Current Use by Public Records
- Mixed-use properties
Property Details for 9293N County Hwy
- Lot size
- 12.57 lot acres
- Property type
- Mixed-use properties
- Property subtype
- Hospitality properties
Description
This exceptional investment opportunity presents the Wilderness Haven Resort, a profitable hospitality and mixed-use property nestled on over 12 acres in Hayward, Wisconsin. The resort boasts five charming seasonal log cabins, each equipped with modern amenities including water, septic, window air conditioning, gas fireplaces, full kitchens, and sleeping quarters. Cabin sizes range from 336 to 996 square feet, offering a variety of accommodations. The resort also features a substantial lodge with 1440 square feet of finished lower-level space and an additional 3600 square feet of unfinished space on the main and upper levels, presenting significant expansion potential. Currently operating as a successful seasonal resort, primarily rented weekly during spring, summer, and fall, the property includes pontoons for guest use on Spring Lake. The property's zoning permits residential, recreational, and forestry uses, offering flexibility for future development. With a total of 4,306 square feet, a net rentable area of 2,866 square feet, and a pro-forma NOI of $70,000, this property offers a compelling 10.01% pro-forma cap rate. The asking price is $699,000, translating to $162.33 per square foot. The property is anticipated to be available for occupancy on September 1, 2024. This unique property offers a blend of established income and significant upside potential, making it an ideal investment for those seeking a tranquil lakeside retreat with substantial return. The property's APN is 40083.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Hayward
- County
- Sawyer
- State
- Wisconsin
- Longitude
- -91.3867
- Latitude
- 45.9467
