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Paradise Resort, Kentucky Lake

Joe LaRue No Offer May 21, 2020 250 Email
Offer AmountOffer TypeUserDue Diligence
$690,000 Cash Offer 571***@*****.com 15 Days

Details

Number of rooms 15 Rooming Units
Occupancy Rate 116 guest capacity
Lot Size 7.3 acres +/-
Pool Inground

Description


This picturesque secluded resort sits on 7.3 acres with a permanent easement to Kentucky Lake. It has a total of 15 units that will accommodate up to 116 guests.

Marina:  offers gasoline sales with onsite sales of bait, tackle, snacks. There is a total of 32 slips. The marina also offers boat rentals with 3 pontoon boats that will sell with the property.  An additional 32 slips are planned with new additional dock.

Lake Access:  The property has permanent deeded easement conveyed by the US Government by the Tennessee Valley Authority (TVA) to cross TVA land and gain access to the waters of the Kentucky Lake. There are only 2 other tracts of land with such an easement in Marshall County and none in Calloway County.

Additional sources of Income potential:

·         The option to add 10 more condominiums to the property

·         The option to double the size of the marina dock

·         The option to add an RV park to the property

·      Expandable boat and jet sky rentals

·      Additional areas for Primitive camping options 


Look over the pictures and register on this site to view and download the property financials and to be able to make offers on this beautiful Kentucky Lake property!  Property is open for Viewing APRIL 17,18 & 19th. All DAY.

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