Herrington Lake Boat Storage Published Reserve Online Auction

Highlights:

• Sole Boat Storage and Repair Business opportunity- Lake Herrington
• 1.4 acres, 6,000 sf building, and 7,000 sf of slips per PVA
• Some income, but value add opportunity for investor or business owner
• Only Commercial property in the Neighborhood, and no more allowed
• Extra acreage owned next door to build homes owned by the seller as well.

Description:

SVN Stone Commercial Real Estate & SVN Auction Services are pleased to offer this unique property and sole Boat Storage opportunity next to Herrington Lake Marina. The property is being sold at Published Reserve Auction.

This property at 171 South Homestead Lane in Lancaster, Kentucky is the only commercial property allowed in the neighborhoods surrounding the Marina and development. The boat storage buildings sit on 1.4 acres, and have had an out of town owner, managed locally that previously did minor repairs, and offers lower rents for the 30 existing slips for the locals. There is tremendous upside here for the repair, and storage, and potentially for a concierge side of the business for owners. There is an extra 4 acres next door if building a home or homes, owned by the seller as well.

The online auction opens for bidding on May 15th and begins to close at 4 pm on May 22nd. Again, this is a Published Reserve Auction meaning the property sells to the highest bidder at or above $499,000. It was previously list at at $650,000 so this opening bid is more than a $150,000 savings!



Take Settlement Drive North West to Homestead Lane, turn left and the boat storage will be on your left.

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