820 Old Gate Rd Pigeon Forge, TN 37863
- Hotels
- 16.22 lot acres
Current Use by Public Records
- Hotels
Property Details for 820 Old Gate Rd
- Lot size
- 16.22 lot acres
- Property type
- Hotels
Description
This exceptional 16.22-acre property in Pigeon Forge, Tennessee, presents a remarkable investment opportunity for developers and builders. Located near the Parkway and adjacent to Camp Margaritaville RV Resort & Lodge, this R-2 zoned land offers unparalleled potential for a variety of high-density projects, including a hotel, cabin development, mixed-use residential, or mobile home/RV park. The site boasts existing infrastructure, with water, sewer, and electric utilities already in place. Two currently occupied cabins, one a 3-bedroom, 2-bathroom unit and the other a 2-bedroom, 2-bathroom unit, generate rental income and offer immediate return potential. The property's proximity to Dollywood, Tanger Outlets, Gatlinburg, and the Great Smoky Mountains National Park ensures high demand and strong rental prospects. Currently taxed as agricultural, the seller is open to considering a separate sale of the cabins from the remaining acreage. This is a truly unique opportunity to capitalize on the thriving tourism market in the heart of Pigeon Forge. The asking price is $7,500,000. Broker co-op is available.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Pigeon Forge
- County
- Sevier
- State
- Tennessee
- Longitude
- -83.535981
- Latitude
- 35.778731
