SOLD – Absolute Real Estate Auction – 65 Acres Smoky Mountain Resort/Development Land with A FULLY OPERATIONAL CHAIR LIFT

THIS AUCTION HAS ENDED.

Absolute Real Estate Auction

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To Be Sold to the Highest Bidder without Minimum or Reservation

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65 Acres Smoky Mountain Resort & Development Land with A FULLY OPERATIONAL CHAIR LIFT

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4149 Wears Valley Rd., Sevierville, TN

Property Description:

• Approx. 65 Total Acres (comprised of 8 tax parcels)
• Improvements Include:
  • Approx. 7,489 s.f. Income Producing Retail Store
    • Currently Known as “The Country Store”
    • Currently Leased for $6,500 Monthly
    • Built in 2011
  • 2,286 s. f. Open Air Pavilion Reception Hall
  • 480 s.f. Cabin (Wedding Cabin)
  • Three 400 s.f. Cabins (Guest Cabins)
  • 2,160 s.f. Wedding Chapel
  • Four Additional Cabins (approx. 270 s.f. each)
  • 2,664 s.f. Lodge/Event Center
  • Approx. 3,400 Observation Deck (2,400 s.f. covered)
  • All Improvements Built in 2010/2011
• Over 220 Feet of Frontage on Wears Valley Rd.
• Ideal for Weddings, Family Reunions or Corporate Retreats
• Ideally Located in the Smoky Mountain Tourism Corridor
• Convenient to Townsend, Pigeon Forge, Knoxville and the Great Smoky Mountains National Park
• Traffic Count: Approx. 21,384 Vehicles Per Day (at Sand Pike Rd. & Wears Valley Rd.)

Chair Lift Details:

• Completed in 2012
• Cost to Build:
  • $910,000 (Lift & Associated Equipment)
  • $760,000 (Installation)
• Capacity: Outfitted with 23 Four Person Chairs (48 Chair Capacity)
• Chairlift travels at a speed ranging from 100’ to 200’ per minute
• Length of Chairlift: 2,800 Feet
• Copies of State Permit Available
• All Mechanical & Operational Information Available

Terms: 10% Buyer’s Premium - Successful bidders will deposit 10% of the purchase price (including Buyer’s Premium) and is due day of sale in the form of cash, cashier’s check, personal or company check plus a real estate sales contract must be signed. Balance is due in certified funds at closing.  CLOSING MUST OCCUR WITHIN 20 DAYS OF SALE DATE. NO EXTENSIONS AVAILABLE.

There is a 2% Broker Participation available. Pre-registration at least 24 hours before auction required.

Broker Participation Form - 4149 Wears Valley Rd Sevierville

Zoning:  Split Zoning

• C-1: Rural Commercial District (Sevier County)
• C-2: General Commercial District (Sevier County)
• A-1: Agricultural District (Sevier County)

Estimated Real Estate Taxes: Annual County Real Estate Taxes: $6,866.86 (total for all 8 parcels)

Utility Information:

• Electricity: Sevier County Electric System (4 Meters)
• Water: Not Available (Property is serviced by Multiple Wells on Property)
• Sewer: Not Available (Property is serviced by Multiple Septic Systems on Property)
• Gas: Not Available

Property Documents:

• Aerial Image
• Property Report (1 of 8)WEa
• Property Report (2 of 8)
• Property Report (3 of 8)
• Property Report (4 of 8)
• Property Report (5 of 8)
• Property Report (6 of 8)
• Property Report (7 of 8)
• Property Report (8 of 8)
• Septic Permits
• Title Commitment
• Title Commitment Exception Documents
• Wears Valley - Document Addressing FAQs & Due Diligence
• Wears Valley - Boundary Survey (Showing Improvements)
• Wears Valley Property - Limited Appraisal Information
• Wears Valley Property - Frequently Asked Questions
• Wears Valley Property - Chairlift Insurance Information
• Wears Valley Property - Chairlift Permit Information
• Wears Valley Property - Overview of Improvements
• Wears Valley Property - Tax Information
• Wears Valley Property - Utility Information
• Wears Valley Property - Zoning Information

Directions:

• In Pigeon Forge, from the intersection of Parkway and Wears Valley Rd., take Wears Valley Rd. sw (towards Townsend) approx. 10.5 miles to property on left.
• In Townsend, from the intersection of Hwy 321 & Wears Valley Rd., take Wears Valley Rd. ne (towards Pigeon Forge) approx. 4.4 miles to property on right.