4149 Wears Valley RdSevierville, TN 37862

Property Details for 4149 Wears Valley Rd

Year built

2011

Lot size

2.30 AC

Property size (Sq ft)

8,604 SF

Property type

Retail properties

Property subtype

Retail space

APN

078134 01104

APU

7813401104

Description

This exceptional 68-acre property in Sevierville, Tennessee, presents a remarkable mixed-use investment opportunity. The offering encompasses a diverse range of improvements, strategically positioned within the thriving Smoky Mountain tourism corridor. The main structure includes a 5,760 square foot retail building situated on Wears Valley Road, boasting over 220 feet of road frontage. Further enhancing the property's appeal is a fully operational chairlift, adding a unique recreational element. Accommodations are provided by eight cabins, each ranging from approximately 300 to 450 square feet, a 2,664 square foot lodge, and a spacious 2,160 square foot wedding chapel. A substantial covered and open-air reception facility, measuring 2,286 square feet, complements the wedding venue. Additional amenities include a horse barn, stables, and horseback riding trails. The entire complex, constructed in 2011, comprises thirteen buildings totaling 15,270 square feet across thirteen units, currently vacant. The property is zoned C-1/C-2/R-1 and features a parcel number of 134 011.05. This expansive property is ideally suited for weddings, family reunions, corporate retreats, or a variety of other ventures, capitalizing on the area's robust tourism industry. The asking price for this value-add investment is $6,499,000. Please note that the property is currently vacant.

• CAP approach

  CAP return

  Valuation

  6%

  $3,235,742

  6.5%

  $2,986,838

  7%

  $2,773,493

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,785,086

  Geo Method

  $1,785,086

• Alternative Use

  Use

  Valuation

  Residential

  $2,519,510

  Hospitality

  $2,307,858

  Educational

  $1,920,110

  Medical

  $1,986,146

  Retail

  $2,986,838

Location Insight

City

Sevierville

County

Sevier

State

Tennessee

Latitude

35.7034

Longitude

-83.6721

CBSA code

42940

CBSA name

SEVIERVILLE, TN MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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