loading
reading
writing
saving
searching
$1,100,000 3± ACRES R-3 MULTIFAMILY DEVELOPMENT SITE - SEVIERVILLE (Sevierville)
1105 Old Knoxville Highway, Sevierville, TN 37862
1105 Old Knoxville Highway near High Street
available now
QR Code Link to This Post
1101 / 1103 / 1105 Old Knoxville Hwy – Sevierville, Tennessee
ASKING PRICE: $1,100,000
Rare opportunity to acquire approximately 3 contiguous acres of R-3 / High Density Residential zoned property in Sevierville, Tennessee, positioned near one of East Tennessee’s strongest tourism, employment and growth corridors.
All three parcels are under the same ownership and are being offered together, giving a developer control of the entire site without having to assemble neighboring properties.
R-3 HIGH DENSITY RESIDENTIAL ZONING:
The property is zoned R-3 – High Density Residential District, intended to accommodate higher-density residential development.
Potential residential uses include:
- Multifamily apartments
- Townhomes / row houses
- Triplexes and quadplexes
- Duplexes
- Planned Unit Developments (PUDs)
- Other permitted residential uses
The property is intentionally not being marketed with a predetermined unit count. An experienced developer can evaluate the property and determine the optimal density and product configuration based upon engineering, parking, setbacks, stormwater, access, utility capacity and City of Sevierville requirements.
PROPERTY HIGHLIGHTS:
- Approximately 3 contiguous acres
- R-3 High Density Residential zoning
- Three parcels under one ownership
- No property assemblage required
- Located along Old Knoxville Highway in Sevierville
- Public water and electric service the area
- Public sewer availability and capacity to be confirmed as part of development due diligence
- Tenant-occupied residential structure currently located on one parcel
- Potential for multifamily, townhome, workforce, attainable-housing or other permitted residential development
- Direct sale by owner
LOCATION / DEVELOPMENT DRIVERS:
The property is conveniently located near major Sevierville and Pigeon Forge tourism, employment and recreational destinations, including:
- Soaky Mountain Waterpark
- Wilderness at the Smokies
- Sevierville Convention Center
- Downtown Sevierville
- Pigeon Forge
- Winfield Dunn Parkway / Highway 66
- I-40 / Knoxville access
The Sevierville/Pigeon Forge area benefits from one of Tennessee’s largest tourism economies and a substantial year-round employment base, creating continued demand for permanent housing throughout the area.
THE DEVELOPMENT OPPORTUNITY:
For a developer, the value of this property is more than simply three acres of land.
It is the combination of:
R-3 high-density residential zoning + contiguous ownership + development flexibility + proximity to a major tourism and employment corridor.
Rather than limiting the property to an owner-created concept or speculative unit count, the site is being offered so the purchaser can determine its highest and best permitted residential use through engineering and site planning.
Potential concepts could include:
Apartments • Townhomes • Workforce Housing • Attainable Housing • PUD Residential Community • Other Permitted R-3 Development
ASKING PRICE: $1,100,000
- Ownership will consider serious, qualified acquisition proposals.
- Additional zoning information, parcel information, aerials, photographs and property details are available to qualified buyers.
- Developers, builders, investors and principals are encouraged to inquire.
- Please provide your name, company, telephone number and intended use when responding.
IMPORTANT – TENANT OCCUPIED
PROPERTY IS CURRENTLY TENANT OCCUPIED.
PLEASE DO NOT DISTURB THE TENANT, KNOCK ON THE DOOR, ENTER THE PROPERTY OR WALK THE SITE WITHOUT PRIOR AUTHORIZATION.
Drive-by viewing from the public roadway is fine, but all property tours, inspections and site access must be scheduled directly with the owner in advance.
Please respect the privacy of the current tenant.
Buyer is responsible for independently verifying acreage, property boundaries, zoning, permitted uses, development density, utility availability and capacity, sewer capacity, access, setbacks, parking requirements, site-plan requirements and all other governmental and development requirements.