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Riviera Resort 104 W Houghton Lake Dr 26 Room Hotel Prudenville, MI 48651 $1,783,600 CAD ($68,600 CAD/Room)

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INVESTMENT HIGHLIGHTS

  • Easily Accessible through M-55, US-127, & I-75.
  • The Property is Made up of 17 Total Units w/ the Four Buildings, Comprised of Hotel Rooms, Cottages, Studios, & a Beach House
  • Michigan North Central Area is a Large Submarket & Contains Around 15,000 Rooms Spread over 273 Properties.
  • Beautiful Lake Frontage with Amazing Views of Private Houghton Lake
  • Sully’s on The Lake is One of the Best Restaurants on Houghton Lake with Lake Views & Family Style Dining.

EXECUTIVE SUMMARY

MOXIE Real Estate + Development is pleased to list 104 W. Houghton Lake Drive, a prime opportunity for hospitality and resort investors. The building boasts 17 units, formally the home of Sully's on the Lake, one of the best restaurants on Houghton Lake. Located on Houghton Lake's East Bay, this property is poised to deliver outstanding returns for savvy investors looking to capitalize on the vibrant hospitality and resort market in Prudenville.

PROPERTY FACTS

Price $1,783,600 CAD
Price Per Room $68,600 CAD
Sale Type Investment
Property Type Hospitality
Property Subtype Hotel
Building Class C
Lot Size 1.14 AC
Building Size 16,304 SF
No. Rooms 26
No. Stories 1
Year Built 1889
Corridor Exterior
Zoning C-W

AMENITIES

  • On-Site Bar
  • Meeting Event Space
  • Public Access Wifi

ROOM MIX INFORMATION

DESCRIPTION NO. ROOMS DAILY RATE SF
Guest Room 26 $101.53 CAD -

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 003-585-001-0000
  • 003-345-001-0000
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$657,066 CAD
  • Listing ID: 38643926

  • Date on Market: 2024-05-28

  • Last Updated:

  • Address: 104 W Houghton Lake Dr, Prudenville, MI 48651

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