136 S Homestead Ln - Marinas FOR SALE


Lancaster, KY 40444
$3,500,000 USD
559-672-4599
136 S Homestead Ln, Lancaster, KY for Sale
$3,500,000 USD
Marinas - FOR SALE
1/27
null | 10.18% Cap Rate

136 S Homestead Ln
Lancaster, KY 40444


OVERVIEW

Marina Brokerage Advisors, in association with ParaSell Inc., is pleased to present the Herrington Lake Marina as a premier, exclusive investment opportunity. This established, full-service marina is ideally located and operates on fee simple land, providing exceptional long-term stability. The facility offers a diverse revenue stream, including annual wet slip storage, boat rentals, RV sites, and floating cabins. Complementing these core services are a small restaurant and a store that cater to both boaters and general visitors. This offering represents an excellent investment opportunity with significant potential for future growth. New ownership can immediately drive increased revenue through strategic adjustments to slip rates, upgraded amenities, and an expansion of service offerings. Furthermore, a major avenue for value creation is the potential to increase the slip count to better meet the growing demand within this desirable Kentucky lakefront market, alongside further development of the site.

FOR SALE DETAILS

PRICE

$3,500,000 USD

PRICE/SF

$2,188 USD /SF

CAP RATE

10.18%

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Herrington Lake Marina

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Marinas

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1992

SPRINKLERS

-

PARKING SPACES

400

LAND DETAILS

LAND ACRES

4.5 AC

LAND SF

196,020 SF

ZONING

-

APN/PARCEL ID

05C-21.01

ASK ABOUT THIS PROPERTY

Kyle PetersonMarina Brokerage AdvisorsMore Info
559-672-4599

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Kyle PetersonMarina Brokerage AdvisorsMore Info
559-672-4599

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.