2091 Coles Chapel Rd Sparta, TN 38583-6710
- Retail space
- 2,880 SF
- 5.00 lot acres
Current Use by Public Records
- Whispering Falls RV Park & Convenience Store / Rv Park
- Whispering Falls RV Park & Convenient Store / Rv Park
Property Details for 2091 Coles Chapel Rd
- Year built
- 2022
- Lot size
- 5.00 lot acres
- Property size
- 2,880 SF
- Property type
- Retail space
- APN
- 093011 00105
- APU
- 9301100105
Description
This exceptional Class A, fee-simple RV park and convenience store presents a unique owner-user investment opportunity. Located on 5 acres in Sparta, Tennessee, this 2023-built property boasts 23 fully serviced RV sites, each featuring a firepit and picnic table, and ample spacing for privacy. The park includes a pavilion, with a playground and dog park planned. Its prime location, just 8 miles from Sparta, 9 miles from Cookeville, and 8 miles from Interstate 40, ensures high occupancy. The on-site convenience store generates additional revenue, offering pizzas, sandwiches, paninis, soft drinks, and domestic and local beers. The store is equipped with a "Clover" payment system, vendor connections, and a camera system. The park utilizes Campground Booking for reservations. Existing trained staff are willing to continue employment. The property is zoned commercial and features two one-story buildings. This turnkey operation offers a blend of income streams and a tranquil setting near Burgess Falls State Park, making it ideal for an owner-operator seeking a profitable and manageable business. The asking price is $1,800,000. Note: Seller will not accept financing plans placing them in a secondary loan position.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,215,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,500,000
- 6.5%
- $1,760,000
- 7%
- $1,615,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,775,000
- Geo Method
- $1,920,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,885,000
- Retail
- $1,640,000
- Mixed-Use
- $1,795,000
- Hospitality
- $1,900,000
- Educational
- $1,515,000
- Residential Income
- $1,715,000
- Energy
- $1,495,000
- Income-Based Land
- $1,665,000
- Food Service
- $1,890,000
Location Insight
- Map
- Local Demand
- City
- Sparta
- County
- White
- State
- Tennessee
- Longitude
- -85.5952
- Latitude
- 36.043