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:
Jul 23, 2024

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Description

36+/- acres with 1 home, 43 campsites, all with annual leases and mostly occupied by full-time residents, plus 52 rental storage units and coin operated laundry facilities. 54 additional campsites are planned, built in 9-unit phases. As each phase is completed and filled, List Price will be adjusted. Currently there exist 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

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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."

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