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Property Description
The marina is a destination vacation spot on Norris Lake, ideal for water sports. It offers an array of full services. In addition to the marina, there is a campground, and a private residence.

Price/Parcel Breakdown:

1) Marina: $2,700,000 (2.2+/- acres fee simple plus roughly 13 acres TVA lease)
2) Boat rental fleet is offered at an additional price. Due to regular fluctuation of rental fleet inventory, offering price for rental fleet is to be determined.

Additional to the Marina, the following are available:

1) 2,944 sq ft Lake-front residence: $300,000 (0.3 +/- acres w/80’+/- lake frontage)
2) Campground: $150,000 (2+/- acres)

Income sources include: slips, mooring, dry storage, campground, ship store, fuel sales, bar/restaurant, management commission from floating home rentals, and miscellaneous lake projects. Froggie’s Patio Bar has a liquor license and is located close to town on Big Creek area of Norris Lake.
The marina encompasses 2.2 +/- acres of land and roughly 13 acres TVA lease (harbor and shoreline). It has 10 dry storage spaces, 106 wet slips, and 50 buoys. Most of the slips are covered. Ownership is currently in process of constructing 24 additional covered slips and a 2,400 sq ft lounge/visitors center with an upstairs apartment.

 

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Marketed by A. Michelle Ash, Simply Marinas

Marketing and Investment Advisors

ash1@simplymarinas.com | 305-439-9481

 

Simply Marinas Affiliate in TN and Local Broker of Record: Andrew Phillips, Colliers International

6000 Poplar Avenue, Ste 201

Memphis, TN 38119

andrew.phillips@colliers.com | 901-375-4800