Mixed Use Income Asset Multifamily, Storage, RV, & Laundry
Campground storage and laundry with development potential and multifamily, storage
Marketing description
Deal Website Link: https://sharpschapelcampsite.sharplaunch.com/
Current ownership has significantly improved the property through active management and operational enhancements while still maintaining meaningful upside through continued rent growth and stabilization. Current in-place rents remain below projected market levels, creating the opportunity for future revenue growth while continuing to provide affordable workforce housing within the market.
Union County, Tennessee, with a population of approximately 20,000 residents, continues to benefit from its strategic proximity to the Knoxville Metropolitan Statistical Area, located approximately 30–50 miles south of the portfolio properties, while maintaining strong recreational and workforce housing fundamentals throughout the region. The county benefits from access to regional employment centers, healthcare systems, manufacturing activity, and educational institutions throughout the greater Knoxville market while providing a more affordable housing alternative within East Tennessee.
The area surrounding Sharps Chapel and Maynardville continues to experience demand driven by a combination of long-term workforce housing needs, regional migration trends, and Norris Lake recreation. Union County is home to Norris Lake, a more than 34,000-acre recreational lake system supporting year-round boating, fishing, camping, and seasonal tourism demand. Nearby destinations including Big Ridge State Park and Chuck Swan Wildlife Management Area further support recreational visitation and long-term campground/RV occupancy throughout the broader market.
Together, the portfolio benefits from proximity to the broader Knoxville MSA (approximately 900,000+ population) while capitalizing on the region’s growing recreational appeal and workforce housing demand. The combination of stable long-term occupancy, diversified revenue streams, established NOI, and scalable expansion opportunities presents investors with a rare opportunity to acquire a mixed-use income platform positioned for both immediate cash flow and long-term growth in East Tennessee.
Investment highlights
This rare mixed-use investment portfolio consists of two strategically located, income-producing assets in Union County, Tennessee, positioned approximately 10 minutes from one another and offering diversified cash flow across campground/RV, multifamily, self-storage, and ancillary income streams with substantial expansion potential.
Sharps Chapel Campground | 107 Lay Hollow Rd
~90% Occupied
Sharps Chapel Campground is a stabilized, income-producing asset featuring 43 campground sites with long-term tenants, 52 self-storage units, an on-site laundromat, and a 1,624 SF single-family residence (3BR / 1BA) built in 1963.
Currently operating at approximately 90% occupancy, the property benefits from a stable resident base of long-term campground tenants, creating recurring income and reducing turnover associated with transient campground operations.
The property also presents a compelling value-add opportunity, with ownership planning expansion that includes:
- 14 additional camper pads
- 25 new RV parking spaces
Located near the recreational draw of Sharps Chapel and Norris Lake, the asset benefits from steady regional demand and continued long-term occupancy trends.
6367 Maynardville Highway
Multifamily & Expansion Opportunity
Located approximately 10 minutes from Sharps Chapel Campground, this mixed-income property includes:
- 5-unit single-story apartment building
- Two single-family homes
- Two trailers
- Five self-storage units
The property generates diversified residential income while offering meaningful upside through future expansion. Ownership has identified development potential for the addition of:
- 7 new camper/RV pads
This provides investors the opportunity to increase revenue through additional long-term campground/RV tenancy while leveraging the property's existing operational footprint.
Investment Highlights
- Diversified income streams across campground/RV, multifamily, storage, and ancillary income
- Established long-term tenancy and recurring cash flow
- Sharps Chapel operating at approximately 90% occupancy
- Significant expansion potential:
- 39 additional RV/camper spaces at Sharps Chapel
- 7 additional RV/camper pads at Maynardville Highway
- Properties located within ~10 minutes of one another for operational efficiency
- Growing East Tennessee market with strong recreational and workforce housing demand
This portfolio presents a rare opportunity to acquire a stable, cash-flowing platform with built-in scalability, combining immediate income with a clear path to future NOI growth through planned campground and RV expansion.
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