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32847170
32847171

58 Lambs Ferry Rd, Leoma, TN 38468 For Sale

TL
TN 328241
$1,300,000
50 days on market
Updated 50 days ago

58 Lambs Ferry Rd

Details
APN 124 066.04, 124 066.05
Property Type Mixed Use, Mobile Home Park
Square Footage 169,012
Units 4
Pro-Forma Cap Rate 8.95%
Pro-Forma NOI $116,380
Price per SqFt $8
Year Built 1982
Year Renovated 2023
Acreage 3.880
Zoning Commercial
Parking Spaces 4 spaces
Parking per 1,000 SqFt 0.02
Investment Type Owner/User
Ground Lease No

Mixed Use | 169,012 SqFt

Marketing description

This property is a recently improved mixed-use income property featuring a 16-site full hookup RV park alongside 2 duplexes (4 units) in Southern Middle Tennessee. The RV Park was developed and substantially upgraded between 2022 and 2023 and is still very new. The property was designed with long-term quality, operational efficiency, and future upside in mind. The listing includes 2 parcels Tax Parcel ID#s 124 066.04 & 124 066.05 at1.94 acres each for 3.88 acres. The RV park features concrete pads for all sites, full water/sewer/electric hookups at every site, multi-service electrical pedestals with 30-amp, 50-amp, and standard 120V service connections, heated spigot boots for winter months, privacy fence, gravel internal drives, and tenant mailbox stations. The duplex buildings provide additional income diversification with multiple renovated units and separate septic systems for each building as well as a separate septic system for the full RV Park with 2 tanks. Currently operating primarily as a monthly-stay RV park, the property offers substantial value-add potential through continued lease-up, active management, expanded online marketing, and future operational growth. Additional land area may provide opportunities for future RV expansion, boat/RV storage, or added amenities, subject to buyer due diligence and approvals. Conveniently located near Florence, Alabama, Nashville, the Natchez Trace Parkway, David Crockett State Park, and the Hope Botanical Garden, the property benefits from access to regional tourism, recreation, and travel corridors throughout Southern Middle Tennessee and Northern Alabama.

Investment highlights

  • Recently improved mixed-use income property featuring 16-site full hookup RV park and 2 duplexes (4 units)
  • RV Park developed and substantially upgraded between 2022 and 2023
  • Designed with long-term quality, operational efficiency, and future upside in mind
  • Concrete pads for all RV sites with full water/sewer/electric hookups
  • Multi-service electrical pedestals with 30-amp, 50-amp, and standard 120V service connections
  • Heated spigot boots for winter months
  • Privacy fence, gravel internal drives, and tenant mailbox stations
  • Duplex buildings with multiple renovated units and separate septic systems
  • Separate septic system for RV Park with 2 tanks
  • Substantial value-add potential through continued lease-up, active management, and expanded online marketing
  • Additional land area provides opportunities for future RV expansion, boat/RV storage, or added amenities
  • Conveniently located near Florence, Alabama, Nashville, Natchez Trace Parkway, David Crockett State Park, and Hope Botanical Garden
  • Access to regional tourism, recreation, and travel corridors throughout Southern Middle Tennessee and Northern Alabama

Listing Contacts

TL
TN 328241

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Additional Information

Name
Tyler Letner
License
328241
Brokerage
Wallace Twin Lakes
Brokerage Phone
8653281111
Title
Principal Broker
Brokerage Address
105 North A Street
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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