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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, a private residence with 80′ lake frontage, two vacant lake-front lots, and 6+/- acres of vacant land. The marina has great upside by  adding approved 24 slips (14 x 38 each), new store and visitor center, developing the vacant 6+/- acres, and increasing mooring lines.

Price/Parcel Breakdown

– Marina: $2,000,000 (2+/- acres fee simple plus roughly 13 acres TVA lease)

Additional to the Marina, the following are available:

– 2,944 sq ft Lake-front Residence: $300,000 (0.3 +/- acres w/80’+/- lake frontage)
– Two Vacant Lots: $100,000 ($50,000 each–0.2 acres each)
– Campground: $150,000  (2+/- acres)
– Vacant Land: $150,000 (6+/- acres)

Income sources include:  slips, mooring, dry storage, campground, ship store, fuel sales, floating home rental commission, 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 acres +/- acres of land and roughly 13 acres TVA leas (harbor and shoreline).  It has 10 dry storage spaces, 106 wet slips, 50 buoys & is around 87% occupancy. Most of the slips are covered.

 

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Marketed by Simply Marinas.

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

6000 Poplar Avenue, Ste 201

Memphis, TN 38119