358 Relax Dr - Specialty FOR SALE
Smithville, TN 37166 |
$4,100,000 USD
321-662-7403
358 Relax Dr
Smithville, TN 37166
HIGHLIGHTS
- Tucked along the shores of the winding Center Hill Lake, the property lies just off of Hwy-56, north of downtown Smithville, Tennessee.
- The property has most recently been used as a retreat/conference center and sits on 167.19± acres.
- 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
OVERVIEW
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.
FOR SALE DETAILS
PRICE
$4,100,000 USD
PRICE/SF
$179 USD /SF
CAP RATE
Request Cap Rate
% LEASED
-
TENANCY
-
SALE TYPE
Investment Or Owner User
BUILDING DETAILS
PROPERTY NAME
Lakeside Retreat/Camp
PROPERTY TYPE
Specialty
TOTAL BUILDING SIZE
-
STORIES
2
BUILDING CLASS
C
YEAR BUILT
1974
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
167.19 AC
LAND SF
7,282,796 SF
ZONING
None
APN/PARCEL ID
013 013.00 026
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321-662-7403
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321-662-7403
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