10244 Lost Valley - Hospitality FOR SALE


Montague, MI 49437
$725,000 USD
480-229-6999
10244 Lost Valley, Montague, MI for Sale
$725,000 USD
Hospitality - FOR SALE
1/18
null | Request Cap Rate

10244 Lost Valley
Montague, MI 49437


OVERVIEW

Sky Reef owner only uses ½ the space to breakeven, so HUGE upside potential. Additional income by expanding to fringe seasons. Tons of potential here, but focusing on existing space could easily add more income (call to discuss). For clarity, this is two mirrored spaces that can sleep up to 10 people each. Plus, it was specifically built with a 2nd story in mind, so it would cost less than normal to do a 2nd level and double the size and income. Must See!

FOR SALE DETAILS

PRICE

$725,000 USD

PRICE/SF

$333 USD /SF

# OF ROOMS

10

PRICE/ROOM

$72,500 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Sky Reef Beach House

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

1

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1966

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.76 AC

LAND SF

33,106 SF

ZONING

-

APN/PARCEL ID

01-110-300-0009-00,01-561-000-0032-00

ASK ABOUT THIS PROPERTY

Andrew OstranderKW CommercialMore Info
480-229-6999

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Andrew OstranderKW CommercialMore Info
480-229-6999

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.