Auction | Herrington Lake Boat Storage

Founded in 1797, Lancaster in Garrard County is a beautiful area with loving citizens. Lancaster hosts many community events year-round, including Garrard County Days in mid-April, the City-Wide Yard Sale in August, and the Tobacco Festival in September. With so much going on, it?s easy to see why Lancaster has remained so popular in the hearts and minds of all its citizens.SVN Stone Commercial Real Estate & SVN Auction Services are pleased to offer this unique property and sole Boat Storage opportunity next to Herrington Lake Marina. The property is being sold at Published Reserve Auction. This property at 171 South Homestead Lane in Lancaster, Kentucky is the only commercial property allowed in the neighborhoods surrounding the Marina and development. The improvements sit on 1.4 acres, and have had an out of town owner, managed locally that previously did minor repairs, and offers lower rents for the 30 existing slips for the locals. There is tremendous upside here for the repair, and storage, and potentially for a concierge side of the business for owners. There is an extra 4 acres next door if building a home or homes, owned by the seller as well. The online auction opens for bidding on May 15th and begins to close at 4 pm on May 22nd. Again, this is a Published Reserve Auction meaning the property sells to the highest bidder at or above $499,000. It was previously list at at $650,000 so this opening bid is more than a $150,000 savings!