1581 Kentucky Rte 2275 - Paintsville Lake Marina 3,000 SF Specialty Building Offered at $3,668,925 CAD at a 10.19% Cap Rate in Staffordsville, KY 41256

The Marina is located in Paintsville Lake State Park and has 116 covered boat slips and 50 large houseboat slips (with individual electric and internet metering, the marina provides water—it also has a store with a small restaurant space with outdoor seating is included. More slips can be potentially added and demand is there with a 40-person wait list. The plans for expansion have been approved by state according to the owner. This is the only marina on this lake. and the lake water doesn't drop. This lake is Johnson County's water supply. A new gas pump system was recently installed for over 180k. 4 rental pontoon boats, mechanical, and a pump-out boat. No land is included with this sale, a new lease was recently signed with the state. The lease must be approved and assumed by the new owner.
The state park has steep cliffs and wooded coves along the shoreline, this state park lake in eastern Kentucky provides 1,140 acres for your boating, skiing, and fishing pleasure. The park offers three great trail options. Hikers will love the 1.6-mile Kiwanis Trail. The Dawkins Line Rail Trail is open to hikers, bikers, and horseback riders and stretches 18 miles from Johnson County to Magoffin County. The state park owns the RV park next door and they stay booked throughout the year and there is no store there so campers come to the store at the marina and also rent boats or bring boats and rent slips and buy gas for their boats/jetskis.