RV Park/Self Storage - Norris Lake, TN

107 Lay Hollow Road Sharps Chapel, TN 37866

107 Lay Hollow Road, Sharps Chapel, TN, 37866
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FOR SALE
Property Type:
Other Hospitality
Amount:
$3,100,000
Last Verified:
May 06, 2024

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Description

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.

Norris Lake, TN

Building Size: 1sq ft
Lot Size: 36.0 acres

Map of 107 Lay Hollow Road, Sharps Chapel, TN, 37866

What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because: