|Price/Rent PSF||$ 899,000.00|
Only 1000 feet off of the Parkway and accessible directly from a major intersection at Old Mill Ave, the access to Parkway and its 49,016 ATDC only add to the convenience and appeal of this offering. The property is located within Pigeon Forge’s Tourism Development Zone (TDZ) which may allow for certain incentive programs depending on the size, scope and projected economic impact of a project located within that zone. Pigeon Forge, with only 5,875 permanent residents, had its highest grossing year of all time in 2016, with total revenues generated exceeding $1.2B.
Lodging Revenue Exceeded $315M
Restaurant Revenue Exceeded $218M
Amusement Revenue Exceeded $240M
Theater Revenue Exceeded $79M
Situated in the Historic Old Mill District in Pigeon Forge, TN. Directly adjacent to the hugely popular Old Mill and Pottery House Restaurants. This property is a rarity in that it is currently zoned for a winery. In addition, this opportunity benefits from a large amount of foot traffic generated by the Old Mill District, the Pigeon Forge Trolley Stop, which sees 3.8 million riders a year and Patriot Park, a 15.5 acre park along the river. Patriot Park adds additional value as the park contain 350 free public parking spots directly across the street from this property. Only 1000 feet off of the Parkway and accessible directly from a major intersection at Old Mill Ave, the access to Parkway and its 49,016 ATDC only add to the convenience and appeal of this offering. The combination of zoning, access, foot traffic and parking are extremely rare in Pigeon Forge and when they do appear they pass quickly. There is a need to act now on this location if you are serious.