680 Blue Springs Rd
Speedwell, TN 37870
Blue Springs Boat Dock · Specialty Property For Sale
·
1,600 SF
INVESTMENT HIGHLIGHTS
- Price: $2,600,000 / 10.00% CAP / Current Year Rents
- Development land for RV or residential. (785 feet +/- of water frontage)
- VALUE-ADD OPPORTUNITY – Add 80 or more Slips and RV Pads
- 14.66 +/- acres, including 6.2+/- acres of development land
- 158 Slips, 67 Moored Houses, 39 RV Pads
EXECUTIVE SUMMARY
Marina Description: We proudly present the opportunity to acquire Blue Springs Boat Dock. You will purchase the title to four docks consisting of 158 slips, 4 PWC slips, 67 Moored Houseboats, and 39 RV Pads, totaling 268 rental units annually rented; a ship store, a gas dock, and three rental boat slips docked next to the ship store. Uplands are fee simple, including 2.35 acres in front of the marina.
Location: in the Northeast of beautiful Norris Lake in North/Central Tennessee. 680 Blue Springs Rd, Speedwell, TN. The site is approximately 5 miles south of Highway 63, 20 miles east of La Follette at US Highway 25E, and 30 miles northeast of Exit 134 on I-75. In a June 12, 2024, USA Today article, their readers rated the top 10 best and the cleanest lakes, and Norris was rated 4th in the country.
Value-Add Investment Opportunity: This is offered at an attractive 10% Cap return based on 2025 rents, 80% occupied as of February 1, 2025. The owner just completed 40 new slips going through rent-up.
Location: in the Northeast of beautiful Norris Lake in North/Central Tennessee. 680 Blue Springs Rd, Speedwell, TN. The site is approximately 5 miles south of Highway 63, 20 miles east of La Follette at US Highway 25E, and 30 miles northeast of Exit 134 on I-75. In a June 12, 2024, USA Today article, their readers rated the top 10 best and the cleanest lakes, and Norris was rated 4th in the country.
Value-Add Investment Opportunity: This is offered at an attractive 10% Cap return based on 2025 rents, 80% occupied as of February 1, 2025. The owner just completed 40 new slips going through rent-up.
PROPERTY FACTS
| Sale Type | Investment |
| Cap Rate | 10% |
| Property Type | Specialty |
| Property Subtype | Marina |
| Building Class | B |
| Lot Size | 8.00 AC |
| Building Size | 1,600 SF |
| No. Stories | 1 |
| Year Built | 1974 |
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $173,560 | |
| Land Assessment | $16,000 | Total Assessment | $189,560 |
