Investor Alert! Rare opportunity to own an income-producing mobile home park with a private fishing retreat just off Hwy 29 at Exit 149. Washburn Mobile Home Park features 31 rented lots at $300/month each, with a community well and individual septic systems. Located outside Reidsville city limits but within the city’s ETJ, the park operates under grandfathered zoning—expansion requires a Special Use Permit. The 58.8-acre property includes the former Washburn Lake, a beloved fishing spot from 1947–2021, featuring an 8-acre catfish lake, 2-acre carp pond, 1-acre raising pond, and a bait/tackle building. Ideal for investors or fishing enthusiasts, this property offers steady passive income, natural beauty, and potential for revival or expansion. Don’t miss this unique blend of cash flow and outdoor charm! Contact us today for details or to schedule your private tour.
For sale
Price cut: $300K (7/21)
$1,500,000
115 Washburn Lake Rd, Reidsville, NC 27320
--beds
--baths
--sqft
Est.:
Multi Family
Built in 1947
-- sqft lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
- 93 days
- on Zillow |
- 399 |
- 26 |
Zillow last checked: 7 hours ago
Listing updated: July 21, 2025 at 09:57am
Listed by:
Teresa S. Knowles 336-613-8835,
CENTURY 21 THE KNOWLES TEAM
Source: Triad MLS,MLS#: 1181907
Originating MLS: Greensboro

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Heating
- See Remarks
Cooling
- Other
Features
- Has basement: No
- Has fireplace: No
Property
Parking
- Parking features: Driveway
- Has uncovered spaces: Yes
Features
- Pool features: None
- Waterfront features: Pond
Lot
- Size: 58.7 Acres
- Features: Partial Flood Zone
Details
- Parcel number: 148816
- Zoning: RA20R
- Special conditions: Owner Sale
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Condition
- Year built: 1947
Utilities & green energy
- Sewer: Septic Tank
- Water: Public, Well
Community & HOA
HOA
- Has HOA: No
Location
- Region: Reidsville
Financial & listing details
- Tax assessed value: $504,159
- Annual tax amount: $3,341
- Date on market: 5/22/2025
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash,Conventional
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