|Price/Rent PSF||$ 1,600,000.00|
This site is located on Teaster Lane in Pigeon Forge, TN and sets up great for a hotel. Located just 0.4 miles from the intersection of Teaster Lane and Jake Thomas Blvd, this close proximity allows for a quick walk to the LeConte Event Center, Cal Ripken Experience, The Island and all the fun and entertainment the Parkway has to offer. The Teaster Lane corridor is home to the newest and best performing hotels in the market and with more development in the pipeline, this should be the place to be in Pigeon Forge for several years to come.
Hotels Located in the Teaster Lane Submarket:
The Inn at Christmas Place
The Marriott Spring Hill Suites
The Hampton Inn
The Hilton Garden Inn
Hilton Home 2 Suites
Site is available along with two adjacent parcels totaling 2.49 acres.
Site 1: 2.07 AC - $1,600,000
Site 2: 0.23 AC - $200,000
Site 3: 0.19 AC - $212,766
TOTAL: 2.49 AC - $2,012,766
The fee simple property is located in a desirable location for hotel development. The site has been filled and compacted. As a result, site work should be substantially less than many competing hotel sites along the Teaster corridor.
The upper floors of any multilevel project would have unobstructed mountain views and benefit from the peaceful surroundings.