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107 Lay Hollow Rd, 
Sharps Chapel, TN 37866

$2,700,000


—

Bed


—

Bath


1,624

Sq Ft


Multi-Family

Active

Listed by

Tony Puglisi

, 

Drew Lekowski

Mrg Realty Partners

651-900-4386

Last updated:

October 3, 2026, 03:06 PM

MLS#

3250984

Source:

NASHVILLE

About This Home

107 Lay Hollow Rd

Rare mixed-use investment portfolio featuring two income-producing assets in Union County, TN, located approximately 10 minutes apart. This diversified investment includes campground/RV income, multifamily, self-storage, residential rentals, and ancillary revenue with immediate upside and future expansion potential. Portfolio now offered at $3,800,000. The seller has agreed to complete the current expansion as part of the sale, including 14 new campground pads at Sharps Chapel and 7 new camper/RV pads at the Maynardville property. Upon completion, projected annual NOI increases by $138,600 to approximately $491,424, representing a 12.93% projected cap rate at the asking price. Sharps Chapel Campground (107 Lay Hollow Rd) features 43 long-term campground sites, 52 self-storage units, an on-site laundromat, and a 1,624 SF (3BR/1BA) home. The campground is approximately 90% occupied with stable long-term tenants. The included 14-pad expansion is currently under construction, and the seller will remain involved after closing to complete the project. The property also offers future potential to add 25 additional RV parking spaces. 6367 Maynardville Highway includes a 5-unit apartment building, two single-family homes, two mobile homes, and five self-storage units. As part of the sale, the seller will complete 7 new camper/RV pads, creating additional income while preserving future development opportunities. Investment highlights include diversified income streams, established long-term occupancy, seller-funded expansion included in the purchase, projected NOI of $491,424, and a 12.93% projected cap rate. Located near Norris Lake in the growing East Tennessee market, this portfolio offers stabilized cash flow, immediate value-add through the included expansion, and long-term upside through future RV development.

Home Facts

Multi-Family

Built in 1963

Subdivision & Development:

None

Price Summary

2,700,000

$1,662 per Sq. Ft.

MLS #:

3250984

Last Updated:

October 3, 2026, 03:06 PM

Added:

5 month(s) ago


Rooms & Interior

Interior

Living Area:

1,624 Sq. Ft.


Structure

Structure

Building Area:

1,624 Sq. Ft.

Year Built:

1963


Finances & Disclosures

Finances

Price:

$2,700,000

Price per Sq. Ft:

$1,662 per Sq. Ft.

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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.