Tennessee Mountain Camp

Hospitality for Sale
Catylist Listing ID: 30266300
Property Subtypes: Bed & Breakfast, Recreation Cabins, Resort
Number of Units: 34 Units
Building Size (RSF): See Agent
Gross Building Area: See Agent
Gross Land Area: 200 Acres
Sale Price: $2,100,000
Unit Price: $61,764.71 Per Unit
Property Use Type: Investment, Business
Name of Establishment: Cherokee Cove
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 5/9/2018

Overview / Comments

Excellent opportunity to own a Tennessee high country camp, known as Cherokee Cove, settled in the mountains of East Tennessee. The new owner may continue to run the camp as-is or make it their own. The land offers 200 acres of serenity, seclusion and the ability to escape from the ever changing fast pace culture of our modern world, and adjoins the Cherokee National Forest to provide infinite privacy. There are 34 buildings on the property that currently house 138 beds, as well as other structures such as covered camping platforms, stages and bath houses. The buildings include a 5000 sf main conference center and a smaller secondary conference center surrounded by seven cabins. This portion of the camp is connected with a 600' boardwalk and blends you right into the surrounding environment. The accommodations range from 1 to 3 bedrooms. The one bedroom cabins include a comfortable room and full bath. The two and three bedrooms offer a full bath as well as a full kitchen. One cabin was built for ADA compliance while another cabin is completely off the grid and is a quarter of a mile away from the main stay. The property consists of over 6.5 miles of walking trails, five natural springs flowing out of the mountain (clean artisan water), three wells, over one hundred edible plant species, mature hardwood forests, a trout filled pond, orchards and much more! The property lends itself to being a retreat, camp, private compound and/or a hunters dream with an excellent source of wildlife. The camp has been in operation for over 17 years and has an outstanding reputation amongst its followers.

Additional Details

Nearest MSA: Johnson City
County: Johnson
Tax ID/APN: 093 002.00, 093 002.00
Retail Clientele: Family, Traveler, Tourist, Recreation, Convention
Property Located Between: Mountain City, TN and Boone, NC
Largest Nearby Street: Locust Gap road
Airports: Tri Cities
Site Description: 200+- acres of mostly wooded, rolling topography. Property lies as a large valley with a stream through the middle of it.
Area Description: Property sits on the TN/NC line and adjoins Cherokee National Forest.
Nearby Attractions: Boone, NC, Cherokee National Forest
Total Number of Buildings: 34
Number of Stories: 2
Property Condition: Good
Parking Type: Surface
Sprinklers: None
Laundry: Shared
Heat Type: Electricity, Propane
Water Service: Well
Sewer Type: Septic

Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 2,552 7,513
Median Age: 44.09 43.86
Households: 1,073 3,257

Contact

Photograph of Listing Agent

Thomas Krajewski

National Land Realty KAAR CIE Member
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