Income Producing Independent Living Facility on 14 Acres with 1,600′ of River Frontage in Sevierville

700 Markhill Drive, Sevierville, TN 37862

PROPERTY DESCRIPTION

Finding 14 acres – fee simple – with more than 1,600’ of river frontage minutes from I-40, downtown Sevierville, Dollywood / Splash Country, Pigeon Forge and all the other Sevier County area attractions is almost unthinkable – until now.

This amazing property for sale – 14 acres – is located in an incredible location just 200’ off the Parkway in Sevierville. The property is the current home of Mountain Brook Village Senior Independent Living facility – a campus featuring 25 single-story, wood-frame structures totaling 109,061 sf. The facility offers 145 units located in 24 different structures, one of which is a 26,277 sf main building that includes a commercial-grade kitchen, dining room and activity room as well as 1,600 sf storage building. There are nine living structures containing 2,960 sf and 14 containing 3,896 sf. The development includes concrete sidewalks, patios and pads, fencing, exterior lighting, signage and professional landscaping.

The property lends itself to a host of redevelopment opportunities. Uses permitted in the HDR zoning district allow for multi-family, single family, two family, nursing home, mobile home park, short-term rental as well as some government, professional and educational uses.

*THIS IS A COURT ORDERED “BROKERED SALES PROCESS”

*YOU MUST SIGN A CONFIDENTIALITY AGREEMENT – SEE BELOW

*UPON INSPECTING THE PROPERTY YOU WILL BE PROVIDED A “SUMMARIZED BIDDING PROCESS” DETAILING HOW TO PURSUE THE PROPERTY

*ACCESS TO A “DATA ROOM”, CONTAINING DUE DILIGENCE TYPE INFORMATION, WILL BE PROVIDED ONCE ESTABLISHED

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TAX INFORMATION

• Estimated Sevier County Taxes: $32,781.00
• Estimated City of Sevierville Taxes: $9,422.00
• Total Estimated Property Taxes: $42,203.00

ZONING

• HDR – High Density Residential District

UTILITIES

• Electricity: Sevier County Electric System
• Water: City of Sevierville
• Sewer: City of Sevierville
• Gas: Sevier County Utility District

PROPERTY DOCUMENTS

• Aerial
• Aerial Map
• Building Chart
• Confidentiality Agreement
• FAQ
• Flood Map
• Floor Plans
• Market Data – Rental Rates
• Tax Assessments
• Taxes-Sevier County
• Taxes-Sevierville
• Tax Map
• Topo Flood
• Topo Map
• Traffic Count-Updated
• Utility Map-Gas
• Utility Map-Water Sewer
• Zoning Map
• Zoning Ordinance

DIRECTIONS

• • From Downtown Seviervillle at the corner of Dolly Parton Parkway (Hwy 66) and the Parkway (Hwy 448), travel south on Parkway for 3/4 mile (crossing the Little Pigeon River). Turn left onto Scenic and travel 200′. Turn left onto Markhill Drive to enter the property.