Old Valley Road, Pigeon Forge, TN
Resort for Sale - $449,900
Property Info
CIMLS# | 740766 |
Location Old Valley Road Pigeon Forge TN 37862 | |
Updated | December 18th, 2014 |
Type | Resort |
Price | $449,900 |
Property Description
Seller says BRING ANY AND ALL offers now! VERY MOTIVATED! Awesome Opportunity for Contractors and Developers! Cover Bridge Resort is located less than 5 min to downtown Pigeon Forge. A High tourism area in demand! Build cabins and make a profit reselling. Great rental income potential for cabins built in and around Cover Bridge. Includes 32 available Lots _+ in Phase 1, 2 and 3 and All of Phase 4 & 5 undeveloped land. All buildable lots and tracts sold as a whole! Phase 4 equals 2.49 ac. and Phase 5 equals 4.81 ac. Phase 1, 2, and 3 have all underground utilities available, water, sewer, etc. Phase 4 can be developed similar to what preliminary map shows. Phase 5 cannot be developed as preliminary map shows due to high retaining walls. Phase 5 property is good for a large Private Estate, a Bed and Breakfast, or 4 large cabins...4 to 5 bedrooms or as 2 extra large cabins 8 to 11 bedrooms with lots of views. Refer to maps, deed, HOA ByLaws and Vision Engineering in Sevierville, Tennessee for additional information. The Covered Bridge Resort is one of the premier rental cabin facilities that visitors are looking for. It's proximity to local attractions with the views and serenity of the mountains make this property one many desire to find when they vacation or retire to this area. Sevier County is located in the foothills of the Great Smoky Mountains National Park. Tourism Gross Receipts in the County exceed $1.6 Billion annually! The Great Smoky Mountains National Park is the Number 1 Most Visited National Park in the United States, with over 9 Million Annual visitors, twice the number of any National Park! Build investment cabins on the existing lots in Phase 1 and 2. Phase 4 & 5 are ready for your development team to plan your next step in your investment! The possibilities are waiting for your development team to capitalize on. The location of this property, it's views and tree lined lots and land could make it an investors dream. Don't miss out on this income property; these don't come available at this price often! EMAIL D'Aun Walker-Loomis for any additional info (including photos, etc) - realtordaun@gmail.com