Lake Cumberland Resort

20+/- AC Turnkey Lake Cumberland Resort, Jamestown, KY

Bidding on this property starts Thursday, June 22, 2017 at 09:00:00 am CT.
NA
Time Remaining: 24 days, 14 hours, 14 minutes
Extended Bidding: i
Bidding Ends: Thu, Jun 22  3:00:00 pm CT
Bid Increment: $250,000.00
Starting Bid: $250,000.00
Property Location: 640 Town Branch Road, Jamestown, KY 42629

The Creek is a picturesque resort near the famed Lake Cumberland, just outside of Jamestown, Kentucky. Set on 20 wooded acres, the property comes complete with custom lodging accommodations, administrative and maintenance buildings, stocked fishing ponds, waterfall and ample room for expansion. The offering includes seven separate residential lots that can be utilized to expand the current resort, or be sold off individually.  Possible future uses include: Turnkey resort operation, corporate retreat, church/youth camp, "Tiny House" community or private getaway.

SUGGESTED OPENING BID: $250,000

ON-SITE INSPECTIONS: MAY 23 & 30 - 11:00 AM TO 1:00 PM Central Time

Property Includes:

  • Two cabins, community center, recreation building, office and maintenance facility
  • Two ponds and creek flowing to Lake Cumberland
  • 7 residential lots ideal for future development

REQUIRED TO BID:  A deposit of $10,000 is required to participate in the online auction. 

TERMS OF SALE:  This auction is being conducted subject to the Terms of Sale, as stated in the Virtual Data Room and Purchase and Sale Agreement. The property is being sold “AS-IS, WHERE-IS”.

BUYER’S PREMIUM:  A 6% Buyer’s Fee will be added to the High Bid Price, per the Terms of Sale, unless otherwise indicated in the published materials.

BROKER PARTICIPATION INVITED:  A co-op fee of 2% will be paid to the REALTOR®/Broker whose registered buyer closes on the property offered as part of this auction. Please refer to the Buyer/Broker registration requirements in the Terms of Sale, which can be found in the Virtual Data Room.

The information contained herein is subject to inspection and verification by all parties relying on it. No liability for its inaccuracy, errors, or omissions, are assumed by the Sellers, their representatives or Auctioneer.

ALL SQUARE FOOTAGE, ACREAGE AND DIMENSIONS IN THIS BROCHURE ARE APPROXIMATE. This offering is subject to prior sale and may be withdrawn, modified or canceled without notice at any time. This is not a solicitation nor offering to residents of any state where this offering may be prohibited.

In cooperation with Mike Skees KY Broker & James Keith KY Auctioneer.

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