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$ 1,800,000
Est. payment /mo
Active
115 Washburn Lake RD Reidsville, NC 27320
58.8 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
MLS Listing ID 1181713
HOA Y/N No
Lot Size 58.800 Acres
Acres 58.8
Property Sub-Type Investment
Source Triad MLS
Property Description
Investor Alert! Catfish and Carp Enthusiasts Welcome! Discover a unique opportunity to generate steady income while enjoying a recreational area. This property has easy access to Highway 29 at Exit 149. Washburn Mobile Home Park has 31 rented lots, each generating $300 in monthly income, two requiring new septic systems, potential for 33 rentable lots. Community well with septic systems. Washburn Lake was a cherished fishing & tournament spot from 1947 to its closure in 2021. The lake spans 58.8 acres and features three ponds: an approximately 8-acre catfish lake, a 2-acre pond for carp, and a 1-acre pond for raising. A small building at the large Lake was previously used for selling bait & tackle. The property is outside the Reidsville city limits but within the City's (ETJ). The mobile home park is a grandfathered use, established before local zoning ordinances. If the park is to be expanded, the owner must apply for a special use permit to comply with the latest zoning regulations.
Location
State NC
County Rockingham
Exterior
Landscape Description Natural Land,Partially Wooded,Pond,Remarks,Waterview
Building
Lot Description Natural Land, Partially Wooded, See Remarks
Sewer Septic Tank
Water Private
New Construction No
Others
Special Listing Condition Owner Sale
Listed by Teresa S. Knowles of CENTURY 21 THE KNOWLES TEAM