Auction Details

Auction

No

Directions & Remarks

Public Remarks

Over 113k in income! Multi-Use Property on Lake Marion - Residential + Commercial Opportunity | Now with Major Price Reduction. Discover a rare mixed-use, income-producing property directly across from Lake Marion -- ideal for an investor or owner-occupant seeking the perfect live/work opportunity. Recently reduced by over six figures and now priced below its recent appraisal, this offering presents exceptional value in one of the region's most desirable recreational corridors. Situated on approximately two acres with excellent visibility and proximity to the lake, 10841 Highway 260 combines a fully renovated 4-bedroom, 2-bath main home, a 300 sq. ft. studio guest cottage, a 1,724 sq. ft. warehouse, a 522 sq. ft. warehouse, and 54 covered boat storage units. This diverse property offers multiple income streams and turnkey potential. Both the main home and guest cottage are currently operating as successful short-term rentals, and the seller is willing to convey them fully furnished, allowing the new owner to generate immediate income from day one. The two warehouses have been thoughtfully upgraded with new lighting, electrical, and plumbing, providing flexible options for marine services, equipment storage, light industrial use, or third-party leasing. Additionally, the 54 covered boat storage units create a stable, low-maintenance revenue stream -- a highly sought-after asset in this lakeside market. Beyond its multiple income opportunities, the property has benefited from significant structural and system updates designed to reduce near-term expenses and enhance long-term value. Improvements include electrical and plumbing upgrades, HVAC updates, enhanced lighting in commercial spaces, and site enhancements to accommodate parking and yard use. For investors, this property presents the chance to acquire a turnkey, diversified portfolio in one location -- now at a price below appraisal. For owner-occupants, it offers the ability to live in the main residence while generating passive income from the other units and storage facilities. Located directly across from Lake Marion and just minutes from downtown Manning, the property provides convenience for guests, boaters, and commercial tenants alike. Its prime Highway 260 visibility and flexible use potential make it an excellent fit for a range of residential and commercial operations tied to the lake economy. With a recent six-figure price reduction and pricing below appraised value, this is a unique opportunity to secure an income-producing live/work property with immediate cash flow and long-term upside. Contact us for rental performance details, occupancy history, and furnished inventory for a seamless transition to ownership.

Property Sub Type

Industrial

Yes

Multi Family

Yes

Roof

Metal

Yes

Current Use

Commercial

Yes

Multi-Family

Yes

Warehouse

Yes

Structure Type

Multi Family

Yes

Warehouse

Yes

Association Amenities

Game Room

Yes

Parking

Yes

RV/Boat Storage

Yes

Storage

Yes

Water

Yes

Construction Materials

Metal Siding

Yes

Vinyl Siding

Yes

Heating

Heat Pump

Yes

Cooling

Central Air

Yes

Lot Features

Level

Yes

Water Source

Public

Yes

Well

Yes

Sewer

Septic Tank

Yes

Property Features