Contacts
MG Rise Realty
Property Details
- Property Type Multi-Family
- Property Size 16,783 SF
- Units 16
- Lot Size 0.43 Acre
- Zoning M 1
- # of Floors 5
- Year Built 2025
- Date Updated Sep 19, 2025
Welcome to 129 Sugarfoot Way, a brand‑new 16‑unit condominium complex strategically located in the heart of Pigeon Forge, Tennessee—one of the Southeast’s most dynamic tourism and investment markets. Nestled just minutes from the Parkway, Dollywood, and The Island, this property also enjoys walkable access to Publix grocery store, the popular Lumberjack Feud Show, a cluster of shops including the Pigeon Forge Cinema, and the Pigeon Forge Community Center with recreation facilities and pools. This unbeatable combination of convenience and entertainment offers unmatched appeal. Designed with modern efficiency and investor appeal in mind, the complex has never been occupied, ensuring low deferred maintenance and immediate income potential. Its location in Sevier County— welcoming over 13 million visitors annually—positions it as a rare opportunity for both short‑term rental operators and long‑term multifamily investors seeking premium returns. Unit Breakdown
• 1-Bedroom Units (760 sq. ft.) Perfect for couples, professionals, or short‑term rental guests seeking affordability and convenience.
• 2-Bedroom Units (1,065 sq. ft.) Spacious layouts ideal for small families or extended stays, balancing comfort with strong rental demand.
• 3-Bedroom Units (1,213 sq. ft.) Premium units designed for larger families or group rentals, maximizing nightly rates and long‑term tenant appeal. This thoughtful mix of unit sizes ensures broad marketability across multiple tenant and guest demographics.
Investment & ROI Potential
• Pro‑forma ROI: 19.25% Backed by strong rental demand, premium nightly rates, and minimal operating costs due to new construction.
• Flexibility of Strategy:
• Operate as a short‑term rental hub to capture tourism dollars.
• Lease as long‑term multifamily units for stable cash flow.
• Pursue a condo conversion strategy, selling units individually at a premium.
• Scarcity Value: With limited new multifamily inventory in Pigeon Forge, this asset stands out as a rare, high‑yield opportunity.
Reach out to the broker for more info on lease terms and amenities
Attachments
Getting around
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56/100
Walk Score ®
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67/100
Bike Score ®
Location
- City Pigeon Forge, TN
- Zip Code 37863
- Market Knoxville
Points of Interest
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Dollywood Express Train Station
2.74 miles
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Kroger Fuel Center
0.10 miles
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Exxon
0.15 miles
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Shell
0.20 miles
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Tesla Supercharger
0.41 miles
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Sunoco
1.25 miles
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Marathon
1.35 miles
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BP
2.00 miles
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Parking Lot C
2.40 miles
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Parking Lot B
2.48 miles
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Parking Lot D
2.53 miles
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Splash Country Parking
2.54 miles
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Parking Lot A
2.58 miles
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Handicap Parking
2.61 miles
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Gatlinburg Overlook Parking Area #1
7.12 miles
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Public Parking
7.32 miles
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Bear Skin Parking Lot
7.41 miles
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Public Parking Garage
7.48 miles
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La Quinta Inn & Suites
0.03 miles
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Park Grove Inn
0.05 miles
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Clarion Inn
0.10 miles
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Courtyard Pigeon Forge
0.10 miles
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The Inn on the River
0.17 miles
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Baymont Inn & Suites
0.18 miles
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The Inn at Christmas Place
0.31 miles
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Holiday Terrace Inn
0.31 miles
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Timbers Lodge Motel
0.31 miles
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SpringHill Suites Pigeon Forge
0.33 miles
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Kroger
0.15 miles
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The Christmas Place
0.26 miles
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Publix
0.31 miles
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Moon Pie General Store and Original Book Warehouse
1.30 miles
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The Old Mill Square
1.85 miles
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Ogle Brothers General Store
1.87 miles
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The Old Mill General Store
1.90 miles
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Food City
2.23 miles
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Walmart Supercenter
2.27 miles
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Governor's Crossing Mall
2.30 miles
Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.
MG Rise Realty
