405 Keen Street, Burkesville, KY 42717 - hospitality property

Detailed information about hospitality property which situated in Burkesville (42717) city, Kentucky state on 405 Keen Street.
Located immediately on the Cumberland River (one of the premier trout streams in the county with Riparian rights for a permanent dock) in south central Kentucky near the famous Cumberland and Dale Hollow Lakes, the Riverfront Lodge is a modern 40 room motel on 3 acres. This moneymaker with minimum oversight has been constantly upgraded, refurbished and improved with gross revenues in past 12 months in excess of $360,000 and improving. The property is well-kept, well managed and ready for new ownership. There is lots to do here with the State of Kentucky recently adding a world-class golf course, the Dale Hollow State Park and three house-boat marinas. This is not a distressed property. The owner is pursing other business interests, but leaving behind a great staff and facility. With a virtual lodging monopoly at the intersection of KY Routes 90 & 61, this property is truly a "MONEY MAKER". Don't miss this incredible opportunity.

Additional Information: Part of the Q4 SVN National Online Event. Online only auction on October 24, 2012. Complete information available on the Auction Point website at www.auctionSVN.com/RiverfrontLodge. Sells to the high bidder once the bid reaches the published reserve of $550,000.• Modern 40 Room Motel in South Central Kentucky• Opening Bid is Less Than 2 Times Annual Gross Revenues• Property has Cumberland River Frontage & Docks• Experienced and Reliable Staff/Regular Upgrades• 3 Acres of Land with 100 Vehicle Parking Spaces• Near Famous Cumberland and Dale Hollow Lakes• Right off US 90 - The Only Real Lodging Facility in Town• Internet Site at: www.RiverfrontLodge.net