Parkers Lk Loop Rd Parkers Lake, KY 42634

Property Details for 0 Parkers Lk Loop Rd

Property type

Hospitality properties

Property subtype

Hotels

Description

This exceptional investment opportunity presents a 28-acre property in McCreary County, Kentucky, near the breathtaking Cumberland Falls and Eagle Falls, within the Daniel Boone National Forest. The property includes a 50-room hotel requiring restoration, offering significant potential for redevelopment. Two existing cabins (2,006 sq ft and 1,242 sq ft) provide immediate income streams or lodging options. Recreational amenities abound, including an in-ground pool, a small barn, a lake stocked with bass, bluegill, and catfish, and a 41-site RV campground complete with utilities and a dump station. Further enhancing the property's appeal is a shower house, a two-story unfinished cabin, and a cave featuring a pure spring water outlet. The property boasts 3-phase electric and an upgraded sanitation waste facility with a transferable permit. Located just 3/4 of a mile from Cumberland Falls, this property is adjacent to hiking trails, horseback riding opportunities, whitewater rafting, and Laurel River Lake. The asking price is $1,650,000. This unique combination of natural beauty, existing structures, and recreational facilities presents a rare chance to develop a thriving hospitality business in a stunning Kentucky setting. The property's proximity to major attractions and its diverse amenities make it an ideal location for a variety of ventures. The possibilities are truly endless.

Location Insight

City

Parkers Lake

County

McCreary

State

Kentucky

Longitude

-84.4811

Latitude

36.8393