680 Blue Springs Rd - Marinas FOR SALE


Speedwell, TN 37870
$2,600,000 USD
813-269-1144
680 Blue Springs Rd, Speedwell, TN for Sale
$2,600,000 USD
Marinas - FOR SALE
1/7
null | 10% Cap Rate

680 Blue Springs Rd
Speedwell, TN 37870


HIGHLIGHTS

  • Price: $2,600,000 / 10.00% CAP / Current Year Rents
  • 14.66 +/- acres, including 6.2+/- acres of development land
  • Development land for RV or residential. (785 feet +/- of water frontage)
  • 158 Slips, 67 Moored Houses, 39 RV Pads
  • VALUE-ADD OPPORTUNITY – Add 80 or more Slips and RV Pads

OVERVIEW

Marina Description: We proudly present the opportunity to acquire Blue Springs Boat Dock. You will purchase the title to four docks consisting of 158 slips, 4 PWC slips, 67 Moored Houseboats, and 39 RV Pads, totaling 268 rental units annually rented; a ship store, a gas dock, and three rental boat slips docked next to the ship store. Uplands are fee simple, including 2.35 acres in front of the marina. Location: in the Northeast of beautiful Norris Lake in North/Central Tennessee. 680 Blue Springs Rd, Speedwell, TN. The site is approximately 5 miles south of Highway 63, 20 miles east of La Follette at US Highway 25E, and 30 miles northeast of Exit 134 on I-75. In a June 12, 2024, USA Today article, their readers rated the top 10 best and the cleanest lakes, and Norris was rated 4th in the country. Value-Add Investment Opportunity: This is offered at an attractive 10% Cap return based on 2025 rents, 80% occupied as of February 1, 2025. The owner just completed 40 new slips going through rent-up.

FOR SALE DETAILS

PRICE

$2,600,000 USD

PRICE/SF

$1,625 USD /SF

CAP RATE

10%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Blue Springs Boat Dock

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Marinas

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1974

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

8 AC

LAND SF

348,480 SF

ZONING

-

APN/PARCEL ID

006F-A-031.00-001,006F-A-031.00-002,006F-A-042.00

ASK ABOUT THIS PROPERTY

Steven EkovichLeisure Investment Properties GroupMore Info
813-269-1144

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Steven EkovichLeisure Investment Properties GroupMore Info
813-269-1144

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