Knoxville-Smoky Mountain House and Acreage
- $ 3 000 000
- Residential Land For Sale
- Bedrooms 3
- Bathrooms 4
- 1/2 bathrooms 1
- Total square 603.87 sq m
We are offering an opportunity to invest in a prime piece of real estate consisting of 20.88 acres and a 6,400+ square foot house ideal for a variety of development projects. This property is conveniently located just 13 miles from I-40 is at the intersection of both the tourist market of Sevier County and the university and business district of downtown Knoxville.
The prospect of new economic growth and foreign investment in this market makes for an ideal strategic opportunity that would add to an attractive corporate or investment portfolio with a potentially healthy capitalization yield.
The area is highly diversified with no sector accounting for more than 22% of the overall market and home to the Great Smoky Mountains National Park with over 10 million visitors per year.
Traffic Count :
Boyd’s Creek Highway is around 18,000 per day,
Chapman Highway is around 30,000 to 40,000 per day,
Highway 66 is around 60,000 per day.
2 main attractions: Dollywood Amusement Park and the Great Smoky Mountains National Park
Other attractions: Smokies Baseball Stadium, Bass Pro Shop, Cal Ripkin Baseball Park (planned), other retail, specialty shopping complexes, golf, dinner shows, music theaters, amusement parks, restaurants, museums, and arts & crafts communities.
Dollywood attracts over 2 million attendees per year to it’s 60+ acres park
The topography ranges from level to rolling coming to a ridge overlooking the valley with views of Bay’s Mountain behind and on a clear day the Great Smoky Mountains National Park. This ridge has a rock ledge and then gently levels. An access road is located on Lot 8 approximately 70 feet from the property line. There is adequate drainage and no hazardous materials located on the site.
Sevier County permits property to be used for residential development or similar use. The minimum sub-dividable lot size on rural land without city sewer is 20,000 sq. ft. There is no zoning in the county.
The area is in a transition from farmland to residential and light commercial and many of the farms have long since been sub-divided. The streets in Seymour have seen increased traffic flow mainly because of the growth of the tourist industry and relocated young families and retirees.
House: approximately 6,578 sq. ft.
Multi-level with 2 lofts, 3 bedrooms, 4 bathrooms, laundry room, mud room, open living area with gas fireplace, studio/office with wood-burning fireplace, 2-car garage with storage loft, unfinished basement with gas fireplace, bathroom, and kitchenette, sub-basement, and crawlspace.
There have been several remodeling and upgrades made over the years such as new plumbing, electrical, carpet, and landscaping.
There are 4 decks totaling 1,065 sq. ft.
2x6 exterior walls
R-19 exterior insulation
R-30 ceiling insulation
Well (also access to Knox-Chapman city water)
Floors- ceramic and porcelain tile/hardwood/carpet
Foundation for future out-building
*Property is sold "As-Is" with buyer providing their own financing and closing costs.
- Listing status: Active
- Available from: Aug 23, 2012
- Listing #: 4107
- Lot size: 20.88 acres
- Parking: 2 Cars
- Parking type: Garage attached
- Heating System: Electric
- Fireplace: Gas
- Broadband Internet
- Hot water
- Air conditioning
- Bathroom with shower
- Bathroom with tub
- Ceiling fans
- Hot tub / spa
- Wood flooring
Keywords: investment, real estate, chalet, luxury, smoky mountains, private residence club, boyd's creek, seymour, tennessee, foreign investment, capitalization yield, traffic count, knoxville
Latitude / Longitude: 35.874700 / -83.773900