Cedar Oaks Lakeside Resort & Sully's Restaurant
104 W Houghton Lake Dr
Prudenville, MI 48651
Highlights
- Real Estate, Business, & Amenities Included in the Sale
- The Resort was Built in 1889 & Renovated in 2014
- Easily Accessible through M-55, US-127, & I-75
- Beautiful Lake Frontage with Amazing Views of Private Houghton Lake
- The Property is Made up of 17 Total Units w/ the Four Buildings, Comprised of Hotel Rooms, Cottages, Studios, & a Beach House
- Sully’s on The Lake is One of the Best Restaurants on Houghton Lake with Lake Views & Family Style Dining.
- Michigan North Central Area is a Large Submarket & Contains Around 15,000 Rooms Spread over 273 Properties. That adds up to about a Third of the Michigan North USA Market’s Hotel Inventory.
- As of April, 12-Month Average RevPAR in the Michigan North Central Area Hotel Submarket was Climbing at an Annual Rate of 2%.
Description
A prime opportunity for hospitality and resort investors. The building boasts exceptional facilities and amenities, promising a seamless and rewarding investment experience. With a strategic location and strong tenant demand, this property is poised to deliver outstanding returns for savvy investors looking to capitalize on the vibrant hospitality and resort market in Prudenville.
Prudenville, MI, is a quaint lakeside community with a thriving local economy. Situated in close proximity to local businesses, restaurants, and shops, the area offers a welcoming atmosphere for professionals and entrepreneurs. Houghton Lake provides opportunities for recreational activities, including fishing, boating, and waterfront dining. The property's convenient location offers easy access to major roadways and highways, making it an ideal investment for those seeking a strategic office or office building investment opportunity in a vibrant and growing community.
