RV Park/Self Storage/Multi-Family Rentals - Norris Lake, TN
Special Purpose
for Sale
| Catylist Listing ID: |
30872546 |
| Building Size (RSF): |
1,200 SF
|
| Gross Building Area: |
See Agent |
| Sale Price: |
$4,000,000 |
| Property Use Type: |
Business |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Last Updated: |
7/22/2024 |
Overview / Comments
RV Park & Self Storage: 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.
Multi-family Rentals & Storage: 4 lots for a total 2.07+/- acres with a 5 unit apartment complex, 2 houses and 3 trailer rental properties. A coin operated laundry facility and 5 self-storage units enhancing convenience for tenants and providing additional income. This investment promises stable rental returns. $100K+ potential NOI.
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Additional Details
| Nearest MSA: |
Knoxville |
| County: |
Union |
| Tax ID/APN: |
027 03000 & 036 05301 |
| Zoning: |
NONE |
| Largest Nearby Street: |
Sharps Chapel Road |
Demographic Statistics
| Proximity: |
3 miles |
5 miles |
| Total Population: |
1,016 |
4,649 |
| Median Age: |
46.16 |
44.03 |
| Households: |
431 |
1,920 |
|
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The information presented herein is provided as is, without warranty of any kind.
Neither Kentucky Commercial Real Estate Alliance nor
Moody's assume any liability for errors or omissions.
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