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BJ Can Help You Purchase This Property
Thank you for choosing Daniel Parker! As one of the Knoxville area's premier Real Estate Brokers, I am uniquely qualified to help you find that perfect property. On the lake, around town or out on a farm. Remember, BJ is here to help!
1534 Cove Lane, Oliver Springs, 37840
Priced At: $1,500,000
Property Details for ID: 1290338
MLS Status: Active
Property Type: Land
On Market Date: 2025-02-18T00:22:43Z
Public Remarks: Exceptional Property Opportunity in Oliver Springs, Bordering Windrock Park! Discover the incredible potential of Hollow Campground, a stunning 24+ acre property offering both natural beauty and strong income-producing capabilities. The campground features 12 full-hookup RV sites, along with four separate rental units already in place, and one additional unit that is unfinished. The duplex includes a shared washer/dryer and a covered porch, while the cabins are each equipped with a full bathroom and kitchenette. There is ample covered outdoor picnic space, complete with wood grills, refrigerators, and picnic tables, perfect for guests to enjoy. A paved road provides easy access to the campsites, with plenty of parking available, and utilities are already on-site. Located in a popular area with year-round visitors, this property offers significant opportunities for continued rental income. With over 24 acres of land, the potential for expansion is limitless. Whether you're looking to add more cabins for investment or create your own tranquil retreat, this property offers endless possibilities.
Schools Information
Elementary School: ********Middle / Junior School: ********
High School: ********
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Directions
From I40: keep right at fork to continue on I-40 W, follow signs for Nashville. Take exit 364 toward Lenior City/Oak Ridge. Turn right ont TN-95 towards Melton Hill Dam. Keep left at fork, follow signs for TN-58 S/Oak Ridge Turnpike. Turn right onto TN-327 N. Follow TN-61 to Alley St/Lookout Avenue. Turn left onto TN-62 W. Turn left onto Greene Rd. Continue onto Cove Lane.
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This is your Principal & Interest Payment only - you will still have to add HomeOwners Insurance and Taxes for a Total Monthly Payment. The Loan Amount Figure is based on a 20% down payment, Private Mortgage Insurance (PMI) is required with less than a 20% down payment. I can provide you with names of Mortgage Loan Officers that will provide you more details on your payment and total down payment requirements.
Four Reasons to Use Daniel Parker
Buying or Selling real estate should be fun and simple. With me, that's exactly what you can expect. I will strive to make each and every interaction a professional and pleasant experience!