965 Cr 439, Lake Panasoffkee, FL 33538

965 Cr 439, Lake Panasoffkee, FL 33538
Photo 1 of 1
$665,000
Sold on 6/13/16
Beds Baths Sq. Ft. Taxes Built
0.00 0 $3,200 2004
On the market: 158 days
View full details, 15 photos, school info, and price history
Live your dream and own one of the most breathtaking Marinas in the state of Florida. Retired or still working and looking for an income. This is a very versatile property with numerous options for great income and return on your investment. Easy 13+% NET CAP RATE just from the rental cottages, R/V lots, and boat slip rentals- WITHOUT even including the on site restaurant income potential. If the owner operates the restaurant and bait shop themselves the numbers go up 30-40%. Waterfront restaurant features indoor and outdoor seating for up to 75 persons that could be rented out . Open as a catch and cook along with a menu restaurant. Your guest would love to eat what they caught that day. A restaurant would become extra income and great asset to the area. There is a very nice 3/2 unit for the owners to live in, or choose a smaller unit and rent the larger one out. There are 28 boat slips, or 56 half slips for the average bass boat. Great income also comes in from the 13 R/V lots on site. Start your own kayaking, canoeing, jet ski, paddleboard or boat rental business or fishing tours. There are numerous ways to double your income possibilities. Seller will look at owner financing with a strong down payment. This is one of the best bass fishing lakes in Florida. Become the owner of a marina that is written up monthly in The Coastal Angler Magazine.
Listing courtesy of Kim Bennett, ALL FLORIDA REALTY & AUCTION C & ALL FLORIDA REALTY & AUCTION C