Property Description

Rare C-2 Redevelopment Opportunity | Pigeon Forge Tourism CorridorRare opportunity to acquire one of the few remaining commercially zoned redevelopment sites in the heart of Pigeon Forge's thriving tourism district. Positioned within the Sharon Drive lodging corridor and surrounded by established hotels, resorts, restaurants, and condominium developments, this approximately 0.68-acre C-2 zoned property offers exceptional redevelopment potential just off the Parkway -- minutes from Dollywood, The Island in Pigeon Forge, LeConte Event Center, and Great Smoky Mountains National Park. Owner financing is available for qualified buyers.Ownership has completed preliminary planning and architect-prepared conceptual development plans illustrating two potential development scenarios: an approximately 18-unit short-term rental condominium project (15 two-bedroom/two-bath units and 3 three-bedroom/two-bath units) and an alternative lower-density residential concept. Both concepts were informally reviewed with City of Pigeon Forge zoning staff, who indicated they appear consistent with the property's current C-2 zoning. No formal site plan, engineering, or governmental approvals have been sought or granted, and future development remains subject to the City's normal review, permitting, and approval process. Purchasers are encouraged to evaluate these and other hospitality, lodging, mixed-use, or commercial concepts that best fit their investment objectives and market strategy.Strong visitor demand, continued public and private investment, and the limited availability of commercially zoned redevelopment sites combine to make this an outstanding opportunity for commercial developers, condominium and hospitality developers, 1031 exchange buyers, and private investors. Preliminary market analysis indicates strong short-term rental revenue potential, and ownership has assembled valuable due diligence materials -- including conceptual site plans, preliminary architectural layouts, and market research -- giving prospective purchasers a significant head start in evaluating the property's redevelopment potential.Why This PropertyC-2 commercial zoningApproximately 0.68-acre parcelPrime location within the Pigeon Forge tourism corridorMinutes from Dollywood, The Island, LeConte Event Center, and Great Smoky Mountains National ParkSurrounded by established hotels, resorts, restaurants, and condominium developmentsExisting utilities available (public water, sewer, electric, and natural gas)Existing residence on-site provides flexibility during planningArchitect-prepared conceptual development plans available -- 18-unit STR condominium concept and an alternative lower-density residential conceptConcepts informally reviewed with City zoning staff and indicated as consistent with current C-2 zoningOwner financing available for qualified buyers, with flexible termsOfferingOwnership's preference is an outright sale; however, creative acquisition structures may be considered for qualified purchasers, including owner financing, seller participation, phased acquisitions, joint ventures, or other mutually beneficial transaction structures.

Property Features