$1,799,000
OPERATING LAKEFRONT RESORT WITH EXPANSION OPPORTUNITY SEEKING OWNER-OPERATOR, INVESTOR, OR TIME-SENSITIVE 1031 EXCHANGE BUYER FOR THIS LAKE GRIFFIN & HARRIS CHAIN OF LAKES PROPERTY. A truly distinctive Central Florida investment where "Old Florida" meets a fully renovated hospitality property. "PROOF OF CONCEPT" and "ACTIVE REVENUE STREAMS" has been established. Originally operated as a fish traditional camp, this 2.79 acre property has been fully restored and updated. The current owner has invested over $1,000,000 in renovations & improvements. Set along the shores of Lake Griffin with over 600' of shoreline & full access to the Harris Chain, the property offers a rare combination of short & long-term lodging, boating storage and added potential income streams. Existing operations include an innkeeper/owner residence, (4) rental Bungalows, boat ramp/launch, boat slips/moorings, waterfront dock, retail store, 24'x 60' steel building, live bait shop & pump house. The Bungalows provide current income, while offering flexibility with a variety of operating models including short-term rentals, furnished monthly rentals, annual leases, or a combination. The property also includes a "fully approved" Conditional Use Permit allowing for the construction of (6) addl. rental Bungalows, creating a (10) unit resort once fully developed. Current cash-flow also includes rentals of the existing (15) covered & uncovered boatslips/moorings, along with boat, trailer & vehicle storage. The retail building offers an opportunity as either a future guest Bungalow, or as a boater-oriented retail store offering snacks, beverages, fishing gear & supplies, apparel, licenses & lake necessities. With approved permitting, the steel building could also be monetized as a marine mechanic's garage, boat & motor repairs, or vehicle & equipment storage. With the extensive lake frontage & dock access, the property could also become an event destination offering Live Entertainment, Weddings, Parties, Food Truck Service, etc. and only limited by your imagination & approved permitting. All of the above development opportunities can substantially increase the resort's lodging capacity & income potential. Most compelling is the flexibility the property offers to different types of buyers. The property's diversity creates a compelling opportunity for an owner-operator, boutique hospitality investor, boating/fishing enthusiast, or a 1031 Exchange Buyer. An owner-occupant could live in the innkeeper's residence while leasing the cottages, boatslips & other service. A hospitality operator could operate the Bungalows as a boutique Airbnb destination and rent out all the other facilities. An pure investor could combine short-term, furnished monthly's, along with annual rentals to balance revenue & occupancy. A developer could build-out the additional (6) Bungalows for expansion, while adding boating, storage, mechanic services & other income streams. This is far more than a small multi-unit property! It's a rare opportunity to acquire a "PROVEN CONCEPT" that delivers immediate & future income streams, direct lake frontage & chain access, boating infrastructure, an owner's residence, permitted expansion & immediate revenue streams upon acquisition. Properties offering this type of diversity and operating options are exceptionally difficult to find and or replicate. Call today for more info or to schedule a private showing.
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SubDv.
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34788
Zip Code
33737 Shady Acres Road, Leesburg