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OFF-MARKET
Investment properties

99 Pay Lake Rd Woodbine, KY 40771

7.71 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 7.71-acre property in Woodbine, KY presents a unique investment opportunity. The centerpiece is a well-maintained, 2+ acre spring-fed pay lake teeming with trophy-sized catfish, bass, and bluegill. Its established reputation attracts a loyal customer base, ensuring consistent income through regular fishing tournaments and events. The property boasts ample parking, including RV hookups, catering to a diverse clientele. Situated just 5 miles from Corbin, KY, with convenient access via Highway 6, this location offers excellent visibility and accessibility. The picturesque rolling hills and scenic landscapes provide a tranquil setting, ideal for both fishing enthusiasts and those seeking a peaceful retreat. Beyond the immediate income generated by fishing activities, the property's expansive acreage and prime location offer significant potential for future development and expansion. This turnkey business is ready for a new owner to capitalize on its established success and further enhance its profitability. The property's combination of recreational appeal and established income stream makes it an attractive investment for both seasoned entrepreneurs and first-time business owners. This is a rare opportunity to acquire a thriving business with significant growth potential in a desirable location.

Property profile
Verified
Property type Investment properties
Lot 7.71 ac (335,848 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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