507 Shariden Dr - Hospitality FOR SALE


Pelican Lake, WI 54463
$1,170,000 USD
715-618-9604
507 Shariden Dr, Pelican Lake, WI for Sale
$1,170,000 USD
Hospitality - FOR SALE
1/10
null | Request Cap Rate

507 Shariden Dr
Pelican Lake, WI 54463


HIGHLIGHTS

  • Recent renovations made to all cabins for interior and exterior.
  • Sale includes existing business, already up and running.
  • Rare opportunity for developed spring fed lake waterfront property.
  • Property offers different room configurations for all party sizes.

OVERVIEW

Live here and enjoy the income from the five other rental units. Brand new year-round 2-bedroom, full bath home less than fifty feet from the water’s edge. Property includes a newly installed aluminum pier and 2 car garage. Situated on a 1.48-acre lot with an additional 2 acres right across the street for potential storage units or maybe another future building with more lake views. The main Cabin 507; comes with 3 bedrooms 1 bath, wood burning fireplace, pine ceiling and walls, forced air furnace, and very close to the water’s edge. Cabin 502 sits just back off the lake with 2 bedrooms, full bath, knotty pine walls, screened in porch, and excellent view of the lake. Cabin 503 has 2 bedrooms, 1 bath, small kitchen living area with water views. The duplex, with a newly installed steel roof has 3 bedrooms, 1 bath, and electric heat. The rear of duplex has 1 bedroom and 1 full bath. Currently owned by an LLC but can be sold as condo units as all, condo association paperwork is ready to submit. Seller financing options available, please inquire for more information.

FOR SALE DETAILS

PRICE

$1,170,000 USD

PRICE/SF

$165 USD /SF

# OF ROOMS

6

PRICE/ROOM

$195,000 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Paradise On Pelican

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

1

ROOM ENTRANCE

Exterior

BUILDING CLASS

B

YEAR BUILT

2010

PARKING SPACES

10

LAND DETAILS

LAND ACRES

5.27 AC

LAND SF

229,532 SF

ZONING

G1

APN/PARCEL ID

00601-0981-0000,00601-0982-0000,EN 1039

ASK ABOUT THIS PROPERTY

Ron WelnetzAbsolute RealtorsMore Info
715-618-9604

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Ron WelnetzAbsolute RealtorsMore Info
715-618-9604

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