee. Ideally situated on Highway 321 (Hooper Highway), this property boasts 132 feet of highway frontage and an additional 318 feet of frontage on Ledford Road, ensuring high visibility and accessibility. The location offers unparalleled convenience, just 10 minutes from Cosby and 12 minutes from the Greenbriar entrance to the Great Smoky Mountains National Park. Benefit from the high daily traffic count of over 5,000 vehicles on Highway 321, attracting a substantial customer base. Currently equipped with eight RV sites featuring full hookups, a two-stall bathhouse, and a laundry room, this property is ready for immediate income generation or redevelopment. A 1000-gallon septic tank and public water are already in place. The property is conveniently located 25 minutes from downtown Gatlinburg and 40 minutes from Dollywood, providing easy access to major tourist attractions. The area has a significant demand for additional food and beverage establishments, retail outlets, and hardware stores catering to the thriving tourism industry. Note that existing sheds, canopies, personal property, and a storage container will be removed prior to closing unless otherwise negotiated. This property offers immense potential for a variety of commercial ventures.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $4,125,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $4,355,000
- 6.5%
- $4,560,000
- 7%
- $4,500,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $3,885,000
- Geo Method
- $4,835,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $4,170,000
- Retail
- $4,465,000
- Mixed-Use
- $5,515,000
- Hospitality
- $4,360,000
- Educational
- $4,460,000
- Residential Income
- $5,535,000
- Energy
- $4,605,000
- Income-Based Land
- $4,860,000
- Food Service
- $4,655,000
Location Insight
- Map
- Local Demand
- City
- Cosby
- County
- Cocke
- State
- Tennessee
- Longitude
- -83.2674
- Latitude
- 35.7727
- CBSA code
- 35460
- CBSA name
- NEWPORT, TN MICROPOLITAN STATISTICAL AREA