Commercial Development Tract Near Bass Pro Shop

Bass Pro Drive Kodak, TN 37764

Bass Pro Drive, Kodak, TN, 37764
Bass Pro Drive tract
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FOR SALE
Property Type:
Other Land
Amount:
$1,585,000
Last Verified:
Jun 20, 2024

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Highlights

  • All municipal utilities available
  • C-5 Tourist Commercial zoning district
  • Located near Bass Pro Shop, restaurants, hotels and other retail
  • Near I-40 Exit 407
  • I-40 average daily traffic count: 72,103
  • Winfield Dunn Parkway average daily traffic count: 36,107
  • Located in an Opportunity Zone

Description

This 5+ acre wooded tract is zoned for tourist commercial development. It has good visibility, adequate road frontage, rolling topography and municipal utilities nearby. It seems well-suited for hotel, retail and restaurant development. In 2006, an engineering firm prepared site plans for the property, to include a 4-story 80-room hotel, a 3-story 60-room hotel, a 208-seat restaurant and 203 parking spaces. The property is priced below the 2006 acquisition price.

In the Tax Cuts and Jobs Act of 2017, Congress authorized a new community investment tool known as Opportunity Zones. This property is located within one of Sevier County's Opportunity Zones.

Sevier County and Great Smoky Mountains National Park attract 15 million annual visitors, and Winfield Dunn Parkway, off of I-40 Exit 407, is the primary traffic artery for those visitors.

The property is located north of Interstate 40 Exit 407, directly across from Fairfield Inn & Suites and near Bass Pro Shop.

Lot Size: 5.08 acres


Documents

Hotel Plans Cover Sheet
Hotel Plans - Plan View with Topo
State of Tennessee Real Estate Assessment Data
NEW Offering Memorandum (L)
Recorded Plat Map (Tract 1-B)

Map of Bass Pro Drive, Kodak, TN, 37764

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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."

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