Online Published Reserve Auction | Herrington Lake Boat Storage $499,000

Lake Commercial For Sale

Online Published Reserve Auction | Herrington Lake Boat Storage Sells to the Highest Bidder Above $499,000! 171 S. Homestead Ln, Lancaster, KY 40444 Bidding Opens May 15 and begins to close at 4 PM on May 22nd. 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. Previously listed at $650,000, the business and real estate now sells to the highest bidder above $499,000! 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 boat 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. There is a 10% Buyer's Premium.