104 W Houghton Lake Dr - Hospitality FOR SALE
Prudenville, MI 48651 |
$1,300,000 USD
989-980-7359
104 W Houghton Lake Dr
Prudenville, MI 48651
HIGHLIGHTS
- Easily Accessible through M-55, US-127, & I-75.
- Beautiful Lake Frontage with Amazing Views of Private Houghton Lake
- The Property is Made up of 17 Total Units w/ the Four Buildings, Comprised of Hotel Rooms, Cottages, Studios, & a Beach House
- Sully’s on The Lake is One of the Best Restaurants on Houghton Lake with Lake Views & Family Style Dining.
- Michigan North Central Area is a Large Submarket & Contains Around 15,000 Rooms Spread over 273 Properties.
OVERVIEW
MOXIE Real Estate + Development is pleased to list 104 W. Houghton Lake Drive, a prime opportunity for hospitality and resort investors. The building boasts 17 units, formally the home of Sully's on the Lake, one of the best restaurants on Houghton Lake. Located on Houghton Lake's East Bay, this property is poised to deliver outstanding returns for savvy investors looking to capitalize on the vibrant hospitality and resort market in Prudenville.
FOR SALE DETAILS
PRICE
$1,300,000 USD
PRICE/SF
$80 USD /SF
# OF ROOMS
26
PRICE/ROOM
$50,000 {currency}
CAP RATE
Request Cap Rate
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Riviera Resort
PROPERTY TYPE
Hospitality
TOTAL BUILDING SIZE
-
STORIES
1
ROOM ENTRANCE
Exterior
BUILDING CLASS
C
YEAR BUILT
1889
PARKING SPACES
-
LAND DETAILS
LAND ACRES
1.14 AC
LAND SF
49,658 SF
ZONING
C-W
APN/PARCEL ID
003-345-001-0000,003-585-001-0000
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989-980-7359
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989-980-7359
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