8.8 ACRES IN GRAND RIVERS, KY

🏡 REAL ESTATE AUCTION

📅 Thursday, July 24th, 2025
🕛 12:00 PM CST
📍 Grand Rivers, KY
Public Preview Dates:
• Monday, July 14th, 10:00 AM – 12:00 PM
• Sunday, July 20th, 1:00 PM – 3:00 PM

🔹 OFFERED IN 3 TRACTS & COMBINATIONS

An outstanding 8.8± acre development and investment opportunity in the heart of Grand Rivers, KY—within walking distance of Patti’s 1880s Settlement, shops, restaurants, and the scenic shores of Kentucky Lake and Lake Barkley, both less than a mile away. With no restrictions, utilities available, and a newly updated city water/sewer system, this property is ideal for residential, commercial, or mixed-use development.

💼 Income-Producing Opportunity

This is a fully operational business offering immediate cash flow from day one. With existing infrastructure including campsites, multiple residential units, and strong tourism traffic in Grand Rivers, the property presents a rare turnkey investment. Potential annual income based on market of $400,200.00 at full occupancy. Current annual income based on full occupancy is $325,200.00. Whether you continue its current use or implement new development plans, the income potential is substantial.

🌐 Auction Details

The auction will be held both online and onsite, rain or shine, allowing buyers from anywhere to participate with confidence.

🌟 Why Grand Rivers?

Nestled between Kentucky Lake and Lake Barkley, Grand Rivers is a thriving tourist destination known for its small-town charm, vibrant local businesses, and year-round recreational opportunities. Home to Patti’s 1880s Settlement, marinas, walking trails, and the Land Between the Lakes, this lakeside town offers consistent visitor traffic and strong economic potential—making it a prime location for short-term rentals, retail ventures, or residential developments. This property’s central location—just 0.5 to 1 mile from both lakeshores—offers unparalleled access to boating, fishing, and water recreation, enhancing its appeal to developers and investors.

🗺 TRACT BREAKDOWN

TRACT 1: Maxwell Street – 6.00± Acres
• 54 Campsites
• 210 Maxwell Street: 3BR/2BA Manufactured Home (Management HQ), granite counters, attached & detached garages
• 216A Maxwell Street: 2BR/1.5BA, laundry room, eat-in kitchen
• 216B Maxwell Street: 2BR/1.5BA, stone fireplace, eat-in kitchen
• Small 1BR cabin with loft (no running water)
• Bath House: laundry, 2 half baths, 2 showers

TRACT 2: 136 Chandler Court – 2.18± Acres
• 1842 Log Cabin: 2BR/2BA, laundry, sunroom, eat-in kitchen, large stone fireplace
• 2BR/1BA Manufactured Home
• Efficiency Apartment: 1BR/1BA open floor plan

TRACT 3: 1664 Twelfth Street – 0.5± Acre
• 1BR/1BA Mobile Home (744 SF) with eat-in kitchen & large side/rear deck

🔧 Property Highlights

• Development Potential – No Restrictions
• Walking Distance to Patti’s, Shops, & City Center
• Adjacent to Tolar Family Land
• Less than 1 Mile to Kentucky Lake & Lake Barkley
• City Upgrades – New Sewer & Water System
• Utilities Available: Natural Gas, Sewer, Electric

TERMS AND CONDITIONS

PROCEDURE: The property will be offered in 1 individual tract.

BUYERS PREMIUM: A 10% Buyer’s Premium will be added to the final bid and included in the deed transaction sale price.

DOWN PAYMENT: 15% as down payment on the day of the auction with balance in cash at closing on or before 30 days. The down payment may be in the form of cashier’s check, personal check, or corporate check. YOUR BIDDING IS NOT CONDITIONAL UPON FINANCING, SO BE SURE YOU HAVE ARRANGED FINANCING, IF NEEDED, AND ARE CAPABLE OF PAYING CASH AT CLOSING.

CLOSING: Closing shall take place on or before 30 days from auction date.

REAL ESTATE TAXES: All 2025 ad valorem taxes will be prorated at closing

SURVEY: The property will be sold by the deed.

DISCLAIMER AND ABSENCE OF WARRANTIES: All information contained in this brochure and all related materials is subject to the Terms and Conditions outlined in the Purchase Agreement. ANNOUNCEMENTS MADE BY THE AUCTION COMPANY AT THE AUCTION PODIUM DURING THE TIME OF THE SALE WILL TAKE PRECEDENCE OVER ANY PREVIOUSLY PRINTED MATERIAL, OR ANY OTHER ORAL STATEMENTS MADE. The property is being sold on an “AS IS, WHERE IS” basis, and no warranty or representation, either express or implied, concerning the property is made by the Seller or Auction Company. Each potential bidder is responsible for conducting his or her own independent inspections investigations, inquires, and due diligence concerning the property. The information contained in this brochure is believed to be accurate but is subject to verification by all parties relying on it. No liability for its accuracy, errors, or omissions is assumed by the Seller or the Auction Company. All sketches and dimensions in this brochure are approximate. Except for any express warranties set forth in the sale documents, purchaser(s) assumes all risks thereof and acknowledges that in consideration of the other provisions contained in the sale documents, Seller and the Auction Company make no warranty or representation, express or implied or arising by operation of law, including an warranty of merchantability or fitness for a particular purpose of the property, or any part thereof, and in no event shall Seller or the Auction Company be liable for any consequential damages. Conduct of the auction and increments of bidding are at the direction and discretion of the auctioneer. The Seller and Auction Company reserve the right to preclude any person from bidding if there is any question as to the person’s credentials, fitness, etc. All decisions of the auctioneer are final.

NEW DATA, CORRECTIONS, AND CHANGES: Please arrive prior to scheduled auction time to inspect any changes, corrections, or additions to the property information.

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