75 Slip Marina For Sale on Lake Dardanelle for sale in Russellville, Arkansas

$700,000

Premier Arkansas Marina For Sale on Lake Dardanelle /Arkansas River. Float from here to the Gulf of Mexico! No Franchise Fees!

No Franchise start-up Fees!

This is your business, you make the calls! Marina's of this caliber only come up for sale once in a blue moon. Dwelling home, 3 rental cabins, 75 boat slips, 4 Docks, bait & tackle store, fuel pumps, trailer storage rental, inventory, boat repair facility with tools. This well established Marina is located within the Lake Dardanelle State Park which features a striking 10,527-square-foot visitor center on the lake shore overlooking Lake Dardanelle. The dirt and water on which the Marina is located are leased, from the Corp of Engineers, and covers approx 8.4 acres land and water. Park is open year round. The marina ramps down to cabin rentals and boat repair during the winter until March 1st when the season starts up again. The water level of Lake Dardanelle is controlled by a series of dams that do not allow the water level to fluctuate more than a few feet, so flooding has never been an issue here. The dwelling home is a nice 3 bedroom / 2 bath double-wide with vaulted ceiling, central H&A, fireplace and a large back deck overlooking the marina cove. The owner is in application process of expanding the business and adding a "permanent" wave break, 10 large slips plus a "larger boat" repair fixture and future plans for a new store/ café, all to be completed by the new owner. This expansion is estimated to cost over $4 Mil and would be covered mostly by grants and other funding projects. Business is booming and is running 10% above last years earnings. Seller can stay on for a period of time after closing to help new owner get acquainted with the day to day operations. Asking $700,000. (Dec 2014 appraisal indicates a value of $700K.


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