Investment Opportunity: Marina, RV's,Trailers, Cabins

Special Purpose for Sale
Catylist Listing ID: 30484796
Property Subtypes: Marina
Building Size (RSF): 9,000 SF
Gross Building Area: See Agent
Gross Land Area: 9.50 Acres
Sale Price: $1,200,000
Property Use Type: Investment, Vacant/Owner-User
Usable Size (USF): 9,000 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/10/2019

Overview / Comments

A MUST SEE; this well maintained Marina/RV Park situated on 9.5 acres with tremendous views located on a calm deep water cove on Watts Bar Lake off the beautiful Tennessee River.

The property contains a beautifully appointed 2 BR home surrounded by coordinating Cabins (four 1 BR cabins and one 2 BR cabin), Marina Office, Bathhouse and a Clubhouse/Restaurant. Additional lodging includes four 2 BR and one 3 BR Mobile Homes. All lodging is complete with wonderful furnishings.

There are also 26 RV slots with power, water and sewage and 16 additional slots which only need RV pad installation.

The marina includes 2 covered docks offering 28 slips, a single covered slip with hoist and 23 uncovered slips. There is an additional dock available in need of repair that would provide another 10 slips. Currently, the Marina is only utilizing 1.6 acres of the TVA allotted 3.9 acres of boat slip development.

There is a perfect location on the property for the development of a Dry Boat Storage location or additional RV Hookups.

Additional Details

Nearest MSA: Athens
County: Meigs
Tax ID/APN: 061014D A 00301
Zoning: COMMERCIAL
Property Located Between: Hwy 304 and Sam's Boat Dock Road
Largest Nearby Street: Hwy 304
Highway Access: 20 minutes to I-75 and I-40
Airports: Chattanooga Airport
Site Description: Beautiful lake front property on Watts Bar Lake.
Area Description: Serene country setting with residential lake homes.
Total Number of Buildings: 12
Number of Stories: 1
Property Condition: Good
Year Built: 1958
Year Renovated: 1990
Parking Type: Other
Parking Description: Gravel parking
Water Service: Municipal
Sewer Type: Septic

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 1,647 7,072
Median Age: 43 48.02
Households: 668 2,906

Contact

Photograph of Listing Agent

Joe M Pleva

KW Commercial Greater Chattanooga REALTORS® Member
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