3900 Lee Pike, Soddy Daisy, TN 37379
Commercial property for lease
- Description
- Imagine... owning a pristine waterfront location with a boutique marina of 100 slips. Imagine... creating a unique waterfront destination for outdoor enthusiasts. Imagine... receiving passive income for your retirement plan. Welcome to 3900 Lee Pike in Soddy Daisy Tennessee. Step back in time to a simpler time and picture yourself sailing on calm waters. Sale Creek Marina has been owned and operated since the 1980's by a single owner who has remained committed to servicing the sailing community. Located within 2 minutes of the main Tennessee River channel and within 30 minutes of downtown Chattanooga. Currently 60% to 70% occupied, this 100-slip marina offers equipment including a Marine Travelift to haul boats out of the water, as well as a barge for dock building. The marina includes over 5 acres creating a cabin community for rentals to enhance the profits as much as $15,000 to $30,000 per month. The current owner has already obtained an assignable expansion plan of 200 slips. An ideal location exists for the addition of a restaurant to serve the boating community and the surrounding 1,500+ waterfront homes. In addition, there is ample room to initiate kayak and paddle board rentals for an another potential revenue stream of up to $50,000 per year. Current GMI with boat slips and service work is $215,000 per year. With the additional potential development expansion the GMI could be well over $600,000 per year. If you're an outdoor enthusiast looking to create a wonderful retirement nest egg, this is an ideal and thoroughly rewarding investment opportunity. Call for your private showing today.
- Property Details
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Property Type: Commercial (Other) Status: Available Price: $ 1,900,000 Lot Size: 8.000 Acres Submarket: Marina MSA: Chattanooga Buildings: 1 Terms: Cash to Seller Added: 12/04/2017 Last Update: 03/22/2018 - Contact info
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Grace Frank Real Estate Partners Chatt LLC
- Note
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