Current Use by Public Records
- Mobile home & RV parks
Property Details for 0 Rankins Cove Church Rd
- Year built
- 1993
- Lot size
- 5.50 lot acres
- Property type
- Mobile home & RV parks
Description
Exceptional investment opportunity in Jasper, Tennessee, featuring a well-established mobile home park and a separate brick house on three contiguous lots totaling 5.5 acres. The park comprises 18 units, currently 61.11% occupied, generating a total annual income of $31,860. Twelve trailer lots are situated on a 3.16-acre parcel (zoned commercial), with six currently leased for $840 per month. An additional five lots (1.33 acres) feature four leased units generating $465 monthly income. A separate 1,566 square foot brick house on a 1.01-acre lot commands a monthly rental of $1350. The property boasts a prime location adjacent to I-24, Exit 158, offering high visibility and convenient access. Its proximity to major businesses like Love's Travel Center and Speedway further enhances its appeal. The existing commercial zoning on 3.16 acres presents immediate development potential, while the remaining 2.34 acres offer the possibility of rezoning for commercial or industrial use, maximizing the property's value. Built in 1993, this property has been under the same ownership and operation since 1996, demonstrating a history of consistent performance. The owner retains ownership of three of the mobile homes within the park
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Jasper
- County
- Marion
- State
- Tennessee
- Longitude
- -85.5794
- Latitude
- 35.0348
