16878 County Road 505 - Hospitality FOR SALE
Newberry, MI 49868 |
$1,600,000 USD
906-202-9959
16878 County Road 505
Newberry, MI 49868
HIGHLIGHTS
- Turn-key resort on Halfway Lake, 20 minutes north of Newberry
- Three-bedroom, two-bath owner’s residence with lake views
- 1,700± feet of shoreline on a private, no-motor lake
- Eight rental cabins and a spacious guest house for rentals or visitor
- Guest amenities include canoes, kayaks, boats, two docks, and a swim-friendly shoreline
- Popular with snowmobilers, ORV/UTV riders, and tourists visiting Tahquamenon Falls
FOR SALE DETAILS
PRICE
$1,600,000 USD
PRICE/SF
$218 USD /SF
# OF ROOMS
10
PRICE/ROOM
$160,000 {currency}
CAP RATE
Request Cap Rate
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Halfway Lake Cottages
PROPERTY TYPE
Hospitality
ADD'L SUBTYPES
Dormitory
TOTAL BUILDING SIZE
-
STORIES
1
ROOM ENTRANCE
Exterior
BUILDING CLASS
C
YEAR BUILT
1950
PARKING SPACES
9
LAND DETAILS
LAND ACRES
16.53 AC
LAND SF
720,047 SF
ZONING
Commercial
APN/PARCEL ID
003-006-017-0220,003-260-000-0900
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906-202-9959
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906-202-9959
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