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Lot 24 25 Conner Heights Rd
Lot 24 25 Conner Heights Rd
Pigeon Forge, TN 37863
About
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
Property Management
Property Manager
Property manager details coming soon.
Due Diligence Documents
About this offering
The Market
Pigeon Forge, TN
Pigeon Forge, TN offers a mix of neighborhood livability, local employment centers, and day-to-day amenities that support long-term housing demand. The area benefits from access to major commuter routes, schools, and retail services, while continuing to attract residents looking for affordability and convenience. As population and job activity remain steady across the broader region, rental demand is generally supported by both local households and in-migration trends.
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Frequently Asked Questions
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Lot 24 25 Conner Heights Rd
Pigeon Forge, TN 37863
About
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
Property Management
Property Manager
Property manager details coming soon.
Due Diligence Documents
Offering Details
The Market
Pigeon Forge, TN
Pigeon Forge, TN offers a mix of neighborhood livability, local employment centers, and day-to-day amenities that support long-term housing demand. The area benefits from access to major commuter routes, schools, and retail services, while continuing to attract residents looking for affordability and convenience. As population and job activity remain steady across the broader region, rental demand is generally supported by both local households and in-migration trends.
Investor Reviews
Frequently Asked Questions
Need Help?
Have other questions? Learn how Lofty works
Not paying rent right now
Right now this home's rent goes toward costs such as repairs, refilling the operating reserve, or covering a vacancy.
Projected Returns
Investing with Lofty can generate returns in two ways:
1) Annual cash flow from rental income.
2) Annual appreciation from long-term property value changes.
Monthly Cash Flow
$948.75
Monthly Rent
$948.75
Monthly Expenses
$0.00
Paid to investors
Annual Appreciation
Based on the Zillow Value Home Index (ZHVI) Single Family Homes Time Series, single family homes appreciated an average of 11% per year over the last 20 years (March 31, 2003 - March 31, 2023).
This figure reflects a national benchmark for single family homes in the 35th to 65th home-price percentile range and may not represent this specific property's zip code. Real-world returns can also vary based on investment costs, hold period, and leverage.
Use the returns calculator below to explore how different assumptions can impact your hypothetical investment outcome.
Projected Returns Calculator
Adjust the assumptions below to model how this property could grow over 7 years.
Annualized Return
+3.6%
per year over 7 years
7-Year Projection
$1,286
+$286 vs. initial $1,000
This calculator is for illustrative purposes only and displays a range of hypothetical investment outcomes based on the inputs you provide. Actual investment outcomes depend on many factors and cannot be determined before the investment period ends. Historical performance is not indicative of future results.
The calculations assume a 7-year hold period and an average annual net operating income increase of 3%. The 10- and 20-year averages are based on data from the ZHVI Single Family Homes Time Series and reflect averages for single-family homes in the 35th to 65th percentile by home price.