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Paradise Resort And Marina In Kentucky Lake For Sale

Murray, Kentucky
Asking Price:
$1,600,000 Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
Available on request
Cash Flow:
Available on request

Beautiful Resort located 13 miles from Murray, Kentucky on Kentucky Lake.

7.5 acres with over 1200 feet of waterfront, marina and 17 units including cabins and condos.

3.7 acres (half) the property undeveloped and buyer could add RV pads, additional cabins or campsites

Perfect for owner/operator or developer looking to add RV sites or additional cabins, condos or camp sites.

LEASE PURCHASE option with low down payment to qualified buyers that can be credited against purchase price during term of lease.

SELLER FINANCING available to qualified buyers with down payment. ALL CASH buyer discount available

Revenue and Cash flows available to serious buyers

1 of 3 Resorts on KY Lake with a Permanent Easement from the TVA.

Revenue, Financials and Cash Flows available to all qualified buyers

Property information

Real Estate:

Real Property Included

Living Accommodation:

Owner Operator could occupy one of the current 17 rental units

Location:

Beautiful Secluded Resort located on Kentucky Lake, 13 miles from Murray, KY.
Great for fishing, boating, families, family reunions or just getting away.
Very uncrowded, for safe boating as well as privacy for fisherman.

Premises Details:

We have a park like atmosphere with plenty of trees and water views. At the same time, development can maintain this feel since many trees can be saved providing shade, privacy and a serene atmosphere.

Size in square feet:
326,700
Planning Consent:

We have 1 of 3 Permanent Easements issued by the TVA (Tennessee Valley Authority). This means any buyer can expand and do improvements without having to obtain permission from the TVA. Basically, buyer can make decisions that are in their best interest.

Business Operation

Expansion Potential:

3.7 acres (half) of the property available for expansion and development. RV sites, condos, cabins or camp sites could be added for additional income. Since we decided to market we have not added to our boat rental fleet. Currently, we have two pontoon boats and a wave runner in service. Buyer could increase income by adding additional rental boats.

Competition / Market:

There are nearby Resorts in varying condition. Our property stands out as the most well maintained.

Reasons for selling:

Our primary business is hotels and we are located in St. Louis. We currently have 3 hotels under development in the STL market and simply don not have the time to give the resort the attention it needs. We do not have to sell the resort but it deserves a committed buyer that wants to take the resort to the next level.

Trading hours:

24/7
Buyer at their option can be open year round or close and winterize during Winter months. (November to December)

Employees:
3 to 10 at peak season
Years established:
1940

Other Information

Support & training:

Seller will provide full support and training during transition and available after

Owner financing:
Owner financing is available. Please contact the seller for more information.
Financing available:

Seller will consider seller financing to qualified buyer with 25% down, Market terms and interest rate.
Triple Net Lease with Purchase Option with lower down payment available to qualified buyers.
Upon signing of Lease, Buyer would purchase furniture, fixtures, equipment and inventory for $150,0000. Purchaser would also put up a $50,000 security deposit for a total of $200,000 at signing of Lease. The lease would be anywhere for 3 to 5 years (or longer) but the $200,000 would be credited against the Purchase Price if the buyer exercises their option to Purchase the property.

Furniture / Fixtures value:
$130,000 - included in the asking price
Inventory / Stock value:
$20,000 - included in the asking price
Website:
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