99 Pay Lake Rd Woodbine, KY 40771
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.