Property Description

Rare opportunity to acquire three adjoining, separately platted building lots in the City of Sevierville, offering flexibility for residential, overnight-rental or multi-unit development. Lots 21, 22 and 23 Saddle Spur Way are being offered together as one package for $189,000 ($63,000 per lot). All three lots must be purchased together and will not be sold separately.Combined, the three parcels provide approximately 0.67 acres of C-3 zoned property: Lot 21 is approximately 0.20 acre, Lot 22 approximately 0.19 acre and Lot 23 approximately 0.28 acre. Each remains a separate parcel, giving a buyer the opportunity to potentially construct three individual buildings--one on each lot--or consider combining the property for a larger development concept.The C-3 (Intermediate Commercial) zoning creates a variety of potential development options, including permanent residences, overnight cabin rentals, condominiums, townhomes and multi-family uses, subject to applicable City requirements and approvals. Minimum building size is 1,000 square feet, and mobile homes are not permitted. Whether the vision is three income-producing cabins, permanent residences, townhomes, apartments or a larger multi-bedroom vacation rental designed for groups and family gatherings, these lots offer an excellent starting point.One of the property's strongest advantages is its combination of a wooded, tucked-away setting with an in-town location. Enjoy the atmosphere of being in the Tennessee countryside while remaining only minutes from downtown Sevierville, the Parkway and convenient routes to Pigeon Forge, Gatlinburg and Wears Valley. Alternate routes also provide the ability to travel toward Pigeon Forge and Wears Valley without relying entirely on the Parkway--an attractive feature for both permanent residents and vacation guests.For an overnight-rental development, the location places guests in a highly convenient central position for exploring the Great Smoky Mountains and the Sevierville/Pigeon Forge/Gatlinburg tourism market, while nearby attractions such as the Sevierville Golf Club and Sevierville Convention Center provide additional reasons for visitors to choose this area.Another major development advantage is the existing infrastructure. Utilities are available to the lots, including water, natural gas, electricity, internet and telephone, and the neighborhood features paved roads with curbing/guttering. The supplied parcel records specifically confirm public water, public electricity, public natural gas and paved road access for all three parcels.The property records also identify all three parcels as having rolling topography and C-3 zoning, with each located in FEMA Zone X, an area of minimal flood hazard.Three lots. Multiple development possibilities. City utilities and paved access. A wooded setting minutes from the heart of Sevierville and the Smoky Mountains. An appealing opportunity for a builder, developer or investor looking for property with flexibility and excellent access to one of East Tennessee's strongest tourism markets.

Property Features