Mixed Income Asset Campground & Multifam 1 Specialty Properties Offered at $3,800,000 in Sharps Chapel, TN

Property Deal Page
https://sharpschapelcampsite.sharplaunch.com/
Portfolio Overview
This rare mixed-use investment portfolio consists of two strategically located, income-producing assets in Union County, Tennessee, positioned approximately 10 minutes from one another and offering diversified cash flow across campground/RV, multifamily, self-storage, and ancillary income streams with substantial expansion potential.
Now Offered at $3,800,000
The portfolio is being offered with the seller's commitment to complete the 14-pad campground expansion at Sharps Chapel and the 7-pad expansion at the Maynardville property as part of the sale agreement. Upon completion, the expansion is projected to increase annual Net Operating Income by $138,600, bringing the projected portfolio NOI to approximately $491,424, representing an attractive 12.93% projected cap rate at the asking price.
Sharps Chapel Campground | 107 Lay Hollow Rd
~90% Occupied
Sharps Chapel Campground is a stabilized, income-producing asset featuring 43 campground sites with long-term tenants, 52 self-storage units, an on-site laundromat, and a 1,624 SF single-family residence (3BR / 1BA) built in 1963.
Currently operating at approximately 90% occupancy, the property benefits from a stable resident base of long-term campground tenants, creating recurring income while minimizing the turnover typically associated with transient campground operations.
The property's 14 new camper pads are currently under construction and are included as part of the sale. The seller has agreed to remain involved after closing to complete the project, providing buyers with a streamlined transition and reducing execution risk.
In addition to the current expansion, the property offers future development potential for:
25 additional RV parking spaces
Located near the recreational draw of Sharps Chapel and Norris Lake, the asset benefits from steady regional demand and continued long-term occupancy trends.
6367 Maynardville Highway
Multifamily & Expansion Opportunity
Located approximately 10 minutes from Sharps Chapel Campground, this mixed-income property includes:
5-unit single-story apartment building
Two single-family homes
Two mobile homes
Five self-storage units
The property generates diversified residential income while offering immediate upside through the seller-completed expansion and additional long-term development potential.
The seller's included expansion consists of:
7 new camper/RV pads currently planned for completion as part of the sale
In addition, the property offers future opportunities for further value-add development while leveraging its existing operational footprint.
Investment Highlights
Now offered at $3,800,000
Projected NOI of approximately $491,424 upon completion of the included expansion
Projected annual NOI increase of $138,600 included in the purchase
12.93% projected cap rate at the asking price
Seller committed to completing the 21 new campground/RV pads after closing (14 at Sharps Chapel and 7 at Maynardville)
Diversified income streams across campground/RV, multifamily, self-storage, and ancillary revenue
Established long-term tenancy and recurring cash flow
Sharps Chapel operating at approximately 90% occupancy
14 new campground pads currently under construction and included in the sale
7 new campground/RV pads to be completed at the Maynardville property as part of the sale
Future development potential for an additional 25 RV parking spaces at Sharps Chapel
Properties located within approximately 10 minutes of one another for operational efficiency
Growing East Tennessee market with strong recreational and workforce housing demand
This portfolio presents a rare opportunity to acquire a stabilized, cash-flowing investment with a seller-funded expansion already underway, immediate upside built into the acquisition, and additional long-term development potential. Buyers benefit from immediate income, a projected $138,600 increase in annual NOI upon completion of the included expansion, and future optionality through the remaining RV development opportunities.