15596 SR 156, Florence, IN 47020

Mermaid Cove Marina, Boatel, RV & Docks Mermaid Cove Marina is a turnkey, income-producing waterfront hospitality asset spanning 5.15 acres along the scenic Ohio River. Highlights: This multi-parcel property boasts diverse, established income streams with a strong booking history.

The lodging features unique, fully furnished floating 'Boatel' units, a two-story home with a 'crow's nest' river view, a charming tiny house, a camper with a covered deck, and 4 year-round RV sites. The marina includes 10+ docks accommodating up to 12 vessels, complete with power and water.

Expansion & Value-Add Potential: Investors can capitalize on massive upside by adding extra dock spaces for additional revenue, launching jet ski rentals, or offering boat charters. Strategically located just minutes from Belterra Casino, Markland Dam, and I-71.