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- LoopNet Team
171 Homestead ln
Lancaster, KY 40444
Auction | Herrington Lake Boat Storage · Land For Sale
·
1.40 AC
Investment Highlights
- Published Reserve Online Auction
- Sells to the Highest Bidder Above $499,000!
- 1.4 acres, 6,000 sf building, and 7,000 sf of slips per PVA
- May 15th - 22nd
- Sole Boat Storage and Repair Business opportunity- Lake Herrington
- Some income, but value add opportunity for investor or business owner
Property Facts
| Property Type | Land | Proposed Use | Commercial |
| Property Subtype | Commercial | Total Lot Size | 1.40 AC |
| Zoning | Commercial - Commercial | ||
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Commercial |
| Total Lot Size | 1.40 AC |
| Zoning | Commercial - Commercial |
Description
SVN Stone Commercial Real Estate & SVN Auction Services are pleased to offer this unique property and sole Boat Storage opportunity next to Herrington Lake Marina. The property is being sold at Published Reserve Auction. This property is the only commercial property allowed in the neighborhoods surrounding the Marina and development. The improvements sit on 1.4 acres, and have had an out of town owner, managed locally that previously did minor repairs, and offers lower rents for the 30 existing slips for the locals. There is tremendous upside here for the repair, and storage, and potentially for a concierge side of the business for owners. There is an extra 4 acres next door if building a home or homes, owned by the seller as well. The online auction opens for bidding on May 15th and begins to close at 4 pm on May 22nd. Again, this is a Published Reserve Auction meaning the property sells to the highest bidder at or above $499,000. It was previously list at at $650,000 so this opening bid is more than a $150,000 savings!
