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Listed by Tony Thomas • WEICHERT, REALTORS - TIGER REAL ESTATE
$1,499,900
Est. payment /mo
3,388 SqFt
Active
223 Sharon Drive Pigeon Forge, TN 37863
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Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 3,388 sqft
Price per Sqft $442
MLS Listing ID 3253654
Year Built 1982
Lot Size 0.680 Acres
Acres 0.68
Property Sub-Type Mixed Use
Property Description
Rare C-2 Redevelopment Opportunity | Pigeon Forge Tourism Corridor
Rare opportunity to acquire one of the few remaining commercially zoned redevelopment sites in the heart of Pigeon Forge's thriving tourism district. Positioned within the Sharon Drive lodging corridor and surrounded by established hotels, resorts, restaurants, and condominium developments, this approximately 0.68-acre C-2 zoned property offers exceptional redevelopment potential just off the Parkway -- minutes from Dollywood, The Island in Pigeon Forge, LeConte Event Center, and Great Smoky Mountains National Park. Owner financing is available for qualified buyers.
Ownership has completed preliminary planning and architect-prepared conceptual development plans illustrating two potential development scenarios: an approximately 18-unit short-term rental condominium project (15 two-bedroom/two-bath units and 3 three-bedroom/two-bath units) and an alternative lower-density residential concept. Both concepts were informally reviewed with City of Pigeon Forge zoning staff, who indicated they appear consistent with the property's current C-2 zoning. No formal site plan, engineering, or governmental approvals have been sought or granted, and future development remains subject to the City's normal review, permitting, and approval process. Purchasers are encouraged to evaluate these and other hospitality, lodging, mixed-use, or commercial concepts that best fit their investment objectives and market strategy.
Strong visitor demand, continued public and private investment, and the limited availability of commercially zoned redevelopment sites combine to make this an outstanding opportunity for commercial developers, condominium and hospitality developers, 1031 exchange buyers, and private investors. Preliminary market analysis indicates strong short-term rental revenue potential, and ownership has assembled valuable due diligence materials -- including conceptual site plans, preliminary architectural
Rare opportunity to acquire one of the few remaining commercially zoned redevelopment sites in the heart of Pigeon Forge's thriving tourism district. Positioned within the Sharon Drive lodging corridor and surrounded by established hotels, resorts, restaurants, and condominium developments, this approximately 0.68-acre C-2 zoned property offers exceptional redevelopment potential just off the Parkway -- minutes from Dollywood, The Island in Pigeon Forge, LeConte Event Center, and Great Smoky Mountains National Park. Owner financing is available for qualified buyers.
Ownership has completed preliminary planning and architect-prepared conceptual development plans illustrating two potential development scenarios: an approximately 18-unit short-term rental condominium project (15 two-bedroom/two-bath units and 3 three-bedroom/two-bath units) and an alternative lower-density residential concept. Both concepts were informally reviewed with City of Pigeon Forge zoning staff, who indicated they appear consistent with the property's current C-2 zoning. No formal site plan, engineering, or governmental approvals have been sought or granted, and future development remains subject to the City's normal review, permitting, and approval process. Purchasers are encouraged to evaluate these and other hospitality, lodging, mixed-use, or commercial concepts that best fit their investment objectives and market strategy.
Strong visitor demand, continued public and private investment, and the limited availability of commercially zoned redevelopment sites combine to make this an outstanding opportunity for commercial developers, condominium and hospitality developers, 1031 exchange buyers, and private investors. Preliminary market analysis indicates strong short-term rental revenue potential, and ownership has assembled valuable due diligence materials -- including conceptual site plans, preliminary architectural
Location
State TN
County Sevier County
Zoning C2
Interior
Fireplace N
Others
Special Listing Condition Standard
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