• Year Built: 2004
149 Cates Ln is a mixed-use property for lease in Pigeon Forge, TN.
Now bank owned and priced well below appraised value. A unique redevelopment opportunity in Pigeon Forge, TN. Just off the Parkway, the building sits on approx. 50 acres. The gateway to The Great Smoky Mtns. National Park, the area attracts over 11 million visitors a year. Pigeon Forge is one of the most popular family destinations in the country and is within a one day drive for two-thirds of the poulation of the United States. Pigeon Forge is home to Dollywood, multiple theaters, amusements, shopping (including Tanger Outlets) and restaurants. The area has over 40,000 hotel rooms and overnite rentals.
The five story retail structure was originally built in 2003-2004 for use as a retail and entertainment destination for Boyd's Bear Country. More recently, the facility was used for a Dick Clark's American Bandstand museum, retail outlet and restaurant. The current structure consists of three floors of retail space, one floor of administration and storage, and the bottom floor featuring a full service kitchen and dining facility.
The property is ideal for a redevelopment of the existing structure with additional development of condominiums, cabins, hospitality or theme oriented entertainment. Zoning allows for multiple uses.