Auction Leaders Since 1953

Auction Leaders Since 1953

Nov 22 Prime Commercial Pigeon Forge Old Benson Estate

by McCarter Auction Inc.

When

Nov 22, 2014 - 10:30 AM EST Eastern

Where

231 Dollywood Ln
Pigeon Forge, TN 37863

How

Live Auction

Notes

Tract 2 w/motel leasehold: 1,375,000
Tract 1: 236,500
Tract 3 and house tract grouped together: 500,500

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Conducted By

McCarter Auction Inc.

501 W Main St
Sevierville, TN 37862

1-877-282-8467

http://www.mccarterauction.com

Auction Listing

ABSOLUTE AUCTION

SATURDAY, November 22nd, 2014, 10:30 AM EDT

HEART OF PIGEON FORGE

OLD BENSON ESTATE

 12+ AC Fronting Veterans Blvd & Pigeon River

COMMERCIAL ZONED C-6

 ADJOINS KOA CAMPGROUND

Old Homeplace & Motel Leasehold

GROUPING WILL BE OFFERED BUT ONLY ON HOUSE TRACT & TRACT 3

Bidders must qualify w/$25,000 Cashier's Check, Wire Transfer, or Bank Letter w/correct wording

 

LIVE BLUEGRASS FROM THE MATT LEADBETTER BAND

 

 

 

 

 

 

 

 

 

 

 

 

 

LOCATION! LOCATION! LOCATION!
Absolutely one of the finest properties
in thriving tourist capital of the world, PIGEON FORGE, TN
ALL 4 TRACTS FRONT 4-LANE HIGHWAY
MAIN ENTRANCE TO DOLLYWOOD FROM PARKWAY
OPEN HOUSE:FRIDAY, NOVEMBER 21ST,
2:00 PM UNTIL DARK AND SATURDAY BEFORE SALE.

McCarter Auction Nov 22 Benson Estate Absolute Auction

 

All 4 Tracts front beautiful PIGEON RIVER at back


Tract #2 BUY INCOME-PRODUCING: This 4.56 AC Tract sells fee simple subject to
long-term leasehold. Present monthly ground lease income is approx. $8,000 per
month. Lease income increases approx. 2% every year. This tract has nice motel with traffic light entrance at intersection
of Dollywood Lane and Veterans Boulevard. This Prime Income-Producing Tract sells subject to all terms and conditions of
existing leasehold. Please see final statement of sale with terms and conditions before you bid.



Jessica R. Benson Estate:

The beautiful OLD HOMEPLACE is one of the
most attractive settings in Pigeon Forge, TN. This nice old 2-story home
has approx. 2,000 sq ft on bottom level w/lots of hardwood floors &
natural wood, newer kitchen & master bath. Upstairs has approx.
1,200 sq ft 2-bedroom separate living quarters w/kitchen, bath & large
living area. Separate H&A units & electric meters up and down. Home
has new metal roof. Front porch overlooks river. 50’x30’ garage/workshop.
This nice tract has 1.32 AC w/402 ft highway frontage & 269 ft on river.

NOTICE: Under 42U.S.c4582(d) the purchaser of a single family residence has a maximum of ten (10) days to conduct a risk assessment or inspection of the property for the presence of lead-based paint hazards.  Nov 12, 2014 begins this ten (10) day period.



Tract #3 has 2 very nice acres 123 ft on Dollywood Lane and 356 ft on river.



Tract #1 has 4.36 AC 295 ft highway and 397 ft river. This big tract is ideal for
campground or many other uses. Part of this tract has TVA powerline easement, but
lays great w/easy access to river.


 


Bidders must qualify onsite and online w/$25,000 Cashier's Check, Wire Transfer, or Bank Letter with correct wording. 10% Buyers Premium added to each successful bid. More info coming soon...
VIEW MAP
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Directions: In the center of Pigeon Forge, turn off Parkway (HWY441/321) at large Dollywood sign onto Dollywood Lane. Go 1 block to Auction site, just across the bridge on the left.