Lofty Lot 24 25 Conner Heights

Lofty Lot 24 25 Conner Heights

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Location
Pigeon Forge, TN
Projected Return
11.9%

Company Description

Land in Pigeon Forge, Tennessee

Offering Details

  • The owner, John Dustin Cole, is transferring his property's deed to a new LLC and is selling a portion of the LLC on the Lofty Marketplace. This property is the only asset owned by the LLC.
  • Tokens represent direct ownership in the LLC that owns the property. Dustin will maintain at least 10% ownership in the LLC indefinitely.
  • View proof of Dustin ownership prior to the title transfer here. View proof of the title transfer here. View the LLC documents here.
  • Dustin will pay a rental yield of 10%. View Lease Agreement
  • Dustin will buy back all sold tokens in 3 years, on May 30th, 2028, at $53/token. Dustin may buy back the tokens at any time within the 3-year period at the price of $53/token.
  • Dustin passed a criminal background check via Checkr and has a credit score of 729 via Experian.
  • Dustin will pay for 100% of the maintenance costs and property taxes
  • View additional terms here

Property Details

  • Incredible opportunity in the heart of Pigeon Forge! This 0.38-acre R-2 zoned parcel features 138 feet of frontage along Conner Heights Rd and offers full city utility access—including water, sewer, and trash services.
  • The property is flat, cleared, and ready for development with custom architectural plans included for a 4-unit townhome-style building.
  • Strategically located between 172 & 184 Conner Heights Rd, this lot sits just 1 minute from the Parkway, providing quick access to Pigeon Forge, Gatlinburg, and Sevierville. Surrounded by apartments and vacation rentals, this is a perfect site for multi-family development, long-term rental income, or short-term vacation units.
  • Property Highlights:
    • Zoned R-2 (multi-family or STR permitted)
    • City utilities in place – no septic or tap issues
    • Flat, buildable lot with 138' road frontage
    • Custom 4-unit building plans convey with sale
    • No HOA or rental restrictions
    • Located within Pigeon Forge city limits
  • Opportunities like this—with build-ready land, STR zoning, and architectural plans in hand—are increasingly rare in the Smokies. Ideal for developers, builders, or investors looking to capitalize on Pigeon Forge’s booming housing and rental demand.

Due Diligence Documents

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