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Riverside Motel 10429 State Road 27 15 Room Hotel Hayward, WI 54843 $1,500,000 ($100,000/Room)
Investment Highlights
- Situated on Lake Hayward with Dock Access
- ATV/UTV and Snowmobile Trails
- Meticulously Remodeled Owner's Residence
- Off of a major State Highway in a Destination Area
- Five Lakeside Rooms with Outdoor, Lakeside Decks
Executive Summary
Exceptional investment opportunity on the shores of Lake Hayward! This well-maintained motel features 15 rentable rooms, including 5 lakeside rooms w/ lakeside decks, 10 other rooms (one w/ a lake view), offering a mix of comfort & scenery to suit a variety of guests. Several rooms & bathrooms have been tastefully remodeled & all units feature new beds, frames & furniture for a fresh & inviting experience. Guests will love the patio by the water, private dock, firepit area & fish cleaning house. Canoes & kayaks are available for rent onsite. A private owner’s quarters w/ lakeside deck & a newly remodeled main level (brand new kitchen!) provides a perfect on-site living situation or management setup. Ideally located on Snowmobile Trail #31 & the Hayward walking trail, the property is a hub for year-round recreation: ATV/UTV riding, fishing, hiking, skiing & more. Just steps from mini-golf & go-karts & walking distance to downtown Hayward, shopping & dining.
Property Facts
| Price | $1,500,000 | Building Size | 7,464 SF |
| Price Per Room | $100,000 | No. Rooms | 15 |
| Sale Type | Investment | No. Stories | 2 |
| Sale Condition | 1031 Exchange | Year Built | 1956 |
| Property Type | Hospitality | Parking Ratio | 1.33/1,000 SF |
| Property Subtype | Hotel | Corridor | Exterior |
| Building Class | C | Opportunity Zone |
Yes
|
| Lot Size | 0.66 AC | ||
| Zoning | Commercial - Commercial is intended to provide for the orderly & attractive grouping...of retail stores, shops, offices & similar commercial establishments. | ||
| Price | $1,500,000 |
| Price Per Room | $100,000 |
| Sale Type | Investment |
| Sale Condition | 1031 Exchange |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 0.66 AC |
| Building Size | 7,464 SF |
| No. Rooms | 15 |
| No. Stories | 2 |
| Year Built | 1956 |
| Parking Ratio | 1.33/1,000 SF |
| Corridor | Exterior |
| Opportunity Zone |
Yes |
| Zoning | Commercial - Commercial is intended to provide for the orderly & attractive grouping...of retail stores, shops, offices & similar commercial establishments. |
Amenities
- High Speed Internet Access
- Patio
- Public Access Wifi
- Smoke-Free
- Multi-Room Suites
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 1 | $195.00 | - |
| Guest Room | 14 | $165.00 | - |
1 1
Property Taxes
| Parcel Number | 236-941-27-2114 | Improvements Assessment | $334,100 |
| Land Assessment | $183,700 | Total Assessment | $517,800 |
Property Taxes
Parcel Number
236-941-27-2114
Land Assessment
$183,700
Improvements Assessment
$334,100
Total Assessment
$517,800
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Riverside Motel | 10429 State Road 27
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