3111 Masterpiece Rd - Specialty FOR SALE


Lake Wales, FL 33898
$6,600,000 USD
863-581-0059
3111 Masterpiece Rd, Lake Wales, FL for Sale
$6,600,000 USD
Specialty - FOR SALE
1/25
null | 5.45% Cap Rate

3111 Masterpiece Rd
Lake Wales, FL 33898


HIGHLIGHTS

  • Lakefront high end wedding venue - Central FL. This is a STRICT long term leaseback for an investor or investor group.
  • Proposed 25 year, absolute NNN lease. Owner benefits from steady monthly income and an appreciating asset, in fast growing Central FL.
  • Strong Tenant assumes all responsibility for maintenance, upgrades and upkeep on the building and grounds.
  • Tenant P & L's demonstrate a strong 2023 & 2024 performance, with 250+ events already scheduled for 2025, and beyond.
  • 14,077 SF on 2 lakefront parcels totaling on 10.87 AC. 1st floor features common areas and with seating up to 160 people, 200 capacity.
  • The second floor features 12 distinct guest suites, many of which have been fully renovated, including a gorgeous bridal suite.

OVERVIEW

SEE PROPERTY BROCHURE FOR ALL DETAILS! We are pleased to present this majestic Wedding Retreat and Lodging venue in Central Florida. This is STRICTLY a sale, lease back opportunity, offering an absolute triple net, long term lease with possible renewals. With 250+ events already scheduled in 2025, and consistent bookings coming for 2026 and beyond, this venue offers a consistent monthly return to an investor, while being self sustaining and cared for by the Tenant. The property almost defies description, offering a gorgeous, historic main building with inside capacity for 200 people, a reception and bar area, caterer's kitchen, phenomenal bridal dressing/green room, and also a wonderful office area. On the second floor are 12 distinctly individual rooms for wedding guests, including the bridal suite. With over $200,000 spent in capex and upgrades over the past two years, the venue has established itself as one of premier wedding destinations in Central Florida, and indeed the State. This initial offering consists of an offer for a 25 year absolute triple net lease, with a $30,000 per month lease payment.

FOR SALE DETAILS

PRICE

$6,600,000 USD

PRICE/SF

$469 USD /SF

CAP RATE

5.45%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Stunning Lakefront Wedding Venue - Fantastic

PROPERTY TYPE

Specialty

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1925

SPRINKLERS

-

PARKING SPACES

30

LAND DETAILS

LAND ACRES

10.87 AC

LAND SF

473,497 SF

ZONING

LR

APN/PARCEL ID

28-29-17-000000-014020,28-29-17-000000-021020

ASK ABOUT THIS PROPERTY

Craig MorbySVN | Saunders Ralston Dantzler Real EstateMore Info
863-581-0059

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Craig MorbySVN | Saunders Ralston Dantzler Real EstateMore Info
863-581-0059

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