209 Tunnel Hill RdElizabethtown, KY 42701

  • Other commercial real estate
  • 10.65 AC
For Sale
$2,500,000 View listing

Property Details for 209 Tunnel Hill Rd

Lot size
10.65 AC
Property type
Other commercial real estate
APN
231-40-00-013
APU
2314000013

Description

This exceptional investment opportunity presents a thriving, established campground in Elizabethtown, Kentucky, listed at $2,500,000. The 10.65-acre property boasts 4,200 square feet of existing structures, including three cabins, an apartment, and a double-wide trailer, in addition to 48 RV pads. Built in 1980, the property includes a comprehensive range of amenities designed to enhance the camper experience. These amenities include an on-site laundry facility, a shower house, a recreation room, a propane fill station, a fishing pond, and an outdoor swimming pool. Currently operating as a successful long-term RV campground, the property offers significant potential for expansion. The existing infrastructure allows for immediate operation, while the property's zoning and location present opportunities to add tent camping and short-term rentals to increase revenue streams. Its strategic location off Interstate 65 provides easy access, placing it within close proximity to major employment centers such as BlueOval SK (10 miles), Elizabethtown (2 miles), Louisville (43 miles), Lexington (84 miles), and Nashville (133 miles). The land value alone is $234,741.78 per acre, further highlighting the investment potential of this property. This turnkey operation is ready for a new owner to continue its success or implement their own vision for growth and expansion. The property's APN is 231-40-00-013.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $91,731,888
    Hospitality
    $84,025,912
    Educational
    $69,908,576
    Medical
    $72,312,840
    Retail
    $108,746,672
209 Tunnel Hill Rd, Elizabethtown, Kentucky

Location Insight

City
Elizabethtown
County
Hardin
State
Kentucky
Latitude
37.7237
Longitude
-85.8183
CBSA code
21060
CBSA name
ELIZABETHTOWN-FORT KNOX, KY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2021
$3,874
$1,000,000
$300,000
$1,300,000
-
$1,000,000
$300,000
$1,300,000

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