Property Listing No Longer Available for Sale

Parkway, Sevierville, TN

Land for Sale - $1,000,000 - 49299.44 acres


Property Info

CIMLS#798154
Location
  Parkway
  Sevierville TN 37862
UpdatedSeptember 23rd, 2015
TypeLand
Price$1,000,000
Land49299.44 acres

Property Description

This offering consists of two adjacent properties that are listed by different owners. Property #1 (100 John L. Marshall Drive) is located at the corner of US 441 (Parkway) and John L. Marshall Drive. It is a vacant tract that fronts US 441 (Parkway). Formerly improved with a single family home and swimming pool that have since been removed. It is zoned C-4 Arterial Commercial.

Property #2 (116 John L. Marshall Drive) lies adjacent and to the rear of Property #1. It is a bank-owned tract that is zoned R-3 High Density Residential and is improved with an older single family dwelling currently occupied by a tenant.

If the two independently owned tracts are purchased simultaneously, it appears feasible to request that the City of Sevierville merge them into one tract and rezone the entire tract to commercial, if certain conditions are met.

Either property may be purchased independently of the other as follows:

Property #1: $690,000.00

Property #2: $310,000.00

Location Description:

Downtown Sevierville, TN. Southbound side of US 441, aka the Parkway and Smoky Mountains Parkway.

Highlights:

>> Offering 2 separately owned, adjacent tracts

>> Property #1 - 0.91-acre - C-4 - 180 foot frontage on Parkway

>> Property #2 - 0.70-acre - R-3 - improved with a single family dwelling that is currently rented

>> It appears feasible to merge the 2 tracts & rezone the combined 1.61-acre tract to commercial.

>> City utilities available.

* Email for additional photos


Financials

Cash, conventional, or terms acceptable to seller

Sales Info:

>> Commision split: 3.0%


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