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For sale
  • Price cut: $300K (7/21)
    $1,500,000

    115 Washburn Lake Rd, Reidsville, NC 27320

    --beds
    --baths
    --sqft
    : 
    Multi Family
    Built in 1947
    -- sqft lot
    $-- Zestimate®
    $--/sqft
    $-- HOA

    What's special

    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.
    93 days
    on Zillow
    |
    399
    |
    26
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    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#: 1181907MLS LogoOriginating MLS: Greensboro
    Travel times

    Tour with a buyer's agent

    We'll find a local expert to take you on a private tour of 115 Washburn Lake Rd.

    Next available tour time:Today at 11am

    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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