$1,375,000
5088 E Indiana Beach RD Monticello, IN 47960
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Listed by Adam McNeil • Wisely Commercial Realty
$1,375,000
Est. payment /mo
3,376 SqFt
UPDATED:
08/28/2024 10:48 PM
Key Details
Property Type Commercial
Sub Type Hotel/Motel
Listing Status Active
Purchase Type For Sale
Square Footage 3,376 sqft
Price per Sqft $407
MLS Listing ID 21998697
Year Built 1980
Tax Year 2023
Lot Size 10,018 Sqft
Acres 0.23
Property Description
Introducing ALEXANDER'S LANDING, a charming lakefront resort hotel located at 5088 E INDIANA BEACH RD, MONTICELLO, INDIANA. Nestled on the shores of Lake Shafer, this picturesque property is just steps away from the renowned Indiana Beach Amusement Park. Boasting nine cozy units that can accommodate up to 56 guests, this turnkey hotel has a stellar reputation, solid financials, and a high ROI. The current NOI stands at $160,304, offering an attractive Cap Rate of 11.66%. Guests at ALEXANDER'S LANDING can bask in a year-round experience with stunning lake views, two-story deck access, and convenient docking for boats. The resort's well-appointed rooms feature kitchen facilities and spacious living areas, providing a comfortable retreat for families, groups, and corporate events. With multiple awards and a 4.5-star Google rating, this top-rated hotel is a sought-after destination for those seeking relaxation and adventure in Monticello, Indiana. Embrace the opportunity to own a thriving hospitality business in a prime waterfront location - ALEXANDER'S LANDING awaits! A full offering memorandum is available on Crexi
Location
State IN
County White
Zoning Com Motels/tourist Cabins
Interior
Fireplace N
Exterior
Utilities Available Cable Connected, Electricity Connected, Gas, Sewer Connected, Well
Building
Story 2
New Construction false
Schools
Middle Schools Union Township Middle School
High Schools Wheeler High School
School District Union Township School Corp
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