Fixer Upper - Seller Financing
Address
223 Sharon Drive, Pigeon Forge, TN
Price
$ 1,499,900
Property Attributes
- ID#710569
- TypeSingle Family
- Listing Status Active
- CountySEVIER
- CityPigeon Forge
- Zip37863
- StyleRanch
- Year Built1982
- Taxes$ 1566
- Price$ 1,499,900
- Bedrooms4
- Full Bathrooms3
- Half Bathrooms1
- Sqr Footage3388
- Lot Size0.64 Acres
Data Source:
Lakeway Area MLS (LAAMLS)
Property Description
Rare C-2 Redevelopment Opportunity | Pigeon Forge Tourism Corridor Rare opportunity to acquire one of the few remaining commercially zoned redevelopment sites in the heart of Pigeon Forge's thriving tourism district. Positioned within the Sharon Drive lodging corridor and surrounded by established hotels, resorts, restaurants, and condominium developments, this approximately 0.68-acre C-2 zoned property offers exceptional redevelopment potential just off the Parkway -- minutes from Dollywood, The Island in Pigeon Forge, LeConte Event Center, and Great Smoky Mountains National Park. Owner financing is available for qualified buyers. Ownership has completed preliminary planning and architect-prepared conceptual development plans illustrating two potential development scenarios: an approximately 18-unit short-term rental condominium project (15 two-bedroom/two-bath units and 3 three-bedroom/two-bath units) and an alternative lower-density residential concept. Both concepts were informally reviewed with City of Pigeon Forge zoning staff, who indicated they appear consistent with the property's current C-2 zoning. No formal site plan, engineering, or governmental approvals have been sought or granted, and future development remains subject to the City's normal review, permitting, and approval process. Purchasers are encouraged to evaluate these and other hospitality, lodging, mixed-use, or commercial concepts that best fit their investment objectives and market strategy. Strong visitor demand, continued public and private investment, and the limited availability of commercially zoned redevelopment sites combine to make this an outstanding opportunity for commercial developers, condominium and hospitality developers, 1031 exchange buyers, and private investors. Preliminary market analysis indicates strong short-term rental revenue potential, and ownership has assembled valuable due diligence materials -- including conceptual site plans, preliminary architectural layouts, and market research -- giving prospective purchasers a significant head start in evaluating the property's redevelopment potential. Why This Property C-2 commercial zoning Approximately 0.68-acre parcel Prime location within the Pigeon Forge tourism corridor Minutes from Dollywood, The Island, LeConte Event Center, and Great Smoky Mountains National Park Surrounded by established hotels, resorts, restaurants, and condominium developments Existing utilities available (public water, sewer, electric, and natural gas) Existing residence on-site provides flexibility during planning Architect-prepared conceptual development plans available -- 18-unit STR condominium concept and an alternative lower-density residential concept Concepts informally reviewed with City zoning staff and indicated as consistent with current C-2 zoning Owner financing available for qualified buyers, with flexible terms Offering Ownership's preference is an outright sale; however, creative acquisition structures may be considered for qualified purchasers, including owner financing, seller participation, phased acquisitions, joint ventures, or other mutually beneficial transaction structures.
| Price History | |
|---|---|
| 3/5/2026 | Listed $1,499,900 |
General Features
| Living Area | 3388.0 |
|---|---|
| Sewer | Public Sewer |
| Heating | Central |
| Cooling | Central Air |
| Possession | Close Of Escrow |
| Roof | Shingle |
| Appliances | None |
| Patio/Porch Features | Porch |
| Architectural Style | Ranch |
| Construction Materials | Brick,Frame |
| Year Built | 1982 |
| Electric | 220 Volts in Laundry |
| Levels | Two |
| Property Subtype | Single Family Residence |
| Tax Year | 2025 |
| Parcel Number | 083O D 02500 000 |
| County | Sevier |
| New Construction | No |
| Property Type | Residential |
| HOA | No |
| Attached Garage | No |
| Garage Y/N | No |
| Other Structures | Shed(s) |
| Total Rooms | 12 |
| Full Baths | 3 |
| Status | Active |
| Directions | COMING INTO PIGEON FORGE IT THE SECOND STREET PAST WEARS VALLEY ROAD TURN RIGHT ONTO SHARON CROSS OVER FLORENCE PROPERTY ON RIGHT SEE SIGN --NEW CONDOS BEING FINISHED ON THE RIGHT SIDE OF THIS LOT |
| City | Pigeon Forge |
| Senior Community Y/N | No |
| Lot Size Units | Acres |
| Lot Size Square Feet | 27878.4 |
| Carport Y/N | No |
| Property Attached Y/N | No |
| Land Lease Y/N | No |
| Tax Annual Amount | 1566.64 |
| Home Warranty Y/N | No |
| Property Condition | Fixer |
| Lease Renewal Y/N | No |
| Additional Parcels Y/N | No |
| Lease Considered Y/N | No |
| Structure Type | House |
| Standard Status | Active |
| Occupancy Type | Tenant |
| MobileHomeRemainsYN | No |
| Sewer_co_Public_sp_Sewer | True |
| Heating_co_Central | True |
Interior Features
| Total Fireplaces | 1 |
|---|---|
| Total Stories | 2 |
| Basement (Y/N) | No |
| Air Conditioning Y/N | Yes |
| Heating Y/N | Yes |
| Fireplace Y/N | Yes |
| Above Grade Finished Area | 3388.0 |
| Half Baths | 1 |
| Total Bedrooms | 4 |
| Below Grade Finished Area | 0.0 |
| Total Baths | 4 |
Exterior Features
| Lot Features | Level |
|---|---|
| Water Source | Public |
| Lot Size Area | 0.64 |
| Foundation Details | Slab |
| Spa | No |
| Building Area Total | 3388.0 |
| Lot Dimensions | 103X280X100X258 |
| Lot Size Acres | 0.64 |
| Road Surface Type | Paved |
| Waterfront Y/N | No |
| Road Frontage Type | City Street |
| Crops Included Y/N | No |
| Horse Y/N | No |
| Irrigation Water Rights Y/N | No |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Single Family Average in 37863
Price
Taxes
Year Built
Canopy MLS® Copyright ©2026 All rights reserved.
Tennessee Virginia Regional MLS All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested
Lakeway Area MLS® (LAAMLS). All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the Multiple Listing Service. Real estate listings held by brokerage firms other than Greater Impact Realty may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. Copyright ©2026 All rights reserved.
Last Updated: September 15, 2026 7:41 AM UTC
