358 Relax Dr - Residential Income FOR SALE


Smithville, TN 37166
$3,995,000 USD
321-662-7403
358 Relax Dr, Smithville, TN for Sale
$3,995,000 USD
Residential Income - FOR SALE
1/11
null | Request Cap Rate

358 Relax Dr
Smithville, TN 37166


OVERVIEW

Tucked along the shores of the winding Center Hill Lake, the property lies just off of Hwy-56, north of downtown Smithville, Tennessee. The property has most recently been used as a retreat/conference center and contains multiple structures including a main lodge with conference spaces and offices, a cafeteria area with commercial kitchen, guest houses, a picnic area, a pool, a dock on Center Hill Lake and ample green space. The 167± acres is currently leased from the Army Corps of Engineers (ACE) for $1 per year until 2042 with a 25-year renewal option at the end of each lease period.

FOR SALE DETAILS

PRICE

$3,995,000 USD

PRICE/SF

$174 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Property for Sale | Retreat/Conference Center

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Residential Income

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

C

YEAR BUILT

1974

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

167.19 AC

LAND SF

7,282,796 SF

ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Matt MessierFoundry CommercialMore Info
321-662-7403

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Matt MessierFoundry CommercialMore Info
321-662-7403

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.