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Tennessee River

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Property ID:10552
Price:$2,000,000
State:Tennessee
County:Wayne
Acres:210

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Description

150 Buildable acres remaining (Could be Divided) 

300 ( aprox.) lots sold at WHOLESALE –  $10,000 ea. = $3,000,000
254 of these lots laid out by Cad machine.
38 of these lots are on the water, health approved and surveyed.
100 acres, wooded, to be divided into approximately 50 lots, some with river views.

Corps. of Engineers and TVA approved marina permit for 135 covered slips
(7 years tax depreciation on all assets on the water – contact your CPA for verification for your tax Situation). 
All marina in the area have waiting lists, especially for large slips.  Pickwick State Park Marina has at least 200 on their waiting list.
Grand Harbor marina charges $16.00 per ft.

Along with the marina project, there will be property on marina and river out of the 500 year flood plain that could be used for residential, condo contructions, etc.

Also available is an ideal location on a bluff overlooking the river for construction of a large lodge, restaurant and conference center. NI zoning.

Other uses for part of the land could be an up-scaled RV Park.

According the Corps. of Engineers, approximately 2100 transient boats pass through the locks each Year going north and south through the great loop.

Five miles to local 5000 ft runway.  $2.4 million grant awarded to repave runway an add lights.

Five miles to Jack Nicklaus designed championship golf course.  Another 18 hole golf course only 25 miles away by boat.

Income possibilities: Owner financing, lot sales, home construction, river tours, fishing tournaments, boat and trade shows, boat and rv sales, golf tours and possible time share opportunities.

This is the only private facility of this kind on the Tennessee River as most are leased from the TVA: and, being a private facility and falls under the TN Resort Act for beer & Liquor sales. 

40 minutes from I-40, two hours to Nashville airport and three hours to memphis airport.  We are approximately within 600 miles of three quarters of the population of the U.S. Two days to Mobile Bay by water, 7 days to Miami and 4 to Great Lakes.  160 navigable waterways between dams.  Within a 50-mile radius surrounding Beechview, more than 350 major employers with 100 or more employess.

Options- Purchase property with marina permit for $1,800,000.  Possible partnership subdivide land into sections by purchasing Marina, RV, Lodge and Building sites individually. 

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