$920,000
Rutledge, TN 37861
MLS# 9906534
Status: Closed
6078 sqft
1 / 38
Property Description
Rare Investment Opportunity! Picturesque Cherokee Lakefront campground with on-site restaurant and marina available for sale! This campground recently came under new management and has had numerous improvements made over the past 18 months. New swimming pool recently installed and restaurant ''Mason Jar Grill'' has opened and is thriving. There are currently 75 ''permanent'' camp sites with 7 overnight rental spots available; 9 furnished cabins that rent, a general store, private boat ramp, and marina with 26 slips and 2 pontoon boats available to rent. Kayak rentals as well. Picnic pavilion with concession stand located next to pool. There is also an owner's house with 6 bedrooms and 4 full baths with exceptional Cherokee Lake views that could be converted into a bed and breakfast or condos. No financial information will be delivered without a bank pre approval or proof of funds.
Details
Maps
Location, Tax & Legal Info
Parcel ID: 061 048.000
Deed Book #: 351
Deed Page #: 169
City Taxes: 0
County Taxes: 4225
Contract Info
List Price/SqFt: 152.19
Foreclosure: No
Short Sale: No
Auction: No
Status: Closed
Listing Price: 925000
Current Price: $920,000
Listing Date: 2020-03-31
General Property Description
Acres: 7.64
Lot Size: IRR
Zoning: Commercial
Stories: 1
Total SqFt Finished: 6078
Total SqFt Unfinished: 0
# Parking Spaces: 75
Annual Lease $: 0
Year Built: 1950
Total SqFt: 6078
Remarks & Misc
Directions: Highway 25E North to left on Lakeshore/TN375 S. Go 8.5 miles and turn left on CardNal Cove. Follow to campground on both sides of road.
Property Condition
Average: 1
Business Type
Recreation: 1
Residential: 1
Restaurant: 1
Exterior Finish
Vinyl Siding: 1
Wood Siding: 1
Other Equipment
Additional Building(s): 1
Cable TV: 1
Exterior Lights: 1
Furniture: 1
Inside Storage: 1
Machinery: 1
Range: 1
Refrigeration: 1
Washer: 1
Other: 1
See Remarks: 1
Roof
Composition: 1
Metal: 1
Road Access
County Road: 1
Electric Service
220 Volts: 1
Development Status
Other: 1
See Remarks: 1
Heating
Central: 1
Electric: 1
See Remarks: 1
Info Available
Aerial: 1
Legal: 1
Profit/Loss Statement: 1
AC
Central Air: 1
Water
Well: 1
Sewer
Septic Tank: 1
Restrictions
Flood Plain: 1
Road Easement: 1
Easements
Flood Zone: 1
Financing
Cash: 1
Conventional: 1
Existing Finance
None: 1
Sale Includes
Other: 1
See Remarks: 1
Location Tax Legal Info
Street #: 1025
Street Name: Cardnal
St Suffix: Cove
County: Grainger
State/Province: TN
Zip Code: 37861
Area: 205 - Grainger County
Status Change Info
Date Pending: 2020-06-22
Sold Date: 2020-10-09
Sold Price: $920,000
Property Features
Property Condition: Average
Business Type: Recreation; Residential; Restaurant
Exterior Finish: Vinyl Siding; Wood Siding
Other Equipment: Additional Building(s); Cable TV; Exterior Lights; Furniture; Inside Storage; Machinery; Range; Refrigeration; Washer; Other; See Remarks
Roof: Composition; Metal
Electric Service: 220 Volts
Development Status: Other; See Remarks
Heating: Central; See Remarks
AC: Central Air
Water: Well
Sewer: Septic Tank
Road Access: County Road
Info Available: Aerial; Legal; Profit/Loss Statement
Restrictions: Flood Plain; Road Easement
Easements: Flood Zone
Financing: Cash; Conventional
Existing Finance: None
Sale Includes: Other; See Remarks
Supplements
Best days for scheduling an appointment to view are Monday thru Thursday. Now that summer is here, the campground is busy on the weekend and most of the cabins are rented. If cabins are occupied, we cannot show them. No showings will be scheduled from May 22 thru May 25 due to Memorial Day weekend traffic.
Listing Office: REMAX Real Estate Ten of Morristown
Last Updated: October - 10 - 2020
Information deemed reliable but not guaranteed.