7886 State Road 164

Hospitality for Sale
Sale Pending
Also listed as Multi-Family
Catylist Listing ID: 30703851
Property Subtypes: Recreation Cabins, Vacation Rental(s)
Status: Pending
Number of Units: 26 Units
Building Size (RSF): 27,516 SF
Gross Building Area: See Agent
Gross Land Area: 48.12 Acres
Sale Price: $2,900,000
Unit Price: $111,538.46 Per Unit
Property Use Type: Investment
Name of Establishment: Patoka 4 Seasons Resort
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 7/29/2021

Overview / Comments

Here is the opportunity of a lifetime to own a great business on a wonderful property. Patoka 4 Seasons Resort includes 48.12 acres that adjoin the 26, 000 acres of land and water of Patoka Lake. This paradise of a property has 25 cabins, a main office and camp store with living quarters, a pool with game room/pool house, maintenance barn, fish cleaning shack, and freezer for game animals for hunters. All of the cabins have been perfectly maintained, and many of them include hot tubs. All personal property associated with the business is included with the sale, including two 4-wheel drive SUVs, two 4-wheel drive trucks, one tractor with front-loader, one Grasshopper lawnmower, a flat bed trailer, and the valuable domain name www.patoka.com, which is where you can go to see more information! After 18 years of loving this property, the current owners have decided to retire and give someone else the opportunity to grab a very unique and highly desirable property with an impeccable reputation in the growing short term rental industry. Pictures of all cabins are available upon request. Financial data is available to interested parties who show proof of financial ability to purchase and sign a non-disclosure agreement.

"Disclosure and Waiver Prior to Physical Showings must be signed before showing."

Attachments & Media

Additional Details

Nearest MSA: Jasper
County: Crawford
Tax ID/APN: 13-05-03-101-001.000-009

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 1,284 2,141
Median Age: 44.93 43.49
Households: 541 891

Contact

Photograph of Listing Agent

Steve Lukemeyer

F.C. Tucker Commercial
ICREX Member
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