Multifamily Property for Sale in Calvert City, KY

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Calvert City, KY 42029

Description

Marcus & Millichap is pleased to present the Paducah/I-24/Kentucky Lake KOA Journey, a strategically located, value-add campground investment in Calvert City, Kentucky. Positioned just off the intersection of Interstate 24 and Interstate 69, this 24.63-acre property offers excellent visibility and access for both destination travelers and overnight guests. This KOA Journey features 55 total sites, including 41 RV spaces, 4 cabins, and 10 tent sites. The property benefits from strong in-place income, supported by an 8.43% cap rate on current operations, and is priced at $1,560,012, or approximately $28,364 per site. With city water and sewer service, the infrastructure is well-suited for operational efficiency and future expansion. Twelve of the nearly 25 acres remain undeveloped, offering a unique opportunity for investors to significantly increase density or enhance amenities. Whether through additional RV pads, deluxe cabins, or recreational improvements, this upside potential is a key value driver. The campground’s location is minutes from boating and fishing destinations including Kentucky Lake, Lake Barkley, and Land Between the Lakes National Recreation Area. It also benefits from proximity to the city of Paducah, with attractions such as the National Quilt Museum and historic downtown. As a KOA Journey, this property is optimized for convenience and overnight stops, but its size, setting, and brand affiliation position it well for over-night and extended stay guests. This is an opportunity to acquire a nationally branded campground with immediate cash flow and development upside. Investment Highlights: • 12 undeveloped acres for expansion • Public Utilities • I-24 connects St. Louis to Nashville and Chattanooga, while I-69 serves as a major north-south trade and travel corridor, linking the campground to Indiana, Kentucky, and the Southern U.S. As infrastr

Market Context

This multifamily in Calvert City, KY is listed for sale. It is offered at an approximate 9.0% capitalization rate, a key benchmark for income-producing multifamily assets. It has been on the market for 52 days. Compare it against other multifamily listings for sale in Calvert City, KY — <a href="/search/sale/multifamily/kentucky/calvert-city">view the full market</a>.

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