7.6 ACRES IN GRAND RIVERS, KY

REAL ESTATE AUCTION Thursday, July 26th, 2025 12:00 PM CST Grand Rivers, KY Public Preview Dates: Monday, July 14th, 10:00 AM 12:00 PM Sunday, July 20th, 1:00 PM 3:00 PM OFFERED IN 3 TRACTS & COMBINATIONS An outstanding 7.6 acre development and investment opportunity in the heart of Grand Rivers, KYwithin walking distance of Pattis 1880s Settlement, shops, restaurants, and the scenic shores of Kentucky Lake and Lake Barkley, both less than a mile away. With no restrictions, utilities available, and a newly updated city water/sewer system, this property is ideal for residential, commercial, or mixed-use development. Income-Producing Opportunity This is a fully operational business offering immediate cash flow from day one. With existing infrastructure including campsites, multiple residential units, and strong tourism traffic in Grand Rivers, the property presents a rare turnkey investment. Potential annual income based on market of $400,200.00 at full occupancy. Current annual income based on full occupancy is $325,200.00. Whether you continue its current use or implement new development plans, the income potential is substantial. Auction Details The auction will be held both online and onsite, rain or shine, allowing buyers from anywhere to participate with confidence. Why Grand Rivers? Nestled between Kentucky Lake and Lake Barkley, Grand Rivers is a thriving tourist destination known for its small-town charm, vibrant local businesses, and year-round recreational opportunities. Home to Pattis 1880s Settlement, marinas, walking trails, and the Land Between the Lakes, this lakeside town offers consistent visitor traffic and strong economic potentialmaking it a prime location for short-term rentals, retail ventures, or residential developments. This propertys central locationjust 0.5 to 1 mile from both lakeshoresoffers unparalleled access to boating, fishing, and water recreation, enhancing its appeal to developers and investors. TRACT BREAKDOWN TRACT 1: Maxwell Street 5.11 Acres 54 Campsites 210 Maxwell Street: 3BR/2BA Manufactured Home (Management HQ), granite counters, attached & detached garages 216A Maxwell Street: 2BR/1.5BA, laundry room, eat-in kitchen 216B Maxwell Street: 2BR/1.5BA, stone fireplace, eat-in kitchen Small 1BR cabin with loft (no running water) Bath House: laundry, 2 half baths, 2 showers TRACT 2: 136 Chandler Court 2.18 Acres 1842 Log Cabin: 2BR/2BA, laundry, sunroom, eat-in kitchen, large stone fireplace 2BR/1BA Manufactured Home Efficiency Apartment: 1BR/1BA open floor plan TRACT 3: 1664 Twelfth Street 0.5 Acre 1BR/1BA Mobile Home (744 SF) with eat-in kitchen & large side/rear deck Property Highlights Development Potential No Restrictions Walking Distance to Pattis, Shops, & City Center Adjacent to Tolar Family Land Less than 1 Mile to Kentucky Lake & Lake Barkley City Upgrades New Sewer & Water System Utilities Available: Natural Gas, Sewer, Electric TERMS AND CONDITIONS PROCEDURE: The property will be offered in 1 individual tract. BUYERS PREMIUM: A 10% Buyers Premium will be added to the final bid and included in the deed transaction sale price. DOWN PAYMENT: 15% as down payment on the day of the auction with balance in cash at closing on or before 30 days. The down payment may be in the form of cashiers check, personal check, or corporate check. YOUR BIDDING IS NOT CONDITIONAL UPON FINANCING, SO BE SURE YOU HAVE ARRANGED FINANCING, IF NEEDED, AND ARE CAPABLE OF PAYING CASH AT CLOSING. CLOSING: Closing shall take place on or before 30 days from auction date. REAL ESTATE TAXES: All 2025 ad valorem taxes will be prorated at closing SURVEY: The property will be sold by the deed. DISCLAIMER AND ABSENCE OF WARRANTIES: All information contained in this brochure and all related materials is subject to the Terms and Conditions outlined in the Purchase Agreement. ANNOUNCEMENTS MADE BY THE AUCTION COMPANY AT THE AUCTION PODIUM DURING THE TIME OF THE SALE WILL TAKE PRECEDENCE OVER ANY PREVIOUSLY PRINTED MATERIAL, OR ANY OTHER ORAL STATEMENTS MADE. The property is being sold on an AS IS, WHERE IS basis, and no warranty or representation, either express or implied, concerning the property is made by the Seller or Auction Company. Each potential bidder is responsible for conducting his or her own independent inspections investigations, inquires, and due diligence concerning the property. The information contained in this brochure is believed to be accurate but is subject to verification by all parties relying on it. No liability for its accuracy, errors, or omissions is assumed by the Seller or the Auction Company. All sketches and dimensions in this brochure are approximate. Except for any express warranties set forth in the sale documents, purchaser(s) assumes all risks thereof and acknowledges that in consideration of the other provisions contained in the sale documents, Seller and the Auction Company make no warranty or representation, express or implied or arising by operation of law, including an warranty of merchantability or fitness for a particular purpose of the property, or any part thereof, and in no event shall Seller or the Auction Company be liable for any consequential damages. Conduct of the auction and increments of bidding are at the direction and discretion of the auctioneer. The Seller and Auction Company reserve the right to preclude any person from bidding if there is any question as to the persons credentials, fitness, etc. All decisions of the auctioneer are final. NEW DATA, CORRECTIONS, AND CHANGES: Please arrive prior to scheduled auction time to inspect any changes, corrections, or additions to the property information.