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2575 Parkway Pigeon Forge, TN 37863

6.36 Acres, Prime Tourist Location

Overview

Added:
Dec 11, 2024
Days on market:
135
This exceptional 6.36-acre commercial property presents a rare investment opportunity in the heart of Pigeon Forge, Tennessee's thriving tourist district. Situated at the highly visible northeast corner of Parkway (US 441) and East Wears Valley Road, this level lot boasts 975 feet of frontage on the Parkway and 930 feet on the West Prong of Little Pigeon River. The property benefits from a 50,356 average daily traffic count (per TDOT), ensuring maximum exposure for any development. All municipal utilities are readily available. A new survey was completed in 2018. The location is adjacent to The Riverwalk Greenway, providing convenient pedestrian access to The Island and the LeConte Convention Center. Currently occupied by The Track, a popular amusement venue, under a ground lease expiring January 1, 2027, this site offers significant potential for various commercial ventures. The surrounding area is densely populated with retail, restaurants, outlet malls, hotels, live show theaters, and other tourist attractions, including Dollywood, just 4.2 miles away. Pigeon Forge's robust economy, with over $1.298 billion in gross revenue in 2017 and $1.402 billion (through October) in 2018, underscores the exceptional growth potential of this prime location. Sevier County's sales exceeded $4 billion in 2019. This highly constrained land supply in a high-growth tourism market makes this a truly unique acquisition opportunity.

Highlights

  • Premier corner location at a signalized intersection in Pigeon Forge, TN, boasting 50,356 AADT (TDOT).
  • High density of retail, restaurants, and tourist attractions, including proximity to Dollywood.
  • 6.36-acre level lot with 975' of frontage on US 441 (Parkway) and 930' on the West Prong of Little Pigeon River. All utilities available; new survey (2018).
  • Highly constrained land supply in a rapidly growing tourism market.
  • Ground lease expires January 1, 2027.
  • Rare investment opportunity.

Property Details for 2575 Parkway

Property type
Retail properties, Land
Lot Size (sq. ft)
277,042 SF

Location Insight

City
Pigeon Forge
County
Sevier
State
Tennessee
Latitude
35.8061441
Longitude
-83.5760119

FAQs

What type of property is this?
Retail property - 6.36 Acres, Prime Tourist Location
Where is the retail property located?
The property is located at 2575 Parkway Pigeon Forge, TN.
What are key features of this property?
This property features: Premier corner location at a signalized intersection in Pigeon Forge, TN, boasting 50,356 AADT (TDOT).; High density of retail, restaurants, and tourist attractions, including proximity to Dollywood.; 6.36-acre level lot with 975' of frontage on US 441 (Parkway) and 930' on the West Prong of Little Pigeon River. All utilities available; new survey (2018).
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2575 Parkway
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