200 Mallard Cv Rd Butler, TN 37640

Property Details for 200 Mallard Cv Rd

Year built

1997

Lot size

19.00 lot acres

Property type

Commercial real estate

Description

This exceptional waterfront investment opportunity encompasses a thriving marina and campground situated on a sprawling 19-acre lot at 200 Mallard Cove Road, Unit 200, Butler, TN. The property boasts 296 boat slips catering to a diverse range of vessels, including houseboats, and 36 fully equipped camper sites with convenient electric and well water hookups. Thirteen cabins are included, providing additional revenue streams and accommodation options for guests. A significant advantage is the inclusion of a three-bedroom owner's house complete with a garage, offering stunning lake views. This property presents a turnkey business opportunity with significant upside potential. Recent improvements have enhanced the property's condition and appeal. The marina's convenient location just off the highway ensures high visibility and accessibility. The area is experiencing robust growth, with proximity to both Johnson City, TN, and Boone, NC, offering a strong market for both business and residential development. A 10% capitalization rate is projected, making this a highly attractive investment. Pre-arranged financing options are available through a local lender, streamlining the acquisition process for qualified buyers. A comprehensive marketing package and drone video are available upon request, providing a detailed overview of this remarkable property. This is a rare chance to acquire a well-established, profitable business in a desirable location with excellent growth prospects.

Location Insight

City

Butler

County

Carter

State

Tennessee

Longitude

-82.0245

Latitude

36.324