For Sale
$4,000,000

107 Lay Hollow RdSharps Chapel, TN 37866

Thriving RV Park, Storage, Rentals

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity encompasses a sprawling 36+ acre property near Norris Lake, Tennessee, featuring a profitable and largely occupied RV park with 43 campsites (all with annual leases) and 52 rental storage units, plus coin-operated laundry facilities. The existing infrastructure includes a single-family home. Future development potential is significant, with plans for an additional 54 campsites to be built in phases, increasing the property's value and income stream. A separate 2.07-acre parcel includes a 5-unit apartment complex, two houses, and three rental trailers, further enhancing the investment's diverse income streams and providing additional coin-operated laundry and self-storage units. The property boasts a prime location, just half a mile from Norris Lake and within a short drive of Maynardville, Tazewell, and the popular tourist destinations of Sevierville, Pigeon Forge, and Gatlinburg. Current Net Operating Income (NOI) is estimated at $261,000, with a potential for over $100,000 additional NOI from the multi-family and storage components. The asking price is $4,000,000. This turnkey operation presents a rare chance to acquire a well-established and expanding business with substantial growth potential. The undeveloped acreage offers significant opportunities for future expansion and development.

Highlights

  • $4,000,000 Asking Price
  • Business for Sale: RV Park, Self Storage, and Multi-Family Rentals
  • Located in Sharps Chapel, TN, near Norris Lake
  • 36+ acres with 43 RV campsites (mostly occupied with annual leases), 52 storage units, and coin-operated laundry facilities; potential for 54 additional campsites. Includes 25+ acres of undeveloped land.
  • Includes a 5-unit apartment complex, 2 houses, and 3 trailer rentals on an additional 2.07 acres, plus 5 more self-storage units and a coin-operated laundry.

Property Details for 107 Lay Hollow Rd

Property type

Location Insight

City
Sharps Chapel
County
Union
State
Tennessee
Latitude
36.344631926672
Longitude
-83.780393324014
107 Lay Hollow Rd, Sharps Chapel, Tennessee

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107 Lay Hollow Rd
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