180 Lakeland Ridge Rd - Specialty FOR SALE


Bean Station, TN 37708 | 
$6,000,000 USD
423-243-4445
180 Lakeland Ridge Rd, Bean Station, TN for Sale
$6,000,000 USD
Specialty - FOR SALE
1/59
null | Request Cap Rate

180 Lakeland Ridge Rd
Bean Station, TN 37708


OVERVIEW

Info on Lakeland Ridge 4 million: Lakeland Ridge Tiny Home Community | Bean Station, Tennessee Rare opportunity to acquire an established tiny home community in beautiful East Tennessee! Lakeland Ridge is situated on approximately 13 acres and features 52 developed rental lots along with a community clubhouse, with a bar, full kitchen, laundry and tv area. This investment is offering an investor the opportunity to step into an existing income-producing property without the extensive development and infrastructure process associated with starting a community from the ground up. The community currently features two lot-rental tiers, with standard lots renting for $450 per month and upper-level/end lots renting for $550 per month. All 52 lots are developed, creating a current gross lot-rental income of approximately **$312,000 annually**, with additional potential through future rent adjustments as well as added maintenance fees. Residents pay their own individually metered electric and internet, along with a monthly water charge, helping keep operating expenses streamlined. The included clubhouse adds an attractive community amenity and additional value to the property. Not to mention the dog walk area and walking trails on site. Plus you are just a few miles from Cherokee lake, restaurants and the marina. With its established infrastructure, developed lots, existing rental income, and location in **Bean Station, Tennessee**, Lakeland Ridge presents a unique opportunity for investors seeking a turn-key tiny home community in the growing East Tennessee market. **52 Developed Lots | Approx. 13 Acres | Clubhouse | Established Rental Income | Investment Upside** Offered at **$4,000,000**. (last set of photos in the listing - Info on Timbercrest Cottages 2 million: investment & Development Opportunity - East Tennessee Rare opportunity to acquire a partially developed residential community in the growing East Tennessee market. This unique property offers substantial infrastructure already in place along with significant potential for completion, expansion, and long-term income generation. The development is designed to accommodate approximately 84 residential sites, with several sites currently completed and additional room for future expansion. Planning and permitting work has already been completed, providing a strong foundation for an investor or developer to continue the project without starting from the ground up. Once completed and stabilized, the community offers the potential for a strong recurring revenue stream through monthly site rentals. This is an opportunity to step into an established development project, complete the remaining infrastructure, and create a sizeable income-producing community in East Tennessee. Highlights include: * Approximately 84 planned residential sites * Two completed sites * Existing development and infrastructure improvements * Planning/permitting work already completed * Planned reoccurring monthly lot-rental income * Opportunity to complete and customize the remaining development or have the project manager stay on to complete the current vision. * East Tennessee location with access to the region's growing residential and tourism markets **Confidential offering.** Additional property details, location information, development plans, financial projections, and supporting documentation are available to qualified buyers upon request. Proof of funds or financial qualification may be required prior to release of confidential information, along with NDA. Seller is willing to stay on to develop and work with the buyer, if needed.

FOR SALE DETAILS

PRICE

$6,000,000 USD

PRICE/SF

$5,000 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Lakeland Ridge and Timbercrest Cottages

PROPERTY TYPE

Specialty

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2023

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

46.46 AC

LAND SF

2,023,666 SF

ZONING

-

APN/PARCEL ID

023-035.00

ASK ABOUT THIS PROPERTY

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423-243-4445

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Tuesdee DavisTennessee Tuesdee Real EstateMore Info
423-243-4445

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