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Listed by Tony W. Thomas • Weichert, REALTORS - Tiger Rea
$1,499,900
Est. payment /mo
3,388 SqFt
Active
223 Sharon DR Pigeon Forge, TN 37863
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Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 3,388 sqft
Price per Sqft $442
MLS Listing ID 310436
HOA Y/N No
Year Built 1982
Annual Tax Amount $1,566
Tax Year 2025
Lot Size 0.680 Acres
Acres 0.68
Property Sub-Type Mixed Use
Source Great Smoky Mountains Association of REALTORS®
Land Area 3388
Property Description
Rare C-2 Redevelopment Opportunity | Pigeon Forge Tourism Corridor
Rare 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 Property
C-2 commercial zoning
Approximately 0.68-acre parcel
Prime location within the Pigeon Forge tourism corridor
Minutes from Dollywood, The Island, LeConte Event Center, and Great Smoky Mountains National Park
Surrounded by established hotels, resorts, restaurants, and condominium developments
Existing utilities available (public water, sewer, electric, and natural gas)
Existing residence on-site provides flexibility during planning
Architect-prepared conceptual development plans available -- 18-unit STR condominium concept and an alternative lower-density residential concept
Concepts informally reviewed with City zoning staff and indicated as consistent with current C-2 zoning
Owner financing available for qualified buyers, with flexible terms
Offering
Ownership'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.
Rare 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 Property
C-2 commercial zoning
Approximately 0.68-acre parcel
Prime location within the Pigeon Forge tourism corridor
Minutes from Dollywood, The Island, LeConte Event Center, and Great Smoky Mountains National Park
Surrounded by established hotels, resorts, restaurants, and condominium developments
Existing utilities available (public water, sewer, electric, and natural gas)
Existing residence on-site provides flexibility during planning
Architect-prepared conceptual development plans available -- 18-unit STR condominium concept and an alternative lower-density residential concept
Concepts informally reviewed with City zoning staff and indicated as consistent with current C-2 zoning
Owner financing available for qualified buyers, with flexible terms
Offering
Ownership'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.
Location
State TN
County Sevier
Zoning C2
Direction COMING INTO PIGEON FORGE IT THE SECOND STREET PAST WEARS VALLEY ROAD TURN RIGHT ONTO SHARON CROSS OVER FLORENCE PROPERTY ON RIGHT SEE SIGN --NEW CONDOS BEING FINISHED ON THE RIGHT SIDE OF THIS LOT
Interior
Heating Central
Exterior
Parking Features On Site
Street Surface Paved
Road Frontage City Street
Building
Lot Description Level
Story 2
Sewer Public Sewer
Water Public
NEARBY
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License ID: 261589 Tennessee
License ID: 261589 Tennessee