16 Unit Condo Complex in Pigeon Forge

Highlights:

• Brand New Construction – 16 turnkey units, never occupied, offering immediate appeal and minimal maintenance.
• Strong Return Potential – Pro-forma analysis projects a 19.25% ROI, driven by premium rental demand and zero deferred maintenance on this brand-new build.
• Prime Location – Situated in Pigeon Forge, just minutes from Dollywood, The Island, and the Parkway, ensuring year-round rental demand.
• Tourism-Driven Market – Located in Sevier County, which welcomes over 13 million visitors annually, fueling strong short- and long-term rental potential.
• Investment Flexibility – Ideal for short-term rental operators, long-term multifamily investors, or condo conversion strategies.
• Limited Competition – Few new-build multifamily assets in the area, creating scarcity value and positioning this property as a standout opportunity.

Description:

MG Rise Realty is pleased to present, 129 SUGARFOOT WAY, Pigeon Forge, TN 37863 a brand-new 16-unit condo complex in the heart of Pigeon Forge, Tennessee—an unparalleled investment opportunity in one of the Southeast’s fastest-growing tourism markets. With modern construction, zero prior occupancy, and unbeatable proximity to world-class attractions, this property is positioned to deliver premium returns for discerning investors.

Property Description
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.

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