Marina Sold: Smugglers Cove Marina & RV Campground, KY

Price: $1,900,000

Overview

This is a rare opportunity to acquire an 89-slip marina with an 18-pad RV campground on the Ohio River. The land is owned in fee simple and is situated within close proximity of Cincinnati, Louisville, and Indianapolis. Ownership enjoys additional income from fuel sales, a ships store, a small boat rental fleet and a few on-site vacation rentals.

The RV park fronts the Ohio River, offering guest expansive, riverfront views. The marina and cabins are perfectly situated on Craigs Creek, offering marina guests an idyllic, protected, lake-like setting.

Highlights

89 wet slips (covered slips are at full occupancy with a wait list)
Fuel Dock with pump-out station
18 RV pads
4 waterfront and floating lodging rental units
4 rental pontoon boats
Home of the annual Craig’s Creek “Rock The Boat” Raft-Up

The Opportunity

Covered slips are at full occupancy with a wait list, giving ownership plenty of upside opportunity to construct additional slips. The floating cabins are in high demand, so converting some of the slips to floating cabins would bring additional income. There is also plenty of demand to expand the boat rental fleet.

Location

The property is divided by US Hwy 42. The property is located on Craigs Creek, an inlet of the Ohio River, at Mile Marker 530. The property is well situated a half mile above the Markland Dam & Locks, 66 nautical miles and 40 driving miles from downtown Cincinnati; 74 nautical miles and 67 driving miles from Louisville KY and 116 driving miles from Indianapolis. The main RV Campground (13 pads) is located right on Ohio River, directly across from Belterra Casino and Resort. An additional (5) RV spots are located at on the Marina side of the property. The property enjoys the best of both worlds with a riverfront RV park setting and a lake-like setting on Craigs Creek.