We know from experience and previous articles that the Great Smoky Mountains are a top tourist destination. There are over 9 million annual visitors and the numbers keep climbing. Aside from those facts there are many more reasons why we believe the Smoky Mountain area is a great pick for a real estate investment. The area boasts the largest collection of independent artisans and hosts numerous events like this week’s Annual Craftmens Fair in Gatlinburg. There are numerous attractions and it is all within a days drive for two thirds of America. Now, both Pigeon Forge and Gatlinburg have big projects going on that are going to make the list even longer. Let’s see what they have planned.
Over the last few months, Gatlinburg officials have held numerous meetings to explore and discuss the possibility of constructing a youth sports complex. On Tuesday evening it was decided that they would move forward towards making this a reality. The city entered into agreements with the Sports Facility Advisory and the consulting firm Conventions & Leisure to conduct feasibility studies and a business pro-forma analysis. The findings were positive, showing that Gatlinburg had adequate accommodation choices and entertainment venues to attract major sports tournaments and other sports events. The facility would include a 79,000 square foot indoor complex with five basketball courts, eight full sized multi-use soccer fields and 600 new parking spaces. The effect would be more vacationers drawn to the area and planning their trips around sports tournaments. The studies reveal that the project would bring more than $34 million to the area.
In September of 2013, Pigeon Forge will open the LeConte Center. Located near Pigeon Forge attractions, shows and shopping this will be a multi-use event center that will attract many new events to the area. The facility will include a 100,500 square foot assembly hall, numerous multi-purpose rooms, catering, concessions and 1,600 parking spaces. It is expected to be home to numerous assemblies, competitive events and trade shows.
Both of these facilities will add jobs to the area and increase the already high tourism to the area. At this time we see a real estate market that is improving from last year and the addition of these new attractions for the area are on track to keep that trend going. There are numerous investment properties available on the market and we believe now is the time to start exploring the option of purchasing a home in the area. Not sure where to start with owning a vacation rental property? Our team is dedicated to providing you sound information and guiding you through every step of the process. Start at our website to get a feel for what is available and when the time is right we are ready to answer your questions and assist you on the path to owning a Smoky Mountain home.
Here Are A Few Of My Featured Investment Properties:
|Picture Perfect Views Beautiful and private 2 acre site with postcard views. Literally, we have post cards from the 70’s that have the view from this home’s deck on them. A picture perfect view for sure. Type: Multi Family Home Location: Chalet Village Price: $475,000 Get more information >|
|Consistent $$$ Maker At A Great Price!! CONSISTENTLY RENTED OVER 200 DAYS PER YEAR FOR THE PAST FOUR YEARS, WITH REVENUE RANGING FROM $38,000-$41,000! Wonderful and spacious 3-level cabin tucked away in Gatlinburg and only a short drive to the Great Smoky Mountains National Park! Type: Single Family Home Location: Gatlinburg ,Tennessee Price: $250,000 Get more information >|
|Smoky Mountain Money Maker Smoky Mountain money maker did over $26,000 in rental income for both 2010 & 2011. Nestled in a resort like neighborhood this large cabin is filled with amenities & is close to Dollywood. Type: Single Family Home Location: Pigeon Forge Price: $179,900 Get more information >|