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Auction Information
THIS AUCTION HAS ENDED.
Absolute Real Estate Auction
To Be Sold to the Highest Bidder without Minimum or Reservation
65 Acres Smoky Mountain Resort & Development Land with A FULLY OPERATIONAL CHAIR LIFT
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
- Approx. 7,489 s.f. Income Producing Retail Store
- 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.)
- 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.