3270 Parkway

Pigeon Forge, TN 37863

Listing ID: 197186

$350,000

For Sale

Property Type Retail : Shopping Center
Lot Size Acres 0.711
Building Sq Ft 5,584
Building Price per Sq Ft $62.68
Land Sq Ft 30,971
Land Price per Sq Ft $11.30

3270 Parkway Pigeon Forge, TN 37863 - main image

Description

This property offers an outstanding opportunity for commercial property investors and users. Offered for sale is the bank-owned long-term ground leasehold interest in this multi-tenant retail/office property, a commercially zoned lot improved with a 5,584 square foot retail/office building. The front unit consists of about 1,966 square feet with additional shared tenant use of about 450 square feet of bathroom space, which is subleased for use as a Baskin Robbins Ice Cream Store. The back unit consists of about 3,168 square feet with shared tenant use of the additional bathroom space. It is currently vacant and offers potential additional rental income. It is attractive office space that was previously occupied as a Century 21 real estate brokerage office. Possible uses included retail, restaurant and general or professional office. Contact listing broker for additional terms and financial details regarding the "Prime" ground lease and the sublease.

Attachments & Files

salebrochure-new-jZ2-I2o.pdf

Listing Demographics

All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

		1-Mile	3-Miles	5-Miles
Total Population		1,375	9,272	24,001
Population Median Age		43	42	42
Population by Age	0-9 Yrs	178 (12%)	1051 (11%)	2696 (11%)
	10-19 Yrs	124 (9%)	1001 (10%)	2692 (11%)
	20-29 Yrs	140 (10%)	1143 (12%)	2846 (11%)
	30-39 Yrs	186 (13%)	1111 (11%)	2696 (11%)
	40-49 Yrs	122 (8%)	1013 (10%)	2946 (12%)
	50-59 Yrs	207 (15%)	1397 (15%)	3673 (15%)
	60-69 Yrs	183 (13%)	1156 (12%)	2940 (12%)
	70+ Yrs	235 (17%)	1401 (15%)	3512 (14%)

Median HH Income		$40,181	$40,588	$41,886
Total Household Income	< 24K	183 (33%)	1088 (30%)	2435 (26%)
	25-49K	209 (37%)	1266 (35%)	3097 (33%)
	50-74K	57 (10%)	629 (17%)	1757 (19%)
	75-99K	57 (10%)	314 (8%)	778 (8%)
	100-199K	43 (7%)	253 (7%)	839 (9%)
	200K+	2 (0%)	41 (1%)	212 (2%)

Highest Education Level	No Diploma	270	1669	3613
	Diploma or GED	297	2337	6230
	Some College	241	1479	3891
	Assoc. Degree	29	290	952
	Bachelors Degree	72	516	1745
	Higher Degree	95	398	961

Total Housing Units		1,041	7,386	17,629
--Owner-Occupied		248	1,876	5,194
--Renter-Occupied		303	1,716	3,923
Owner-Occupied Values	< 100K	47	421	1096
	100-199K	109	848	2158
	200-299K	25	239	963
	300-399K	48	243	554
	400-499K	3	44	167
	500K+	16	82	256

Total Working Age Population		1,116	7,585	19,645
In Work Force		749	4,925	11,981
Not In Work Force		368	2,659	7,664
Workforce Employed		728	4,726	11,415
Workforce Unemployed		21	200	554
Civlian Workforce		749	4,925	11,969
Military Workforce		0	0	12

Total Households		551	3,592	9,117
Family Households		372	2,382	6,219
Non-Family Households		179	1,210	2,897
Married Couple		295	1,841	4,663
Other Family		77	541	1,557
Married w/Child		98	549	1,289
Single Male w/Child		11	94	324
Single Female w/Child		45	240	563

Population Change Last Two Decades - Plus Projection

	2000	%	2010	%	2020	%	2030
Tennessee	5,689,283	+12	6,346,105	+9	6,886,369	+7	7,393,069
Sevier County	71,170	+26	89,889	+12	100,658	+12	112,912

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While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.