34243 Co Hwy Park Rapids, MN 56470
Prime waterfront investment opportunity! This exceptional 66-acre resort boasts 13 fully furnished cabins, 3 campsites, and 836 feet of Boot Lake frontage near Park Rapids, MN. Built in phases (1930, 1950, 1999), with a 2022 renovation, the property includes 12,799 square feet across 17 buildings on 2 stories. The permitted waterfront commercial zoning allows for versatile use. All boats, motors, and recreational equipment are included in the $1,990,000 asking price. The resort features a sandy beach, ample dock space, and is ideal for hosting events. With 33 beds across 13 units, the resort offers a unique blend of luxury and adventure, promising high occupancy and strong rental income. The property is ready for immediate operation, with an occupancy date of August 26, 2024. This turnkey business offers a rare chance to own a thriving lakeside retreat in a desirable tourist destination. The property's spacious layout ensures guest privacy, while its amenities cater to a wide range of recreational activities. Don't miss this chance to acquire a well-established and profitable resort business.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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