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.
33737 SHADY ACRES ROAD
LEESBURG, FL 34788
Listing
| Web ID: | 5843412 |
|---|---|
| Website: | https://www.nestseekers.com/5843412 |
Property
| Ownership: | Fee Simple |
|---|---|
| Type: | Unknown |
| Area: | 3933 sq ft |
| Lot Size: | 2.8 Acres |
Financials
Price:$1,799,000
Annual Taxes:$11,038
Description
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.
Amenities
- Accessible Washer Dryer
- Bathrooms
- Bb Hs Internet Capable
- Double Pane Windows
- Dryer
- Fencing
- Gated Community
- Insulated Windows
- Kitchen Facility
- Lake Privileges
- Natural Gas Available
- Oversized Lot
- Paved
- Phone Available
- Public
- Refrigerator
- Riprarian Rights
- Security Gate
- Security Lights
- Security System
- Smart Security System
- Smoke Detectors
- Solid Surface Counter
- Underground Utilities
- Visitor Bathroom
- Washer
- Water Connected
- Waterfront Property
- Window Treatments
Location
Contact
Listing Courtesy of ROCK SPRINGS REALTY, LLC