TN Marina & RV Park - Great Cash Flow - 10% Cap Rate

Lafollette, TN (Campbell County)

TN Marina & RV Park - Great Cash Flow - 10% Cap Rate
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Asking Price: $3,500,000

Cash Flow: N/A

Gross Revenue: N/A

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Established: N/A

TN Marina & RV Park - Great Cash Flow - 10% Cap Rate

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Business Description

Highlights
• 130 covered wet slips | currently and historically at full occupancy
• 50 buoy/moorings | currently and historically at full occupancy
• 10 dry storage units | currently and historically at full occupancy
• 11 RV sites
• Lake-front residence/vacation rental home
• 2.2+/- acres of fee simple land and roughly 13 acres TVA lease (harbor and shoreline)
• Fuel service - above-ground tank
• Bar/Restaurant
• Ships store
• Pristine, well maintained facility. No deferred maintenance.
• 2018 expansion and renovation (24 additional marina slips, additional and updated gangways, new marina building, common area, laundry, two offices, and a two bed/two bath apartment)

Upside
• Build additional wet slips. The marina is typically at full occupancy
• Introduce additional boats to the rental fleet
• Rent owner's on-site apartment as a vacation rental.

Detailed Information

Location:
Lafollette, TN
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Michelle Ash

Business Listed By:
Michelle Ash

Simply Marinas

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