267 Runaway Dr - Hospitality FOR SALE


Climax Springs, MO 65324
$4,300,000 USD
630-801-9955
267 Runaway Dr, Climax Springs, MO for Sale
$4,300,000 USD
Hospitality - FOR SALE
1/20
null | Request Cap Rate

267 Runaway Dr
Climax Springs, MO 65324


OVERVIEW

Signature Lakefront Resort & Redevelopment Opportunity – 45MM, Lake of the Ozarks Rare opportunity to acquire one of the largest privately owned waterfront resort properties on the 45MM of the Lake of the Ozarks. Offering more than 30 acres and over 1,000 feet of protected lake frontage, this turn-key resort combines multiple revenue streams with significant expansion potential. The property features eight remodeled vacation cabins accommodating groups from 5 to 50 guests, 23 nightly RV/campground sites with electric, water and select sewer hookups, long-term rental opportunities, employee housing, an owner's manufactured home, and an on-site manager's home. Marina amenities include a private boat ramp, 26 covered boat slips, additional transient tie-up docks for restaurant guests, a 10-slip gas dock with dock office, and excellent cove protection that provides easy access throughout the boating season. Guests enjoy a full-service waterfront restaurant with indoor and outdoor dining, an outdoor stage and dance floor, snack shack, beach area, swim dock, saltwater pool, two hot tubs, and approved space for a future swim-up bar and adults-only pool area. More than 15 acres remain undeveloped, creating exceptional opportunities for additional RV sites, luxury cabins, glamping accommodations, equestrian camping, walking and riding trails, event venues, or other complementary income-producing amenities. It can also be developed with new homes or condos. A Value-Add Opportunity The financial performance during the current ownership should be viewed in the context of a long-term redevelopment strategy. Over the past six years, ownership focused on restoring and improving the property, renovating accommodations, upgrading infrastructure, and rebuilding the resort's reputation and customer base. Rather than maximizing annual profits, substantial cash flow was intentionally reinvested into the property to increase its long-term value and position it for future growth. As a result, historical net income does not fully reflect the property's earning potential under a profit-focused ownership model. The next owner will benefit from years of improvements while having the opportunity to optimize operations, expand existing revenue streams, and develop the property's remaining acreage. Offered at $4,300,000, with a recent independent appraisal supporting a value of approximately $4.1 million, this is an exceptional opportunity to acquire a premier waterfront resort with substantial upside in one of the Midwest's most desirable recreational destinations. Whether your vision is to expand the resort, increase operational efficiencies, enhance hospitality offerings, or develop the remaining acreage, this property offers the scale, location, and infrastructure to create a truly exceptional destination.

FOR SALE DETAILS

PRICE

$4,300,000 USD

PRICE/SF

$491 USD /SF

# OF ROOMS

10

PRICE/ROOM

$430,000 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Lazy Dayz Resort

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1980

PARKING SPACES

21

LAND DETAILS

LAND ACRES

26.26 AC

LAND SF

1,143,886 SF

ZONING

Commercial

APN/PARCEL ID

06-2.0-04.1-000.0-003-001.000,06-2.0-04.1-000.0-003-042.000

ASK ABOUT THIS PROPERTY

Dave GoddeDavid GoddeMore Info
630-801-9955

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Dave GoddeDavid GoddeMore Info
630-801-9955

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