GUN BARREL CITY -- Big Chief Landing, the longest business on Cedar Creek Lake in continuous operation, will be sold at an on-site auction Feb. 12 at 1 p.m.
The business operation, which was built in 1966 immediately following the construction of the man-made water reservoir, will be sold in two lots. In addition to the land and buildings, all personal property such as boats, water toys, lawnmowers, restaurant equipment and collectibles will also be sold separately at the auction.
The last listed price on the property was $2.4 million, according to a real estate ad placed by Ameribid. Potential purchasers are invited to come inspect the property and place a bid.
The business currently is owned by Dan Leonard, and its appraised value is $584,000, with the land valued at $257,000 and the improvements at $327,000, according to the Henderson County Appraisal District. It sits on the edge of Highway 334 at the end of the Causeway that separates Seven Points and Gun Barrel City in an area that is zoned for the sale of alcoholic beverages.
Lot 1 of the business, which is known for being one of the deepest marinas and most easily accessed boat ramp on the lake, consists of a 1,250-square-foot bait shop and store, a 900-square-foot live storage building with circulation pumps, a 4,800-square-foot, two-story motel with 10 rooms and a 5,400-square-foot restaurant with a 1,000-gallon grease trap. It includes a 24-hour, credit card-pay gasoline pump on the dock. The operation sits on 1.639 acres where there is room for expansion.
Lot 2 is a 2.440-acre plot of land next to the marina. It is one of the last remaining commercially-zoned sites on the lake. It includes a 900-square-foot motel with three rooms and a 1,200 square-foot duplex with two rooms.
Inspections can be made Jan. 29, Feb. 9 and Feb. 12 from 11 a.m. to 1 p.m. Appointments for inspections also are available. Call Ameribid at 877-895-7077 for information.