509 L.b. Cook Memorial Dr, Longrun, MO 65761

Property Details for 509 L.b. Cook Memorial Dr

Property type

Specialty properties

Property subtype

Marinas

Description

This exceptional turnkey opportunity presents a fully operational marina and resort nestled on the shores of Bull Shoals Lake in Theodosia, Missouri. Established in 1952, this property boasts a loyal clientele and strong local support. The extensive offering includes a 205-stall marina, a restaurant (Cookie's), three lodges, five cottages, a 20-room motel, a rental apartment, and a 95-unit RV park accommodating tent camping. Additional amenities encompass two gift shops, a swimming pool, tennis and basketball courts, a laundry facility, picnic and banquet areas, and free Wi-Fi. A private boat dock and a fleet of rental boats, along with boating accessory rentals, further enhance the revenue streams. The property also includes a staff management dwelling. The marina's location on Bull Shoals Lake, known for its clear water, caters to fishing, boating, and other water activities. The resort's accommodations are modern, clean, and well-maintained, situated near the marina and Cookie's restaurant. Guests enjoy access to the resort's recreational facilities, including a swimming pool, tennis court, basketball court, laundry, banquet room, and patio. Cookie's restaurant offers diverse menu options and caters to large groups. The RV park generates rental income. The property is largely unaffected by lake level fluctuations, with the marina simply adjusting closer to the shoreline during high water. Otter Creek Lodge sits on 0.43+ acres owned outright, while the remaining land is held under a ground lease with the US Army Corps of Engineers. A new 10-year lease with the Corps of Engineers will be negotiated by the new owner. The asking price is $4,700,000.

Location Insight

City

Longrun

County

Ozark

State

Missouri

Longitude

-92.6523

Latitude

36.576