140 Terrace Ridge Dr - Specialty FOR SALE


Franklin, NC 28734
$1,200,000 USD
252-286-6596
140 Terrace Ridge Dr, Franklin, NC for Sale
$1,200,000 USD
Specialty - FOR SALE
1/16
null | Request Cap Rate

140 Terrace Ridge Dr
Franklin, NC 28734


HIGHLIGHTS

  • Fully remodeled in 2021.

OVERVIEW

Turnkey business, we own and operate the campground from 6+ hours away. Three Land parcels included: #1 is 6.7 acres, #2 is 1.24 acres, #3 is 1.08 acres for a total of 9.02 acres. There are multiple buildings on the property: Approx. 800 sq. ft Camp Store, 800 sq. ft Workshop, Pheonix Cabin (800 sq. ft), Bear Cub Cabin (650 sq. ft), 750 sq. ft singlewide, 600 sq. ft Bathhouse, 100 sq. ft Pool House, and 364 sq. ft RV that can be rented out. Total Square Footage: 4860 Deed info Q-40/1532. Approx. $6800 in reservations for camping season 2025 already, some of this is payment in full and some are 30% deposit which is to be paid in full on March 1, 2025. 36 total sites included RV, tent, water & electric, cabins, & wagons. 2 acres not developed yet. We did not have any storm damage from Hurricane Helene. We are about an hour and ten minutes west of Asheville. We only stay open March - November but it could be a year-round campground. Also, we only do vacation stays and no extended stay. Our camp host stays year-round on the property, and we also have a part-time cleaning person. Fully remodeled in 2021 (see notes below). I have 2021 - 2023 financials and currently in the process of obtaining 2024. Gross annual income approx. 250k-220k (2021-2023)

FOR SALE DETAILS

PRICE

$1,200,000 USD

PRICE/SF

$247 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY NAME

Rose Creek Campground & Cabins

PROPERTY TYPE

Specialty

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1985

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

9.02 AC

LAND SF

392,911 SF

ZONING

R

APN/PARCEL ID

6587502504

ASK ABOUT THIS PROPERTY

Shelby HarrisonNed T Grady LLCMore Info
252-286-6596

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Shelby HarrisonNed T Grady LLCMore Info
252-286-6596

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.