Lakeview Lodge

Hospitality for Sale
Catylist Listing ID: 30045830
Property Subtypes: Motel
Number of Units: 16 Units
Building Size (RSF): 8,000 SF
Gross Building Area: See Agent
Gross Land Area: 0.45 Acres
Sale Price: $1,485,000
Unit Price: $92,812.50 Per Unit
Property Use Type: Business
Building Name: Lakeview Lodge
Name of Establishment: Lakeview Lodge
Sale Terms: Cash to Seller
Cap Rate: 10.0%
Last Updated: 10/30/2017

Overview / Comments

The Lakeview Lodge is a 16 unit motel located in the lakeside community of Harrison, Idaho. Every room has a view over looking the trail of the CDA's and beautiful Lake Coeur d Alene. The Lakeview Lodge is the only motel on the south end of the lake. Harrison is a small historic community that caters to cyclists, boaters, motorcyclists, adventure seekers, hunters and fishermen. The Lodge is a dynamic growing enterprise. Rates have consistently increased over the last 12 years. Lakeview rooms consist of 4 king rooms, 5 standard two double or queen bed rooms, 3 kitchenette rooms, 1 combined or 2 separated rooms with full kitchen and two baths. Room 15 is a full one bedroom suite with full kitchen and oversized deck. New this season is room 16, located in the original office / managers suite. A new 575 sq.' office and multi purpose structure is being completed this spring (see drawings attached). Rooms are individually decorated in a lodge, cabin motif. Clients enjoy a very unique and personal experience. The Lodge was built in the 1960's and was completely renovated and rebuilt in 2009. Upgrades have continued each year. Adventure tourism is the wave of the future. The Lakeview Lodge is well positioned to enjoy a long and successful future. See the lodge website www.lakeviewlodge-harrison-idaho.com and the chamber of commerce website www.harrisonidaho.org.

Additional Details

Nearest MSA: Coeur d'Alene
County: Kootenai
Taxing Authority: Kootenai County
Tax ID/APN: 105310
Zoning: COMMERCIAL
Retail Clientele: Family, Traveler, Tourist, Recreation
Property Located Between: Coeur d Alene Lake and Hwy 97 South
Property Visibility: Excellent
Largest Nearby Street: Hwy 97 South
Feet of Frontage: 180
Highway Access: Hwy 97 South turns into Coeur d Alene Ave as it goes thru Harrison. Direct access off Hwy 97 South.
Site Description: Generally level and rectangular on top of hill overlooking the lake and trail of the CDA's.
Area Description: Harrison is a small historic community at the South end of Lake Coeur d Alene.
Nearby Attractions: Lake Coeur d Alene, Harrison, bike trails, fishing, boating, hiking, hunting, water skiing.
Total Number of Buildings: 2
Number of Stories: 2
Property Condition: Good
Year Built: 1962
Year Renovated: 2014
Roof Type: Hip
Construction/Siding: Wood Frame
Average Occupancy Rate: 31
Water Recreation: Other
Parking Type: Surface
Parking Description: 24 space gravel parking lot with plenty of room
Laundry: Shared
Heat Type: Electricity
Heat Source: Wall Units
Air Conditioning: Window Unit
Internet Access: Cable, Satellite
Interior Description: Nicely appointed theme rooms
Zoning Description: Commercial
Lot Frontage: 180
Lot Depth: 113
Water Service: Municipal
Sewer Type: Municipal
Easements: Utilities
Land Ownership: Fee
Legal Description: Three parcels, AIN 105310 + 131656 +125470; Crane Park Add to Harrison, Lt 1 EX TX # EX RW BLK 1 S01 T47N R4W

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