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

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

Building

Basement YN
Yes
Stories Total
Yes

Utilities

Cooling YN
Yes
Heating YN
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.

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.