Marina

Flat Hollow Marina

185 Flat Hollow Circle Drive, Speedwell, TN 37870

Listing Price: $5,250,000

Cap Rate
10.26%
Number of Rooms
30
Gross SF
4,284
Price/Room
$175,000
Price/Gross SF
$1,225.49
Year Built
1969

Investment Overview

Marcus & Millichap is pleased to exclusively offer Flat Hollow Marina & Resort (“Flat Hollow”), a 172-slip, marina on Norris Lake. In addition to the wet slips, Flat Hollow offers 89 floating house mooring points (24 floating homes under management), a 4,300 SF waterfront restaurant (with liquor and beer license), 7 vacation rentals (3 chalets, 1 A-frame, and 3 homes) and a 7-boat rental fleet. The property is one of the largest marinas on Norris Lake and is located just an hour North of Knoxville, making the marina a convenient choice for boaters from both Knoxville, KY and Ohio. With the property receiving capital improvements consistently over the years, Flat Hollow Marina & Resort is being offered at $5,250,000.

Investment Highlights

  • Rare Opportunity to Own One of the Largest Marinas on Norris Lake!!
  • 172 Floating Wet Slips (Majority Built New in 2015) | 89 Mooring Points | 24 Floating Homes
  • 50% of NOI is Generated from the Marina Operation (Storage, Fuel Sales, Ship's Store, etc.)

Exclusively Listed By

Listing Price: $5,250,000

Cap Rate
10.26%
Number of Rooms
30
Gross SF
4,284
Price/Room
$175,000
Price/Gross SF
$1,225.49
Year Built
1969

Investment Highlights

  • Rare Opportunity to Own One of the Largest Marinas on Norris Lake!!
  • 172 Floating Wet Slips (Majority Built New in 2015) | 89 Mooring Points | 24 Floating Homes
  • 50% of NOI is Generated from the Marina Operation (Storage, Fuel Sales, Ship's Store, etc.)

Investment Overview

Marcus & Millichap is pleased to exclusively offer Flat Hollow Marina & Resort (“Flat Hollow”), a 172-slip, marina on Norris Lake. In addition to the wet slips, Flat Hollow offers 89 floating house mooring points (24 floating homes under management), a 4,300 SF waterfront restaurant (with liquor and beer license), 7 vacation rentals (3 chalets, 1 A-frame, and 3 homes) and a 7-boat rental fleet. The property is one of the largest marinas on Norris Lake and is located just an hour North of Knoxville, making the marina a convenient choice for boaters from both Knoxville, KY and Ohio. With the property receiving capital improvements consistently over the years, Flat Hollow Marina & Resort is being offered at $5,250,000.

Exclusively Listed By

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