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9978 Gappa Rd
Kabetogama, MN 56669

$3,000,000 USD

Hotel For Sale  •  15,361 SF

Property Details

  • Property Type Hotel
  • Total Building Size 15,361 SF
  • Lot Size 21.21 AC
  • Building Class C
  • Year Built 2002
  • Cap Rate 10.21 %
0 Transit Score
5 Walk Score

Description

Coldwell Banker has been engaged to exclusively market The Pine Aire Resort; nestled on Lake Kabetogama, with direct access to Voyageurs National Park. This remarkable property boasts 21 fully furnished cabins, 34 RV sites, 30 docks, and a fleet of 11 boats, ensuring guests enjoy a comfortable and memorable stay. Spanning over 21 acres with 1,000 feet of shoreline, The Pine Aire Resort offers not only a lucrative turn-key business but also immense potential for expansion. With ample undeveloped land, opportunities abound to enhance services, add accommodations, and optimize the main lodge, making it an enticing prospect for investors and visionary entrepreneurs in the hospitality industry.

Whether you're seeking a profitable venture or aiming to leave a mark in hospitality, The Pine Aire Resort offers an unparalleled opportunity to own a premier destination in one of nature's most captivating settings. Don't miss out on the chance to become part of this extraordinary legacy.

Highlights

Profitable as-is, potential to improve operations and increase profit
9+ acres of undeveloped land - add more RV spaces, build more cabins, build more boat storage, offer more amenitiew
Direct access to Voyageurs National Park

Property Flyers

Financial Summary (Actual)

Net Operating Income: $306,440 USD (2023)
Cap Rate: 10.21 %

Amenities

  • Restaurant
  • High Speed Internet Access
  • Patio
  • On-Site Bar
  • Public Access Wifi
  • Fully-Equipped Kitchen
  • Multi-Room Suites

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 50
Type: Surface
Included in Rent: Yes
Jeff Nobleza 773-677-5340 Coldwell Banker Commercial Realty
Jeff Nobleza 773-677-5340 Coldwell Banker Commercial Realty