Auction Information
Auctioneer Robert Alexander Real Estate and Auction Company 270-554-5212
Auction Date Aug 27 Auction
65 Park St.
Gilbertsville, KY
Time 10:07AM
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AuctionZip Auctioneer ID# 1586



Tuesday, August 27th · 10:07 AM 


65 Park St. Gilbertsville, KY

Cinderella Motel Near KY Dam


2 BR Home- Separate Metered +1,600 Sq. Ft. 5 Bay Garage

Duplex Home- 10 Unit Motel- +2.3 Ac.- 2 Streets



Quite the money maker and especially popular with fishermen for decades. This property well located to the lakes area is in need of a new owner with the time and energy to return it to its glory days- 100% occupancy is just around the corner.


If you were looking to build a small profitable KY Lake family operation, you’d pick this location, you would need the infrastructure found here, you would want the 2 streets for easy access and exposure. Motels, because of their daily rentals, are considered by some to be cash cows. However, boat storage, mini warehousing and assisted living have a good track record in the area as well.


Check the 'Documents' tab for a list of general information such as appliances and utilities all included. Property sells as-is, free and clear of any liens, mortgages and encumbrances.



Real Estate Terms: 15% deposit day of Auction. Balance due within 45 days. A 10% buyer premium will be added to the final bid and included in the total contract price. Property is subject to tenants’ rights.



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