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Improved Mixed-Use Land for Sale in Pigeon Forge, Tennessee

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

$1,990,000
7 acres
Active
Est $9,948/mo

This combined commercial and residential property presents an attractive redevelopment opportunity within the city limits of Pigeon Forge, a primary tourist destination. The property is located on Wears Valley Road, a high traffic 5-lane artery with a median for convenient ingress and egress. The combination of adjoining parcels totals approximately 6.95 acres (093 133.00, 140.00, 145.00, 146.00). The two parcels that front Wears Valley Road are commercially zoned (C-6) with a combined acreage of 1.55 acres, and each parcel is improved with a residential building (one built in 1961 and one built in 1975). The parcels in the back total approximately 5.40 acres and are mostly zoned R-2 for high density residential development. Access to the R-2 parcels will be through the front two C-6 zoned parcels. The property can be an outstanding fit for commercial use in the front, like restaurants and food services, professional services, and retail sales, with cabin and other high density residential development in the back property. The property seems well suited for a commercial retail/office development on the two commercial lots and a log cabin resort on the back high-density residential-zoned tract.

4,394
Sq feet
1961
Built

Location

Street address
1134-1138 Wears Valley Rd
Community
Pigeon Forge
Elevation
1,027 feet
Coordinates
35.7938, -83.6039

Directions

From the Parkway (US 441) in Pigeon Forge, turn at Light #3 onto Wears Valley Road. Go approximately 1.8 miles to property on right.

Property details

Acreage
6.95 acres
Zoning
C6; R2
MLS #
GSMAR 302316
Posted

Property taxes

2023
$2,367

Parcels

  • 093 133.00
  • 140.00
  • 145.00
  • 146.00

Details and features

Listing

Type
Residential

Lot

Features
City Lot, Corner Lot

Structure

Stories
1

Property utilities

CategoryTypeStatusDescription
PowerGridAvailable

Listing history

DateEventPriceChangeSource
Aug 3, 2024New listing$1,990,000GSMAR
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This 6.95-acre property is located at 1134-1138 Wears Valley Rd in Pigeon Forge, TN 37863. The property is available for sale for $1,990,000. It has a 4,394 sq ft structure built in 1961.

Checked 51 mins ago — Updated

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