This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
Pine Aire Resort 9978 Gappa Rd
20 Room Hotel Kabetogama, MN 56669 £2,347,350 (£117,368/Room) 10.21% Net Initial Yield
Investment Highlights
- Profitable as-is, potential to improve operations and increase profit
- Direct access to Voyageurs National Park
- 9+ acres of undeveloped land - add more RV spaces, build more cabins, build more boat storage, offer more amenitiew
Executive Summary
Owner Operator
Open from May to November
Financials and more detail available with a signed NDA
Proof of funds or bank letter needed to schedule a tour
We have a potential manager ready to interview to manage the resort
34 RV Hook-ups
We have an experienced resort manager with two deck hands wanting to interview to manage the resort for a new buyer if an position opens up.
We have a lender with Bremer Bank ready to finance this opportunity to the right buyer.
Financial Summary (Actual - 2023) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
£239,774
|
£15.61
|
Financial Summary (Actual - 2023)
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income | |
|---|---|
| Annual | £239,774 |
| Annual Per SF | £15.61 |
Property Facts
Amenities
- Restaurant
- High Speed Internet Access
- Patio
- On-Site Bar
- Public Access Wi-Fi
- Fully-Equipped Kitchen
- Multi-Room Suites
About 9978 Gappa Rd , Kabetogama, MN 56669
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.
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 20 | £179.18 | - |
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | £398,580 | |
| Land Assessment | £221,668 | Total Assessment | £620,248 |
PROPERTY TAXES
-
Jeff Nobleza -
Craig Weber -
Coldwell Banker Commercial Realty
Presented by
Pine Aire Resort | 9978 Gappa Rd
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.