137 Spruce Lane

Gatlinburg, TN 37738

Listing ID: 197215
$499,000
For Sale
  • Property Type Land : Apartment Land
  • Lot Size Acres 3.100
  • Land Sq Ft 135,036
  • Land Price per Sq Ft $3.70
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Description

This 3.1-acre property is improved with three older occupied houses (1456, 580, and 367 sq.ft.) that have only limited rental potential due to their age and condition. House #1 is a 2-story with 2 BD up and 2 BD down, 1 BA, and gas heat. House #2 is 1 BD/1BA with space heaters. House #3 is 1BR/1BA with space heaters. No rental information is available.

The property is located a short distance off East Parkway (US 321) within the city limits of Gatlinburg, TN.

It fronts a rushing mountain creek and is accessed via a small one-lane bridge. The TN Dept. of Transportation has fully funded a bridge renovation, with engineering planning now underway.

Redevelopment with cabin(s) or multifamily dwellings is probably the highest and best use of this property, but it will be limited until the bridge work has been completed. The R-2 Medium Density Residential District zoning allows for such uses as single family, two-family and multi-family dwellings, bed and breakfasts, boarding and rooming houses, and tourist residential dwellings.

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 Population1,1313,8478,755
Population Median Age394344
Population by Age0-9 Yrs119 (10%)336 (8%)796 (9%)
10-19 Yrs154 (13%)502 (13%)1010 (11%)
20-29 Yrs177 (15%)455 (11%)1012 (11%)
30-39 Yrs172 (15%)405 (10%)785 (8%)
40-49 Yrs129 (11%)481 (12%)1053 (12%)
50-59 Yrs118 (10%)498 (12%)1298 (14%)
60-69 Yrs145 (12%)588 (15%)1325 (15%)
70+ Yrs117 (10%)583 (15%)1477 (16%)
Median HH Income$34,713$37,607$39,714
Total Household Income< 24K128 (31%)470 (30%)970 (26%)
25-49K150 (37%)527 (33%)1276 (35%)
50-74K61 (15%)282 (18%)689 (19%)
75-99K27 (6%)104 (6%)249 (6%)
100-199K24 (5%)144 (9%)372 (10%)
200K+15 (3%)37 (2%)60 (1%)
Highest Education LevelNo Diploma1374361131
Diploma or GED2959032072
Some College1546871552
Assoc. Degree44175424
Bachelors Degree81351746
Higher Degree37211515
Total Housing Units1,4945,75210,733
--Owner-Occupied1829332,284
--Renter-Occupied2226301,331
Owner-Occupied Values< 100K2096296
100-199K92403942
200-299K26207517
300-399K1695258
400-499K22865
500K+26104207
Total Working Age Population9233,2177,283
In Work Force6071,8944,339
Not In Work Force3161,3242,944
Workforce Employed5441,7184,042
Workforce Unemployed64176298
Civlian Workforce6071,8944,339
Military Workforce000
Total Households4041,5633,615
Family Households2529702,282
Non-Family Households1525931,334
Married Couple1997681,893
Other Family53203389
Married w/Child52191483
Single Male w/Child33369
Single Female w/Child2681138

Population Change Last Two Decades - Plus Projection

2000%2010%2020%2030
Tennessee5,689,283+126,346,105+96,886,369+77,393,069
Sevier County71,170+2689,889+12100,658+12112,912

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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.

Listing Location & Map Views
Listing Agent
David Gothard Agent Photo

David Gothard

NAI Koella RM Moore
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