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Old Hwy 121 - Kentucky Lake Resort & 150 Slip Marina
10,000 SF Speciality Building Offered at £2,765,035 at a 6.03% Net Initial Yield in Buchanan, TN 38222
Investment Highlights
- waterfront resort
- Motel
- Gas Pumps
- full service 150 slip marina 100% occupancy with waiting list
- Restaurant
- Marina Store
Executive Summary
150 Slip Marina 25' to 60' slips 100% occupied with waiting list
100 seat waterfront restaurant all equipment and fixtures
8-unit waterfront motel with furniture
Floating ship store with gas pumps above ground tanks
2-bedroom 1 bath apartment of owners or rental
Concrete Boat Ramp
Pontoon and jet skis rental
Cypress Springs Resort is a full service Marina/Resort. Same family owned since 1968. Located in deep water protected cove of main Kentucky Lake & Tennessee River. This Resort is located in Tennessee & Kentucky the state line divides it. This is a chance of a lifetime to own this beautiful property!!
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | £2,765,035 | Property Type | |
| Price Per SF | £277 | Lot Size | 1.32 AC |
| Sale Type | Investment or Owner User | Building Size | 10,000 SF |
| Net Initial Yield | 6.03% | Number of Floors | 1 |
| Sale Conditions | Year Built | 1968 |
| Price | £2,765,035 |
| Price Per SF | £277 |
| Sale Type | Investment or Owner User |
| Net Initial Yield | 6.03% |
| Sale Conditions | |
| Property Type | |
| Lot Size | 1.32 AC |
| Building Size | 10,000 SF |
| Number of Floors | 1 |
| Year Built | 1968 |
Amenities
- Waterfront
- Air Conditioning
- Fiber Optic Internet
About Old Hwy 121 , Buchanan, TN 38222
150 Slip Marina 25' to 60' slips 100% occupied with waiting list 100 seat waterfront restaurant all equipment and fixtures 8-unit waterfront motel with furniture Floating ship store with gas pumps above ground tanks 2-bedroom 1 bath apartment of owners or rental Concrete Boat Ramp Pontoon and jet skis rental Cypress Springs Resort is a full service Marina/Resort. Same family owned since 1968. Located in deep water protected cove of main Kentucky Lake & Tennessee River. This Resort is located in Tennessee & Kentucky the state line divides it. This is a chance of a lifetime to own this beautiful property!!
-
Rick Moody -
Moody Realty Co., Inc.
Presented by
Old Hwy 121 - Kentucky Lake Resort & 150 Slip Marina
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