For Sale
$7,500,000

820 Old Gate RdPigeon Forge, TN 37863

16 Acres, Two Cabins, Prime Location

Overview

Added:
Dec 11, 2024
Days on market:
115
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.

Highlights

  • 16.22-acre R-2 zoned land in Pigeon Forge, TN, adjacent to Camp Margaritaville RV Resort & Lodge.
  • High-density development potential: hotel, cabins, mixed-use residential, or RV park.
  • Existing infrastructure: water, sewer, and electric utilities.
  • Two income-producing cabins (3/2 and 2/2).
  • Prime location near Parkway, Dollywood, Tanger Outlets, Gatlinburg, and Great Smoky Mountains National Park.
  • Agricultural tax status; seller open to separate cabin sale.

Property Details for 820 Old Gate Rd

Property type
Hospitality properties, Hotels
Buildings
2
Stories
1
Lot Size (sq. ft)
706,543 SF

Location Insight

City
Pigeon Forge
County
Sevier
State
Tennessee
Latitude
35.778731
Longitude
-83.535981
820 Old Gate Rd, Pigeon Forge, Tennessee

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820 Old Gate Rd
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