Listings
Marina Description: We proudly present the opportunity to acquire Blue Springs Boat Dock. You will purchase the title to four docks consisting of 158 slips, 4 PWC slips, 67 Moored Houseboats, and 39 RV Pads, totaling 268 rental units annually rented; a ship store, a gas dock, and three rental boat slips docked next to the ship store. Uplands are fee simple, including 2.35 acres in front of the marina.
Location: in the Northeast area of beautiful Norris Lake in North/Central Tennessee. 680 Blue Springs Rd, Speedwell, TN. The site is approximately 5 miles south of Highway 63, 20 miles east of La Follette at US Highway 25E, and 30 miles northeast of Exit 134 on I-75. In a June 12, 2024 USA Today article that rates the top 10 best and cleanest lakes by their readers, Norris was rated 4th in the entire country.
Value-Add Investment Opportunity: This is offered at an attractive 10% Cap return based on 2025 rents. As of February 1, 2025, 80% of the building was occupied. The owner just completed 40 new slips that are going through rent-up.
Price: $2,600,000 / 10.00% CAP / Current Year Rents
14.66 +/- acres, including 6.2+/- acres of development land
Development land for RV or residential. (785 feet +/- of water frontage)
158 Slips, 67 Moored Houses, 39 RV Pads
VALUE-ADD OPPORTUNITY – Add 80 or more Slips and RV Pads
(CONTRACT PENDING) Blue Springs Boat Dock
680 Blue Spring Rd, Speedwell, Tennessee 37870
- Executive Summary (1.5MB)
- Offering Memorandum (8.1MB)
