7952 Narrows Rd - Hospitality FOR SALE


Minocqua, WI 54548
$5,500,000 USD
715-892-7325
7952 Narrows Rd, Minocqua, WI for Sale
$5,500,000 USD
Hospitality - FOR SALE
1/11
null | Request Cap Rate

7952 Narrows Rd
Minocqua, WI 54548


HIGHLIGHTS

  • Main Home/Office + 7 Lakeside Cabins.
  • 30 + Acres on 945' of sandy Tomahawk Lake shoreline.
  • First time available in over 60 years!

OVERVIEW

The Opportunity of a lifetime on the shores of Tomahawk Lake in Minocqua, Wisconsin. It’s been ages since a Property of this stature could be obtained on the renowned Minocqua Chain. Active resort, originally established over 100 years ago, owned & operated by the same family since 1963. Expansive 945’ of sandy shores with sought-after southern exposure. Multi-Family Zoning. Minocqua lakefront legacy, located off Country Club Rd, at the end of a town road. Adjacent to State Lands & The Schlecht Lake Ski, bike & hike trails. Nearby The Minocqua Country Club & Lakeside Bar & Grill. Long driveway through the 30+ Acres, across a lakeside land bridge leads into the nostalgic resort that exudes the epitome of a Northwoods Currier and Ives vibe. Gambrel roofed main home / office built in the 1920s and 7 seasonal cabins tranquilly situated along the shoreline. Scenic walking trail leads to the back land & an open field that is prime for recreation or expansion.

FOR SALE DETAILS

PRICE

$5,500,000 USD

PRICE/SF

$5,456 USD /SF

# OF ROOMS

18

PRICE/ROOM

$305,556 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Narrows Resort

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

1

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1920

PARKING SPACES

-

LAND DETAILS

LAND ACRES

30.3 AC

LAND SF

1,319,868 SF

ZONING

Multi-Family

APN/PARCEL ID

01601-2350-0000

ASK ABOUT THIS PROPERTY

Adam RedmanRedman Realty Group LLCMore Info
715-892-7325

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Adam RedmanRedman Realty Group LLCMore Info
715-892-7325

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