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Updated over 4 years ago on . Most recent reply

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Kevin Koffman
  • Investor
  • Fort Lauderdale, FL
15
Votes |
22
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Gatlinburg Land, what to do with it?

Kevin Koffman
  • Investor
  • Fort Lauderdale, FL
Posted

I have .66 acres in Gatlinburg TN.

604 Cherokee Orchard Rd  

Walking distance to downtown Gatlinburg.

It used to have a Bed and Breakfast on it, which is no longer there, now it’s vacant land with just the concrete slab.

I’m not a builder, but I do have experience renting out houses and condos. 
The land is owned free and clear. 

Any thoughts on what I could do with it, besides selling the land?

Most Popular Reply

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Frank Rolfe#1 Mobile Home Park Investing Contributor
  • Real Estate Investor
  • Ste. Genevieve, MO
944
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363
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Frank Rolfe#1 Mobile Home Park Investing Contributor
  • Real Estate Investor
  • Ste. Genevieve, MO
Replied

Before you do anything you need to:

1) talk to the city zoning department and see what uses are allowed on the property.

2) check out the survey to see if there are any portions that are not usable due to setbacks, easements, etc. in addition to what the maximum buildable area is based on the zoning restrictions.

3) see what utilities you have available at the tract (water, sewer, gas, electric).

4) based on the above, see what the options are and if you think any of those would be profitable.

5) decide if you want to build and operate whatever that business is or just sell the land to someone else to build.

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