Parkway, Sevierville, TN
Land for Sale - $1,000,000 - 49299.44 acres
Property Info
CIMLS# | 798154 |
Location Parkway Sevierville TN 37862 | |
Updated | September 23rd, 2015 |
Type | Land |
Price | $1,000,000 |
Land | 49299.44 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%