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.