Road grade level lot fronts Wears Valley Road. Additional rear lot has gently downward slope.
2-story building with unfinished basement
Just 1.2 miles from Parkway, US 441, the major tourism artery for the Smoky Mountains region
Short-term absolute net leased
Description
Visually appealing log-look building is currently leased to a short-term rental management company through 12/2025, with escalating rents for two additional optional one-year renewal terms. Corner lot on busy US highway provides excellent visibility and ready access.
Property is located within the city limits of Pigeon Forge, Tennessee. It is located on the south side of Wears Valley Road, US 321, about 1.2 miles west of Parkway, US 441. It is a corner lot at the intersection of Wears Valley Road and Mayes Loop Road.
Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."
Why are Real Estate Incentives Important and to Whom?
"Incentives" are vital today and in the future because:
U.S. Public: Many incentives focus on job creation and Affordable Housing
Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.
