Sale Creek Marina

Special Purpose for Sale
Catylist Listing ID: 30538907
Property Subtypes: Marina
Building Size (RSF): 3,748 SF
Gross Building Area: See Agent
Gross Land Area: 8 Acres
Sale Price: $1,675,000
Property Use Type: Investment
Sale Terms: Cash to Seller, Other
Cap Rate: Undisclosed
Last Updated: 12/11/2019

Overview / Comments

One-of-a-kind retirement lifestyle opportunity! Imagine... owning a pristine waterfront location with a boutique marina of 100 slips. Imagine... creating a unique waterfront destination for outdoor enthusiasts. Imagine... receiving passive income for your retirement plan. Welcome to Sale Creek Marina in Soddy Daisy Tennessee. Sale Creek Marina has been owned and operated since the 1980's by a single owner who has remained committed to servicing the sailing community. Located within 2 minutes of the main Tennessee River channel and within 30 minutes of downtown Chattanooga. Currently 60% to 70% occupied, this 100-slip marina offers equipment including a Marine Travelift to haul boats out of the water, as well as a barge for dock building. The marina includes over 5 acres creating the potential for a cabin community where rentals could enhance the profits as much as $15,000 to $30,000 per month. The current owner has already obtained an assignable expansion plan of 200 slips. An ideal location exists for the addition of a restaurant to serve the boating community and the surrounding 1,500+ waterfront homes. In addition, there is ample room to initiate kayak and paddle board rentals for another potential revenue stream of up to $50,000 per year. Current gross annual income with boat slips and service work is $215,000. With the additional potential development expansion the gross annual income could be well over $600,000. Available for an additional $275,000 is your retirement home nestled above the marina. If you're an outdoor enthusiast looking to create a wonderful retirement nest egg, this is an ideal and thoroughly rewarding investment opportunity. Call today for your private showing.

Additional Details

Nearest MSA: Chattanooga
County: Hamilton
Tax ID/APN: 022 005.02
Zoning: A-1
Legal Description: Lee Pike Sale Creek Marina

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 3,293 10,678
Median Age: 44.4 44.3
Households: 1,277 4,132

Contact

Photograph of Listing Agent

Grace Frank

Real Estate Partners Chatt LLC Greater Chattanooga REALTORS® Member
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