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Property Description

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.

Amenities
: RV Sites, Cabins
Investment Highlights

Price: $3,100,000 / 10.53% 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                 

Address Map
680

Blue Springs Boat Dock

680 Blue Spring Rd, Speedwell, Tennessee 37870

$3,100,000
Basic Details
Status : Available
Price : $3,100,000
Listing Type : Public
Wet Slips : 158
Year Built : 1974
Ownership : Fee Simple
Country : United States
State : Tennessee
Acres : 14.66
Listing Broker : New England Commerical Brokerage, Inc.
Listing Broker Name : Andrew Knight
Listing Broker License : TN Lic: 354547
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Advisor
Jeff Spilman
Leisure Investment Properties Group, LLC
17539 Darby Lane, Tampa, FL 33558
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17539 Darby Lane | Tampa, FL | 33558

(813) 269-1144

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