34243 Co Hwy Park Rapids, MN 56470
- Hospitality properties
- 12,799 SF
- 66.00 lot acres
Current Use by Public Records
- Hospitality properties
Property Details for 34243 Co Hwy
- Lot size
- 66.00 lot acres
- Property size
- 12,799 SF
- Property type
- Hospitality properties
- Property subtype
- Hotels
Description
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.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Park Rapids
- County
- Becker
- State
- Minnesota
- Longitude
- -95.2759
- Latitude
- 47.0684
