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Listed by: Bradley V Arnold Southern LifeStyle Properties
$ 3,300,000
Est. payment /mo
Active
517 Pleasant Grove RD Springville, TN 38256
16 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Business
Listing Status Active
Purchase Type For Sale
MLS Listing ID 2603483
Year Built 2017
Annual Tax Amount $1,446
Lot Size 16.000 Acres
Acres 16.0
Lot Dimensions 16 +/- ACRES
Property Sub-Type Business
Source Central West Tennessee Association of REALTORS®
Property Description
Turn-key 125-Site RV Campground for Sale Near Kentucky Lake in Springville, Tennessee Rare opportunity to acquire an established, income-producing RV campground and cabin-rental business near Kentucky Lake in Springville, Tennessee. Drake's Landing Campground is positioned within the popular Kentucky Lake and Paris Landing tourism market and offers a diversified combination of recurring annual-site income, nightly lodging, covered storage, residential rentals, concessions and camper-related services. Situated on approximately 16 acres across multipile parcels, the property features 125 annual full-hookup RV sites, six tiny-house cabin rentals and 30 covered boat/RV storage units, each designed to accommodate the storage needs of campers, boat owners and Kentucky Lake recreation enthusiasts. Additional income-producing improvements include a three-bedroom, two-bath rental house and a shop-house residence with rental potential. The campground has been thoughtfully developed with amenities that promote repeat business and an established community atmosphere. Recreational improvements include a recirculating splash pad, large playground, Gaga ball court, basketball Court, covered pavilion often used as an event area for live music and seasonal gatherings. A separate gathering-place building provides a shared kitchen, restrooms, freezer, ice machine and space for meals, entertainment and campground activities. The fully equipped concession operation includes its own restroom, commercial-style food-preparation areas, soft-serve ice cream equipment, a snow-cone machine, food warmer, hot dog roller, stove, refrigerator, microwave and point-of-sale system. Additional revenue streams have included ice sales, propane exchanges, camper winterization, maintenance services, deck construction and seasonal food service. Operational infrastructure includes public water, individually metered electricity at the RV sites, septic wastewater systems, campground-wide Wi-Fi, an automated entrance gate, access-card entry and an extensive security system with approximately 31 cameras and license-plate recognition at the entrance. A dedicated maintenance shop, grounds equipment, trailers, tools and other business assets are expected to convey, subject to a final inventory. Drake's Landing operates primarily through an annual-site model and has maintained a waiting list for campsite availability. The combination of recurring RV-site rent, cabin lodging, residential rentals, covered boat and RV storage, concessions and service income provides multiple revenue channels while offering additional upside through expanded cabin marketing, increased food-service hours, retail sales, automated ice sales and additional storage services. The offering includes the campground real estate, business operations, cabins, rental residences, concession facilities, recreational amenities and selected furniture, fixtures and equipment. The seller is also willing to provide an extended transition period to help introduce the buyer to campers, vendors, operating systems and seasonal procedures. Detailed financial statements, tax-return information, asset schedules and operational records are available to qualified prospective buyers following execution of a confidentiality agreement.
Location
State TN
County Henry
Area 16.0
Zoning RV / Camper Lots
Exterior
Utilities Available Electricity Connected, Fiber Optic Available, Water Connected
Street Surface Asphalt
Road Frontage County Road
Building
Story 1
Sewer Septic Tank
Water Public
Level or Stories 1
Others
Tax ID 112 012.00
Special Listing Condition Standard
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