RV Park/Self Storage - Norris Lake, TN

Special Purpose for Sale
Catylist Listing ID: 30872236
Building Size (RSF): 1 SF
Gross Building Area: See Agent
Gross Land Area: 36 Acres
Sale Price: $3,100,000
Property Use Type: Business
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 5/20/2024

Overview / Comments

36+/-acres with 34 campsites, all with annual leases and mostly occupied by full-time residents, plus 52 rental storage units and coin operated laundry facilities. Permitted and will be delivered at time of sale an additional 9 sites. With 25+/- acres of undeveloped land included, there is significant potential for further development or expansion. Located ½ mile from Norris Lake, 15 mins to Maynardville & Tazewell, and approx 1 hour to Sevierville, Pigeon Forge & Gatlinburg. $261K NOI.

Additional Details

Nearest MSA: Knoxville
County: Union
Tax ID/APN: 027 03000
Zoning: NONE
Largest Nearby Street: Sharps Chapel Road

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 1,016 4,649
Median Age: 46.16 44.03
Households: 431 1,920

Contact

Photograph of Listing Agent

Stephanie L Gilezan

EXP Realty LLC KCREA Member
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