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107 Lay Hollow Rd - RV Park/Self Storage - Norris Lake, TN

14 Acres of Commercial Land Offered at $3,760,900 CAD in Sharps Chapel, TN 37866

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EXECUTIVE SUMMARY

$185K NOI | 7.14% CAP.
14+/- acres with 43 RV pads, all with annual leases and fully occupied by full-time residents, plus 52 self-storage rental units also fully occupied and private coin operated laundry facilities. Existing acreage can support an additional ~30 RV pads.
Adjacent acreage also available for 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.