200 Mallard Cv RdButler, TN 37640

  • Other commercial real estate
  • 7.00 AC
For Sale
$5,600,000 View listing

Property Details for 200 Mallard Cv Rd

Lot size
7.00 AC
Property type
Other commercial real estate
Property subtype
Other land

Description

This exceptional 7-acre commercial property in Butler, Tennessee, presents a lucrative investment opportunity. Currently operating as a thriving marina and campground, the property boasts 296 boat slips accommodating various sizes, including houseboats. There are also 36 camper sites equipped with electricity and well water, and 13 cabins, including a three-bedroom owner's residence with a garage offering stunning lake views. Recent improvements enhance the property's condition, and its location near Watauga Lake and convenient highway access ensures high visibility and accessibility. The business benefits from a strong 10-cap rate and is situated in a rapidly growing area, approximately 30 minutes from both Johnson City, Tennessee, and Boone, North Carolina. A local lender is available to assist with financing. This turnkey operation is ideal for an entrepreneur seeking a profitable and enjoyable venture in a desirable East Tennessee mountain setting. A drone video and comprehensive marketing package are available upon request. The asking price is $5,600,000.

200 Mallard Cv Rd, Butler, Tennessee

Location Insight

City
Butler
County
Carter
State
Tennessee
Latitude
36.3237
Longitude
-82.0238

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