4941 Hooper HwyCosby, TN 37722

  • Other commercial real estate
  • 2.14 AC
For Sale
$720,000 View listing

Property Details for 4941 Hooper Hwy

Lot size
2.14 AC
Property type
Other commercial real estate
APN
015126 02202
APU
1512602202

Description

This exceptional 2.17-acre commercial land parcel presents a unique investment opportunity in Cosby, Tennessee. Ideally situated on Highway 321 (Hooper Highway), this property boasts 132 feet of highway frontage and an additional 318 feet of frontage on Ledford Road, ensuring high visibility and accessibility. The location offers unparalleled convenience, just 10 minutes from Cosby and 12 minutes from the Greenbriar entrance to the Great Smoky Mountains National Park. Benefit from the high daily traffic count of over 5,000 vehicles on Highway 321, attracting a substantial customer base. Currently equipped with eight RV sites featuring full hookups, a two-stall bathhouse, and a laundry room, this property is ready for immediate income generation or redevelopment. A 1000-gallon septic tank and public water are already in place. The property is conveniently located 25 minutes from downtown Gatlinburg and 40 minutes from Dollywood, providing easy access to major tourist attractions. The area has a significant demand for additional food and beverage establishments, retail outlets, and hardware stores catering to the thriving tourism industry. Note that existing sheds, canopies, personal property, and a storage container will be removed prior to closing unless otherwise negotiated. This property offers immense potential for a variety of commercial ventures.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $27,297,034
    Hospitality
    $25,003,936
    Educational
    $20,802,980
    Medical
    $21,518,428
    Retail
    $32,360,192
4941 Hooper Hwy, Cosby, Tennessee
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Location Insight

City
Cosby
County
Cocke
State
Tennessee
Latitude
35.7727
Longitude
-83.2674
CBSA code
35460
CBSA name
NEWPORT, TN MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$497
$6,800
$12,600
$19,400
-
$17,000
$31,500
$48,500

FAQs

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