Forks of the River Parkway - Downtown Sevierville

Forks of the River Parkway Sevierville , TN 37862

Forks of the River Parkway , Sevierville , TN, 37862
Forks of the River Parkway , Sevierville , TN, 37862 Forks of the River Parkway , Sevierville , TN, 37862 Forks of the River Parkway , Sevierville , TN, 37862 Forks of the River Parkway , Sevierville , TN, 37862 Forks of the River Parkway , Sevierville , TN, 37862 Forks of the River Parkway , Sevierville , TN, 37862 Forks of the River Parkway , Sevierville , TN, 37862 Forks of the River Parkway , Sevierville , TN, 37862 Forks of the River Parkway , Sevierville , TN, 37862 Forks of the River Parkway , Sevierville , TN, 37862 Forks of the River Parkway , Sevierville , TN, 37862
FOR SALE
Property Type:
Multifamily Land
Amount:
$9,500,000
Last Verified:
Nov 26, 2024

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Highlights

  • 1,521 Linear Feet of River and Greenway Frontage
  • Two Points on Ingress and Egress on Forks of the River Parkway
  • New Restaurants, Retail, and Entertainment a Short Walk Away
  • Across the street from the Downtown Sevierville Commons District and the County Courthouse.

Description

This site has natural beauty, serenity, walkability, convenience to a redeveloping downtown, and easy access to transportation. This opportunity is the premier multifamily/resort site in the Sevier County Market.

The location of this 18.924-acre site is on the West Prong of the Little Pigeon River and the Sevierville City Greenway. The site's river and greenway frontage total 1,521 feet. Two points of ingress and egress plus access to a redlight will allow users convenient movement to Forks of the River Parkway, a major thoroughfare in Sevierville. Adding to the convenience and beautiful natural setting with views of the Great Smoky Mountains, this site is less than a five-minute walk to the newly redeveloped Downtown Sevierville Commons District. Sevierville Commons continuously improves and allows access to new shopping, eating, drinking, and entertainment establishments.

This site does have it all, and it checks all the boxes for a primer multifamily/resort development site.

Located on Forks on the River near downtown Sevierville.

Lot Size: 18.92 acres


Documents

Forks of the River Retail Map.jpg
Boundary Survey Forks of the River.pdf
Sale Flyer Horizontal
TOPO and Flood Outlined Forks of the River.png
Utilities Map Outlined Forks of the River.png
Zoning Map Outlined Forks of the River.png

Map of Forks of the River Parkway , Sevierville , TN, 37862

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What are Real Estate Incentives?

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.