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Old Hwy 121 - Kentucky Lake Resort & 150 Slip Marina 10,000 SF Specialty Building Offered at $4,426,848 CAD at a 8.77% Cap Rate in Buchanan, TN 38222
INVESTMENT HIGHLIGHTS
- Waterfront resort with concrete boat ramp pontoon and jet skis rental.
- 8-unit waterfront motel with furniture.
- Floating ship store with gas pumps above ground tanks.
- Full service 150 slip marina 100% occupancy with waiting list.
- 100 seat waterfront restaurant all equipment and fixtures.
- 2-bedroom 1 bath apartment of owners or rental.
EXECUTIVE SUMMARY
Contact Rick Moody directly 731-336-9077, rick@moodyrealty.com
150 Slip Marina 25' to 60' slips 100% occupied with waiting list; including a restaurant, motel, and marina store with gas pumps.
Slip rental amounts were increased Feb 2025 so the 2025 gross income should reflect additional $40,000 income.
150 Slip Marina 25' to 60' slips 100% occupied with waiting list; including a restaurant, motel, and marina store with gas pumps.
Slip rental amounts were increased Feb 2025 so the 2025 gross income should reflect additional $40,000 income.
FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
AMENITIES
- Waterfront
- Air Conditioning
- Fiber Optic Internet
ABOUT OLD HWY 121 , BUCHANAN, TN 38222
Cypress Springs Resort is a full service Marina/Resort. Same family owned since 1968.Full service 150 slip marina 100% occupancy with waiting list, Floating ship store with gas pumps above ground tanks, 100 seat waterfront restaurant all equipment and fixtures, 8-unit waterfront motel with furniture,2-bedroom 1 bath apartment of owners or rental, Located in deep water protected cove of main Kentucky Lake & Tennessee River. This Resort is located in Tennessee & Kentucky the state line divides it. This is a chance of a lifetime to own this beautiful property!!
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PROPERTY TAXES
| Parcel Number | 106-0-0010 | Improvements Assessment | $0 CAD (2024) |
| Land Assessment | $0 CAD (2024) | Total Assessment | $1,994,177 CAD (2024) |
PROPERTY TAXES
Parcel Number
106-0-0010
Land Assessment
$0 CAD (2024)
Improvements Assessment
$0 CAD (2024)
Total Assessment
$1,994,177 CAD (2024)
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Old Hwy 121 - Kentucky Lake Resort & 150 Slip Marina
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