Real Estate Auction

Saturday, September 23, 2017 @ 10:00 AM

3025 Rockcastle Road, Cadiz, KY  42211

 

Moon River Marina & Resort

 

FULLY OPERATIONAL MARINA & 15.77 ACRES IN 2 TRACTS

 

UNLIMITED INCOME POTENTIAL!!

 

Real Estate Tracts: Tract 1: Marina & 2.12 Acres with Retail Shop, Restaurant, Cabins, and Camp Sites. Tract 2: 13.65 Acres Magnificent Building Sites for Campground, Condominiums, Homes, and Unlimited Unique Possibilities!

Additionally 6.6 Acres is leased from the Corps of engineers which floats the boat slips and fuel dock. This lease is 25 years and is renewable is 2020.

Marina Includes:

Year Around Water Depth Suitable For Boating.

Electricity/Fresh Water Available At All Slips.

3 Covered Floating Docks With 72 Rental Slips.

Two Covered Road Front Gas Pumps.

Floating Fuel Dock With 2 Pumps And 8 Transient Slips.

All Covered Slips Include 20 Amp. Electrical Hookup In Lease Rate.

6,000 And 10,000 Gallon Tanks Service All Fuel Pumps.

2016 Slip Lease Rate = $1,500.00/Annual, $950.00/6mo, $200.00/Mo, $15.00/Day.

Boat Slip Potential Income Of $108,000.00/annual

Resort Includes:

Marina Office With 4 Bedroom, 1.5 Bath Owners Quarters.

Retail Sales Area For Supplies, Fishing Equipment, Etc.

Restaurant Area With Inside And Covered Outside Seating.

Restaurant Includes Grill And Hood, Walk-In Cooler, Tables, And Chairs.

21 Camp Trailer Sites With 50/30 Amp Hookup And Water.

All Camper Sites Have Unmetered Electrical And Water Hook-Ups.

4 Single Bedroom And 2 Double Bedroom Rental Units.

Current Rental Rate $1,500.00 To $2,300.00 Per Year. Potential Income Of

$39,900.00 Per Year.

2 Bedroom Cabins (2 @ Approx. 700 Sq. Ft.) Currently Rent For $120.00/Day. Potential Income Of $87,600.00.

1 Bedroom Cabins (4 @ Approx. 600 Sq. Ft.) Currently Rent For $100.00/Day. Potential Income Of $146,000.00.

Total Cabin Income Potential $233,600.00

General Information:

Lease Expense Is A Percentage Of Income From Leased Area. Income Up To $50k=2%, Up To $1m + 2.5%, Up To $3m + 3.5%, Up To $4m + 4%, Etc.

Lease, Transferable With Corps Of Engineers Approval, Of Water And Land Including Dock And Campgrounds.

Slips, Fuel Dock, And Ramp Part Of 25 Year C.O.E. Lease Agreement.

Facility Has Its Own State Certified Waste Water Treatment Plant.

Gas Storage Includes 6k And 10k Tanks With EPA Cert. Monitoring Sys.

Alcohol Sales Are Available In Trigg County Through The Proper Applications.

This Property Has Unlimited Income Potential With The Restaurant Sales, Grocery Sales, And Gas Sales From The Covered Fuel Pumps And Floating Fuel Dock.

OPEN HOUSE SEPTEMBER 16TH

FROM 10:00 AM TO 1:00 PM

REAL ESTATE OFFERED AT 10:00 AM

AUCTION HELD ON SITE!

REAL ESTATE TERMS: 15% Down Day Of Sale Balance In 45 Days.  A 10% Buyer’s Premium Will Be Added To The Final Bid & Included In The Contract Price.  Buyer Will Be Required To Sign A Lead Based Paint Disclosure Waiving The Opportunity To A 10 Day Post Sale Inspection. Make Inspections Prior To Date Of Sale.