9293N County HwyHayward, WI 54843

Property Details for 9293N County Hwy

Lot size

12.57 AC

Property size (Sq ft)

4,306 SF

Property type

Mixed-use properties

Property subtype

Hospitality properties

Description

This exceptional investment opportunity presents the Wilderness Haven Resort, a profitable hospitality and mixed-use property nestled on over 12 acres in Hayward, Wisconsin. The resort boasts five charming seasonal log cabins, each equipped with modern amenities including water, septic, window air conditioning, gas fireplaces, full kitchens, and sleeping quarters. Cabin sizes range from 336 to 996 square feet, offering a variety of accommodations. The resort also features a substantial lodge with 1440 square feet of finished lower-level space and an additional 3600 square feet of unfinished space on the main and upper levels, presenting significant expansion potential. Currently operating as a successful seasonal resort, primarily rented weekly during spring, summer, and fall, the property includes pontoons for guest use on Spring Lake. The property's zoning permits residential, recreational, and forestry uses, offering flexibility for future development. With a total of 4,306 square feet, a net rentable area of 2,866 square feet, and a pro-forma NOI of $70,000, this property offers a compelling 10.01% pro-forma cap rate. The asking price is $699,000, translating to $162.33 per square foot. The property is anticipated to be available for occupancy on September 1, 2024. This unique property offers a blend of established income and significant upside potential, making it an ideal investment for those seeking a tranquil lakeside retreat with substantial return. The property's APN is 40083.

Location Insight

City

Hayward

County

Sawyer

State

Wisconsin

Latitude

45.9467

Longitude

-91.3867

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