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358 Relax Dr - Lakeside Retreat/Camp 22,901 SF Specialty Building Offered at $5,530,613 CAD in Smithville, TN 37166
Investment Highlights
- Tucked along the shores of the winding Center Hill Lake, the property lies just off of Hwy-56, north of downtown Smithville, Tennessee.
- Main lodge w/ conference spaces/offices, a cafeteria area w/ commercial kitchen, guest houses, a picnic area, a pool, and a dock on the lake
- The property has most recently been used as a retreat/conference center and sits on 167.19± acres.
Executive Summary
The 167± acres is currently leased from the Army Corps of Engineers (ACE) for $1 per year until October 30th, 2042. The ACE is open to extending the ground lease depending on the user but for no more than 25 years total. The buyer needs to be a 501(c3) corporation and must operate a business that promotes education and/or recreation.
Property Facts
| Price | $5,530,613 CAD | Building Class | C |
| Price Per SF | $241.50 CAD | Lot Size | 167.19 AC |
| Sale Type | Investment or Owner User | Building Size | 22,901 SF |
| Property Type | Specialty | No. Stories | 2 |
| Property Subtype | Lodge/Meeting Hall | Year Built | 1974 |
| Zoning | None | ||
| Price | $5,530,613 CAD |
| Price Per SF | $241.50 CAD |
| Sale Type | Investment or Owner User |
| Property Type | Specialty |
| Property Subtype | Lodge/Meeting Hall |
| Building Class | C |
| Lot Size | 167.19 AC |
| Building Size | 22,901 SF |
| No. Stories | 2 |
| Year Built | 1974 |
| Zoning | None |
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358 Relax Dr - Lakeside Retreat/Camp
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