W17461 Norton Rd - Hospitality FOR SALE


Gould City, MI 49838
$1,425,000 USD
906-484-3945
W17461 Norton Rd, Gould City, MI for Sale
$1,425,000 USD
Hospitality - FOR SALE
1/88
null | Request Cap Rate

W17461 Norton Rd
Gould City, MI 49838


HIGHLIGHTS

  • 400 feet of shoreline on South Manistique Lake, 11 rental cabins, Dock, pontoon boats, kayaks, pet friendly, free internet.
  • ample parking for cars, trucks and boat/snowmobile trailers
  • Northern Light

OVERVIEW

A rare opportunity to acquire a fully operational waterfront resort business located on South Manistique Lake in Michigan's Upper Peninsula. This resort is a turn-key hospitality asset with strong historical income, established seasonal demand and significant waterfront frontage. This resort operates as a weekly rental cabin destination with peak seasonal demand in summer months and supplemental winter weekend occupancy. The business benefits from repeat guests and long term customer relationships

FOR SALE DETAILS

PRICE

$1,425,000 USD

PRICE/SF

$117 USD /SF

# OF ROOMS

11

PRICE/ROOM

$129,545 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Sunset Pines Resort

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

1

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1940

PARKING SPACES

30

LAND DETAILS

LAND ACRES

3 AC

LAND SF

130,680 SF

ZONING

Commercial 201

APN/PARCEL ID

49009-401-007-00,49009-401-008-00,49009-600-001-00,49009-600-002-00,49009-600-003-00,49009-600-004-00,49009-600-005-00,49009-600-006-00

ASK ABOUT THIS PROPERTY

Susanne Bartlett-MoranColdwell Banker Schmidt RealtorsMore Info
906-484-3945

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Susanne Bartlett-MoranColdwell Banker Schmidt RealtorsMore Info
906-484-3945

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