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    1967 Rock Island Rd Rock Island, TN 38581

    For Sale
    $5,500,000

    Turnkey Marina, Restaurant & Home

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional turnkey business opportunity encompasses Cottens Marina, a thriving waterfront establishment situated on approximately 5 acres in Rock Island, Tennessee. The property boasts 466+ feet of waterfront, complete with 30 covered boat slips offering year-round rentals and 57 dry storage units. A well-stocked Ship Store provides essential boating supplies, bait, snacks, beverages (including beer and ice), and souvenirs. A full-service restaurant, featuring a bar and commercial kitchen, complements the marina's offerings. The property also includes an office, bonus room, and bath, along with two additional customer bathrooms. A substantial 3000+ square foot, three-level residential home is included, suitable for owner occupancy, manager's quarters, or lucrative short-term rentals. This home features an attached garage and covered porches with stunning river views. Ample parking is available, and the expansive acreage presents significant expansion potential, including the addition of rental cabins or extra dock space. Multiple income streams from boat rentals, storage, the Ship Store, and the restaurant ensure a diverse and robust revenue model. This is a truly unique opportunity to acquire a well-established and profitable waterfront business. The asking price is $5,500,000. Located at 1967 Rock Island Rd, Rock Island, TN 38581.

    Property Features for 1967 Rock Island Rd

    General Information

    Property type
    Investment properties

    HighLights

    • Turnkey waterfront business opportunity in Rock Island, TN.
    • 5‑acre property with 466+ feet of waterfront, 30 covered boat slips, and 57 dry storage units.
    • Includes a ship store, full‑service restaurant with bar and kitchen, office, bonus room, and bathrooms.
    • Features a 3,000+ sq ft, three‑level residential home with attached garage.
    • Ample parking and significant expansion potential; asking price $5,500,000.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Cotten's Marina Marina

    Suggested Use

    Restaurant Realty agency Dental Office Auto Repair Shop Clothing Store Accounting Firm Grocery Store Cafe & Coffee Shop Women's Store Pawn Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Rock Island
    County
    Warren
    State
    Tennessee
    Longitude
    -85.608873712846
    Latitude
    35.80228315837

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    FAQs

    What type of property is this?
    Investment property - Turnkey Marina, Restaurant & Home
    Where is this investment property located?
    The property is located at 1967 Rock Island Rd Rock Island, TN.
    What is the asking price?
    The asking price for this property is $5,500,000.
    What are key features of this property?
    This property features: Turnkey waterfront business opportunity in Rock Island, TN.; 5-acre property with 466+ feet of waterfront, 30 covered boat slips, and 57 dry storage units.; Includes a ship store, full-service restaurant with bar and kitchen, office, bonus room, and bathrooms.
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    1967 Rock Island Rd Rock Island, TN 38581
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1967 Rock Island Rd Rock Island, TN 38581
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