200 Mallard Cv Rd Butler, TN 37640
- Land
- 7.00 lot acres
Current Use by Public Records
- Land
Property Details for 200 Mallard Cv Rd
- Lot size
- 7.00 lot acres
- Property type
- Land
Description
This exceptional 7-acre commercial property in Butler, Tennessee, presents a lucrative investment opportunity. Currently operating as a thriving marina and campground, the property boasts 296 boat slips accommodating various sizes, including houseboats. There are also 36 camper sites equipped with electricity and well water, and 13 cabins, including a three-bedroom owner's residence with a garage offering stunning lake views. Recent improvements enhance the property's condition, and its location near Watauga Lake and convenient highway access ensures high visibility and accessibility. The business benefits from a strong 10-cap rate and is situated in a rapidly growing area, approximately 30 minutes from both Johnson City, Tennessee, and Boone, North Carolina. A local lender is available to assist with financing. This turnkey operation is ideal for an entrepreneur seeking a profitable and enjoyable venture in a desirable East Tennessee mountain setting. A drone video and comprehensive marketing package are available upon request. The asking price is $5,600,000.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Butler
- County
- Carter
- State
- Tennessee
- Longitude
- -82.0238
- Latitude
- 36.3237
