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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
Real Property Included
Owner Operator could occupy one of the current 17 rental units
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.
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.
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.
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.
There are nearby Resorts in varying condition. Our property stands out as the most well maintained.
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.
Buyer at their option can be open year round or close and winterize during Winter months. (November to December)
Seller will provide full support and training during transition and available after
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.
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