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 today for your private showing.
