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    Pigeon Forge Redevelopment Opportunity
    Updated: Aug 1, 2024
    Pigeon Forge Redevelopment Opportunity

    1134-1138 Wears Valley Road, Pigeon Forge, TN 37863

    $1,700,000
    4,394 sqft 6.95 AC lot
    Prime redevelopment opportunity in Pigeon Forge, a major tourist destination.
    High‑traffic location on Wears Valley Road, a 5‑lane artery with a median.
    Combined 6.95 acres with both commercial (C‑6) and high‑density residential (R‑2) zoning.
    Front parcels (1.55 acres) are commercially zoned, ideal for retail, restaurants, or professional services.
    Back parcels (5.40 acres) zoned for high‑density residential development, suitable for cabins or resort.
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    This listing looks promising.

    Here's a quick look at some key insights for

    1134-1138 Wears Valley Road, Pigeon Forge, TN 37863

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    • Est. Cap Rate

      3.2%
      NOI ÷ price

    • Est. NOI

      $55K
      Annual

    • Price @ 7% Cap

      $780K
      Suggested
    View Property Analytics
    Log-Look Barbecue Restaurant Building
    Updated: Feb 13
    Log-Look Barbecue Restaurant Building

    1818 Winfield Dunn Parkway, Sevierville, TN 37876

    $1,490,000
    2,681 sqft 0.93 AC lot
    Four contiguous commercially‑zoned lots improved with a log/log‑look building
    Currently operating as a dine‑in and take‑out bar‑b‑que restaurant
    Built in 1985
    Public water and public sewer available
    Exterior includes lighting
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    Commercial Development Land with Highway Access
    Commercial Development Land with Highway Access

    1170 Wears Valley Road, Pigeon Forge, TN 37863

    $550,000
    1.04 AC lot

    A commercially zoned lot with substantial highway frontage and ready access in a high-traffic tourist market.

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    Prime Commercial Location in Sevierville
    Prime Commercial Location in Sevierville

    3136 Easy St, Sevierville, TN 37862

    Contact for pricing
    1,920 sqft 0.32 AC lot

    High-visibility commercial property near Pigeon Forge Parkway with remodeling options.

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    Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 80 Potential Opportunities for your consideration. Besides 4 Active listings in Pigeon Forge, TN, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 68 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    British-Style Pub and Restaurant
    British-Style Pub and Restaurant

    730/734 Powdermill Road, Gatlinburg, TN 37738

    $3,400,000
    2,932 sqft 1.01 AC lot

    Established pub and restaurant with full kitchen, two separate bars, and outdoor deck seating plus on-site lodging options.

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    New Dutch Bros Investment Opportunity
    New Dutch Bros Investment Opportunity

    4200 Chapman Hwy, Knoxville, TN 37920

    $3,346,000
    1,960 sqft

    New construction Dutch Bros with long-term NNN lease.

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    Restaurant/Retail Space For Sale
    Restaurant/Retail Space For Sale

    3920 Asheville Hwy, Knoxville, TN

    $950,000
    7,729 sqft 1.69 AC lot

    Versatile commercial space with excellent parking and high visibility.

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    Gatlinburg Pub & Restaurant Opportunity
    Gatlinburg Pub & Restaurant Opportunity

    730734 Powdermill Road, Gatlinburg, TN 37738

    $3,400,000
    1,279 sqft 1.01 AC lot

    Established British pub and restaurant with living accommodations in Gatlinburg.

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    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Pigeon Forge Commercial Lot
    Pigeon Forge Commercial Lot

    Pigeon Forge, TN 37863

    $550,000
    1.04 AC lot

    Commercially zoned 1.04-acre lot on Wears Valley Road.

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    Commercial Lot Near Parkway
    Commercial Lot Near Parkway

    Tract 1 Chilhowee Drive, Sevierville, TN 37862

    $614,000
    0.43 AC lot

    Commercial building lot near Parkway in Sevierville, Tennessee.

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    Pigeon Forge Land For Sale
    Pigeon Forge Land For Sale

    Jake Thomas Road, Pigeon Forge, TN 37863

    $5,000,000
    7.90 AC lot

    Land in fast-growing area, rezoning potential for commercial uses.

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    Highway 66 Commercial Land Opportunity
    Highway 66 Commercial Land Opportunity

    2 Winfield Dunn Pkwy, Kodak, TN 37764

    $980,000
    2.25 AC lot

    2.25-acre commercial property on Highway 66 in Kodak, TN.

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    Off-Market Properties in Pigeon Forge, TN

    Consider similar Off-Market properties in Pigeon Forge, TN. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    1536 Pkwy Parkway
    DRIVE-THRU RESTAURANT, FAST FOOD

    1536 Pkwy Parkway, Sevierville, TN 37862-2847

    Value Estimation by Request
    3,771 sqft 1.99 AC lot
    View details
    2050 Pkwy Parkway
    RESTAURANT

    2050 Pkwy Parkway, Sevierville, TN 37863-2959

    $7,460,000
    Estimated value
    14,132 sqft 3.83 AC lot
    View details
    2831 Pkwy Parkway
    RESTAURANT

    2831 Pkwy Parkway, Pigeon Forge, TN 37863-3315

    $1,200,000
    Estimated value
    7,500 sqft 100.00 AC lot
    View details
    3030 Wears Vly Rd
    RESTAURANT

    3030 Wears Vly Rd, Sevierville, TN 37862-8308

    $950,000
    Estimated value
    1,920 sqft 1.72 AC lot
    View details
    2820 Pkwy Pkwy, Unit 1
    RESTAURANT

    2820 Pkwy Pkwy, Pigeon Forge, TN 37863-3316

    Unit 1
    $2,040,000
    Estimated value
    9,884 sqft 96.00 AC lot
    View details
    197 Frks Of The Riv Pkwy
    DRIVE-THRU RESTAURANT, FAST FOOD

    197 Frks Of The Riv Pkwy, Sevierville, TN 37862-3459

    $2,295,000
    Estimated value
    1,588 sqft 0.86 AC lot
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    125 Frks Of The Riv Pkwy
    DRIVE-THRU RESTAURANT, FAST FOOD

    125 Frks Of The Riv Pkwy, Sevierville, TN 37862-3416

    $1,010,000
    Estimated value
    2,165 sqft 130.00 AC lot
    View details
    2560 Pkwy Parkway
    DRIVE-THRU RESTAURANT, FAST FOOD

    2560 Pkwy Parkway, Pigeon Forge, TN 37863-3224

    $7,265,000
    Estimated value
    4,268 sqft 170.00 AC lot
    View details
    3215 Pkwy Parkway
    RESTAURANT

    3215 Pkwy Parkway, Pigeon Forge, TN 37863-3421

    $2,380,000
    Estimated value
    7,496 sqft 140.00 AC lot
    View details
    4143 Wears Vly Rd
    RESTAURANT

    4143 Wears Vly Rd, Sevierville, TN 37862-8151

    Value Estimation by Request
    4,192 sqft 1.39 AC lot
    View details
    928 Dolly Parton Pkwy
    RESTAURANT

    928 Dolly Parton Pkwy, Sevierville, TN 37862

    $520,000
    Estimated value
    7,640 sqft 1.97 AC lot
    View details
    2041 Pkwy Parkway
    DRIVE-THRU RESTAURANT, FAST FOOD

    2041 Pkwy Parkway, Pigeon Forge, TN 37863-2960

    Value Estimation by Request
    2,313 sqft 0.47 AC lot
    View details
    2391 Pkwy Parkway
    RESTAURANT

    2391 Pkwy Parkway, Pigeon Forge, TN 37863-3286

    $915,000
    Estimated value
    23,393 sqft 2.99 AC lot
    View details
    3974 Pkwy Parkway
    DRIVE-THRU RESTAURANT, FAST FOOD

    3974 Pkwy Parkway, Pigeon Forge, TN 37863-3818

    $3,775,000
    Estimated value
    1,784 sqft 83.00 AC lot
    View details
    3984 Pkwy Parkway
    RESTAURANT

    3984 Pkwy Parkway, Pigeon Forge, TN 37863-3818

    $4,240,000
    Estimated value
    4,632 sqft 119.00 AC lot
    View details
    4074 Pkwy Parkway
    DRIVE-THRU RESTAURANT, FAST FOOD

    4074 Pkwy Parkway, Pigeon Forge, TN 37863-4008

    $2,630,000
    Estimated value
    4,138 sqft 151.00 AC lot
    View details
    1260 Pkwy Parkway
    DRIVE-THRU RESTAURANT, FAST FOOD

    1260 Pkwy Parkway, Sevierville, TN 37862-6847

    $1,515,000
    Estimated value
    3,435 sqft
    View details
    825 Pkwy Parkway
    RESTAURANT

    825 Pkwy Parkway, Sevierville, TN 37862-4321

    Value Estimation by Request
    7,793 sqft 1.27 AC lot
    View details
    123 Frks Of The Riv Pkwy
    DRIVE-THRU RESTAURANT, FAST FOOD

    123 Frks Of The Riv Pkwy, Sevierville, TN 37862-3416

    Value Estimation by Request
    3,526 sqft 140.00 AC lot
    View details
    1448 Winfield Dunn Pkwy
    RESTAURANT

    1448 Winfield Dunn Pkwy, Sevierville, TN 37876-1500

    $1,285,000
    Estimated value
    3,334 sqft 0.83 AC lot
    View details

    Pigeon Forge, TN Restaurants Market Trends and Statistics

    Explore 72 restaurants for sale in Pigeon Forge, TN, showcased through 4 active listings on our real estate platform. These investment opportunities span a total of 7,075 square feet of properties for sale, with an estimated market value of $3,190,000.

    Sale prices for restaurant properties in Pigeon Forge, TN start at $1,490,000, averaging $1,595,000, and reaching up to $1,700,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Conventional restaurants 1

    Demographics Overview

    Population 61K
    Population Growth (5Y) -4.0%
    Median Household Income $57,849
    College Educated 15.3%

    High-Yield Neighborhoods for Investment

    Identify Pigeon Forge submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    37863 $1.1M

    Taxes & Financing

    Tax Rate (average for all types) 1.59%
    Property Tax per SF $26.21 per SF
    Tax Rate vs County Average 0.03 pp below county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Sevier County

    New Delisted

    Total CRE Inventory on Market (SF)

    Property Size Breakdown

    The majority of commercial real estate listings in Pigeon Forge fall within the 10,000 to 25,000 square foot range.

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    Most Searched ZIP Codes in Pigeon Forge, TN

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