5405 Chimra Rd - Hospitality FOR SALE


Panora, IA 50216
$2,950,000 USD
515-984-0222
5405 Chimra Rd, Panora, IA for Sale
$2,950,000 USD
Hospitality - FOR SALE
1/17
null | Request Cap Rate

5405 Chimra Rd
Panora, IA 50216


OVERVIEW

Lakeside Resort in Iowa Countryside – Includes Restaurant, Bar, and Hotel with Real Estate. Discover an exceptional opportunity to own a serene lakeside resort in the beautiful Iowa countryside. This turnkey operation features a thriving restaurant, a lively bar, and a comfortable hotel, all nestled on the picturesque shores of a tranquil lake. With real estate included in the sale, this resort offers an incredible investment for those looking to own a piece of paradise and a successful hospitality business. Business Description: This lakeside resort is a hidden gem, set against the backdrop of the stunning Iowa countryside and overlooking a pristine lake. The property spans several acres, providing a tranquil escape for guests looking to relax, unwind, and enjoy nature. With a well-established restaurant, a lively bar, and a cozy hotel, the resort. Price includes sale of business (restaurant and hotel). Restaurant: 4982 SF, Bsmt - 4982 SF, HVAC - Geo-Thermal/ Well, Roof - Asph. Shingle/ Wood Dk, Condition - Excellent Adjustments: Bsmt Finish, 4200 SF Portico, 320 SF Concrete patio, 320 SF Wood Deck, 3500 SF Concrete patio, 2520 SF Canopy - attached, 224 SF Hotel / Motel: 25 units, 3 Story, Built - 2005, 3318 SF, Bsmt - 3318 SF, HVAC - Combination FHA - AC, Roof - Asph. Shingle/ Wood Dk, Condition - Normal Adjustments: Bsmt Fin - apartments, 3000 SF Canopy - attached, 528 SF Concrete patio, 528 SF

FOR SALE DETAILS

PRICE

$2,950,000 USD

PRICE/SF

$243 USD /SF

# OF ROOMS

22

PRICE/ROOM

$134,091 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Port On Lake Panorama

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

4

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

2005

PARKING SPACES

28

LAND DETAILS

LAND ACRES

2.03 AC

LAND SF

88,427 SF

ZONING

C

APN/PARCEL ID

0001917701

ASK ABOUT THIS PROPERTY

Shane TorresRE/MAX ConceptsMore Info
515-984-0222

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Shane TorresRE/MAX ConceptsMore Info
515-984-0222

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