227 Lovers Lane -, Elizabehton, TN

Industrial for Sale - $950,000

Coldwell Banker Security Real Estate

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Agent Info

NameJason Johnston
CompanyColdwell Banker Security Real Estate

Property Info

CIMLS #978292
Location227 Lovers Lane -
Elizabehton TN 37643
Last UpdatedNovember 5th, 2018
TypeIndustrial
Price$950,000
DemographicsView data

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Property Description

This is a dream investment on one of the best trout fishing rivers east of the Mississippi! Own your own campground right on the Watauga River and make money while you enjoy the lakes, mountains, rivers and the breathtaking scenery of North East Tennessee. This camp ground stays full year round with 36 full service RV sites. There is an office that also houses 2 full bath rooms and a coin laundry facility. There is a 2 story building that contains a 1 bedroom apartment upstairs where the maintenance person lives for free but takes care of everything! Downstairs is a large common area with a pool table, large tv and vending machines for the campers to use. With less than a 5% vacancy rate and river front lots (which is most of them) renting for $450 per month and interior lots renting for $400 per month, this thing makes money! All sites have their own electric meters, water hook up, sewage hook up and parking. This campground was laid out very well, has low operating costs and fantastic income!! Although set up as a campground, most of the campers have been there long term... most several years!! This section of the Watauga river's water level is controlled by TVA and is below the Watauga Dam and Watauga Lake (one of the top 10 cleanest lakes in the country). This is called a "tail water" below the dam and the water remains very cold all year long so the fish thrive! Buyer/Buyers Agent to verify all info.