224 New Circle Drive, Kuttawa, KY 42055 (MLS# W135782)

224 New Circle Drive, Kuttawa, KY 42055

$1,800,000

Property Type: Commercial Sale Status: Closed

Current Price: $1,800,000 List Date: 2/26/2026 Last Modified: 7/31/2026

Overview

Description

Exceptional opportunity to own a successfully operated, turn-key independent lodging business in Kuttawa. Serving guests for 41 years, this well-established 30-unit property boasts a strong track record of repeat and new clientele. All rooms have been newly renovated, offering updated accommodations in a convenient one-level, exterior corridor layout with easy drive-up access and excellent boat parking. Ideally positioned with high visibility from Interstate 24 and quick access to Lake Barkley, the property consistently attracts vacationers and travelers alike. A spacious 3 bed, 3 bath owner’s apartment behind the office allows for seamless on-site management. A rare, income-producing investment in a prime recreational market.

Listing Details MLS# W135782

Status Change Information

Status Change Timestamp: 2026-02-27
Purchase Contract Date: 2025-11-28
Close Date: 2026-02-26
Close Price: 1800000
Buyer Financing: Other
Concessions Comments: No

Address

County: Lyon
Street Number: 224
Street Name: New Circle
Street Suffix: Drive
State: KY
Zip Code: 42055

Contract

Original List Price: 1800000
Listing Contract Date: 2026-02-26
Owner Name: Narendra & Meenaxi Patel
Occupant Type: Occupied
SP/LP: Yes

Interior

Building Area Source: Owner
Living Area: 0

Building

Basement YN: Yes
Stories Total: Yes

Utilities

Cooling YN: Yes
Heating YN: Yes
Natural Gas Available: Yes
Sewer Available: Yes
Water Available: Yes

More Information

Remarks

Public Remarks: Exceptional opportunity to own a successfully operated, turn-key independent lodging business in Kuttawa. Serving guests for 41 years, this well-established 30-unit property boasts a strong track record of repeat and new clientele. All rooms have been newly renovated, offering updated accommodations in a convenient one-level, exterior corridor layout with easy drive-up access and excellent boat parking. Ideally positioned with high visibility from Interstate 24 and quick access to Lake Barkley, the property consistently attracts vacationers and travelers alike. A spacious 3 bed, 3 bath owner’s apartment behind the office allows for seamless on-site management. A rare, income-producing investment in a prime recreational market.

Tax & Legal

Directions: From Eddyville City Hall, head towards Kuttawa on US-62 W/US-641 S. Property will be on right.

Association/Community

Number Of Buildings: 5

Construction Materials

Other: Yes

Cooling

Other: Yes

Heating

Other: Yes

Parking Features

Other: Yes

Possession

Negotiable: Yes

Roof

Metal: Yes

Sewer

Public Sewer: Yes

Building Features

Other Flooring Type: Yes
Tile/Brick Floor: Yes

Business Type

Commercial: Yes
Other: Yes

Docks

None: Yes

Sale Includes

Easements: Yes

Documents

Survey: Yes
Other: Yes

Property Features

Utilities: Natural Gas Available; Sewer Available; Water Available; Natural Gas Available; Sewer Available; Water Available Building Features: Other Flooring Type; Tile/Brick Floor Business Type: Commercial; Other Construction Materials: Other Cooling: Other Docks: None Heating: Other Parking Features: Other Possession: Negotiable Roof: Metal Sale Includes: Easements Sewer: Public Sewer Documents: Survey; Other

Listing Office: Keller Williams Experience - Paducah

Last Updated: July - 31 - 2026

Information deemed reliable but not guaranteed.