2247 Co Rd Theodosia, MO 65761
This turnkey resort on Bull Shoals Lake offers eight renovated cabins, a new in-ground pool (added 2023), and four RV spots. The property includes a community laundry building, an office/gift shop, a gazebo with grill, playground, and three fire pits. Cabins feature log construction, newer vinyl windows and doors, decks, and grills. A convenient centralized system allows for easy winterization of all cabins. The property also boasts a dock with solar power (permits obtained), meeting Corps of Engineers standards. The resort sits on 1.53 acres and includes a sprawling ranch-style home with a walkout basement (available for separate purchase, MLS #602465506, $350,000). An additional 5 acres with a pre-drilled well is available for $50,000, offering significant expansion potential. Built in 1968 and renovated in 2021, this 5,000 square foot property presents a unique opportunity for a new owner to capitalize on its existing infrastructure and high potential for growth. The property has a rich history, having been vacant for four years before the current owner's extensive renovations and re-establishment of a client base. The asking price is $550,000.
Cap rate
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