Bridgemont is positioned as the arrival experience for 12 million annual visitors to the Smokies.
ridgemont consists of 545 acres of prime real estate adjacent to a flourishing resort environment that includes Wilderness at the Smokies Waterpark Resort, Sevierville Events Center, Sevierville Golf Club, and Wyndham Vacation Resorts. Located off Interstate 40 and Tennessee Highway 66 in Sevierville, Bridgemont is split into several tracts ideally suited for a range of development initiatives including retail, entertainment, attractions, hotels, condominiums and cabins. Its close proximity to a booming resort destination, combined with the tremendous popularity of the Great Smoky Mountains and surrounding area, makes Bridgemont a unique investment opportunity.
Asset Overview Situated alongside the Great Smoky Mountains National Park (the nation s most visited national park) and adjoining the booming Wilderness at the Smokies Water Park Resort, Wyndham Vacation Resorts Great Smokies Lodge, and Sevierville Events Center, First Commercial Real Estate is pleased to offer for sale 545 acres of prime development land. This opportunity is situated within the tourist and shopping destination point of Sevier County that includes the cities of Sevierville, Pigeon Forge, and Gatlinburg. The property is bank-owned via a December 2011 foreclosure. Area Highlights The Sevier County area enjoys multiple business-friendly advantages that are attractive to any investor including no state income tax and a dynamic tourist base (12 million annually). The Great Smoky Mountains National Park sparked Sevier County s draw as a tourist destination and the additions of Dollywood, the AA Chicago Cubs affiliate (Tennessee Smokies), and The Wilderness at the Smokies Water Park have enhanced the experience of visiting the area. With the significant increase in tourism, retail outlets, entertainment, and hospitality assets have followed. Highlighting the list are Bass Pro Shops, NASCAR Speedpark, Dollywood Splash Country, Ripley s Aquarium, the Titanic Museum, Tanger Outlet Mall and the Sevierville Golf Club. Adjoining Amenities Description Wilderness at the Smokies Water Park Indoor and outdoor parks totaling over 100,000 SF A new ride, The Wild Vortex, just opened. Stone Hill Lodge at the Wilderness Wyndham Vacation Resorts Great Smokies Lodge 234 rooms Opened June 2008 featuring mountain modern décor. 558 units Timeshare development with multiple room configurations Sevierville Golf Club Two 18-hole Championship golf courses Several holes offer both mountain and water views Sevierville Events Center 200,000-plus SF Complete with exhibit hall, ballroom, and additional meeting spaces
Bridgemont Vital Statistics Acreage: 545 2012 Property Taxes: $56,000 Zoning: C-5, (Tourist, Commercial) Highway 66 Traffic Count: 44,400 vehicles per day Utilities: Available with ample capacity Sevier County Total tourism spending: Sevier County is 3rd in the state of Tennessee Estimated Annual Visitors to Sevier County: More than 12,000,000 Distance to Knoxville: Less than 20 miles Investment Highlights Bridgemont offers a number of distinct advantages relative to other land sites currently available for purchase including: Flexible Zoning: Bridgemont offers any developer a flexible zoning classification that provides for uses including, but not limited to, retail commercial, mixed-use, hospitality and entertainment. Single Lender-Owned: With no borrower or co-lender involvement, Bridgemont presents a streamlined sales opportunity. Adjoining Amenities: With a wide array of successful adjoining amenities, these tracts will continue to increase in value. Lack of Deferred Maintenance: Unlike debt-heavy developments, where borrowers cut corners and prolonged capital expenditures to stay afloat, Bridgemont offers any buyer the opportunity for a clean palate without the liability of deteriorating horizontal or vertical infrastructure.
Property Type: Land Area: Zoning: Unimproved Land 545 Acres C-5, Tourist Commercial Real Estate Size (AC) Description Price Land 545 Unspoiled and gently rolling Tract Size (AC) Zoning Planned Use The subject is located in the city of Sevierville, Tennessee, to the west of US Highway 441 / State Highway 66, 4 miles south of Interstate 40 Sevierville is one of the three major cities located in Sevier County, Tennessee (Knoxville MSA), and is its county seat. Sevierville is mostly served by three major U.S. highways: 321, 411, and 441. The property tracts are located one mile to the west of U.S. Highway 441. The major access to the subject is via Gists Creek Road and Reed Schoolhouse Road. Gists Creek Road connects to Highway 66 and 441. Sevier County is one of the fastest-growing counties in Tennessee. Sevierville is the shopping capital of East Tennessee, borders the most visited National Park in the United States, and is home to theatrical productions, attractions, and restaurants that attract approximately 12 million tourists per year. Approximately $124 million in road and infrastructure improvements are underway to accommodate growth in the region. B-1 34.80 C-5 (Tourist, Commercial) D-1 177.97 C-5 (Tourist, Commercial) E-3 3.30 C-5 (Tourist, Commercial) G-1 159.14 C-5 (Tourist, Commercial) G-2 16.69 C-5 (Tourist, Commercial) J-2 4.93 C-5 (Tourist, Commercial) K-1 69.75 C-5 (Tourist, Commercial) K-2 53.70 C-5 (Tourist, Commercial) K-3 25.27 C-5 (Tourist, Commercial) Total 545 Mixed $15,055,000 Address: Land in the Bridgemont Development Reed Schoolhouse Road Sevierville, TN 37876 (Sevier County)
Parcels and Zoning B-1-34.80 acres C-5 (Tourist, Commercial) D-1-177.97 acres C-5 (Tourist, Commercial) E-3-3.30 acres C-5 (Tourist, Commercial) G-1-159.14 acres C-5 (Tourist, Commercial) G-2-16.69 acres C-5 (Tourist, Commercial) J-2-4.93 acres C-5 (Tourist, Commercial) K-1-69.75 acres C-5 (Tourist, Commercial) K-2-53.70 acres C-5 (Tourist, Commercial) K-3-25.27 acres C-5 (Tourist, Commercial)
Dollywood Sevierville Pigeon Forge Great Smoky Mountains Wilderness at the Smokies Water Park Gatlinburg Sevierville Golf Club Wyndham Vacation Resorts Great Smokies Lodge Sevierville Events Center
Douglas Lake Sevierville Golf Club I-40, Hwy 66 Interchange Smokies Stadium Sevierville Events Center Wyndham Vacation Resorts Great Smokies Lodge Wilderness at the Smokies Water Park
Sevierville Golf Club Stone Hill Lodge at the Wilderness Sevierville Events Center Wyndham Vacation Resorts Great Smokies Lodge Wilderness at the Smokies Water Park