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340 Central Ave - Lake Freedom Fishing Club (Private) 1,200 SF Specialty Building Offered at $1,350,000 at a 8.94% Cap Rate in Carlisle, OH 45005
INVESTMENT HIGHLIGHTS
- 94 acres | 78 acres of water | 70 ft depths
- Professionally managed fishery ecosystem (Jones Fishery)
- Secure gated entry with strong branding and online presence (www.lakefreedom.com )
- 150+ active members | NOI: $121,000 | 8.05% cap rate
- Capital improvements complete; 10+ rental boats and multiple docks
- Future upside: events, cabins, tournaments, F&B, corporate memberships
EXECUTIVE SUMMARY
9% CAP with HUGE Upside! Rare Opportunity 94-Acre Private Fishing & Recreation Club – Real Estate + Business
Lake Freedom Fishing Club is a one-of-a-kind investment opportunity located in Carlisle, Ohio. This 94-acre private property (78 acres of pristine water) combines both income-producing real estate and a thriving membership-based business.
The Club offers members exclusive access to a professionally managed, fully stocked lake featuring largemouth and smallmouth bass, striper bass, trout, walleye, catfish, crappie, and more. Amenities include rental fishing boats, docks, launches, hiking trails, picnic areas, and secure gated entry — all designed to create a premier recreational experience.
With 150+ active members averaging $1,075 annually, the business generates a stable cash flow supported by a $121,000 NOI and an 8.94% cap rate. Rolling 12-month memberships provide predictable revenue throughout the year, and all capital improvements have been completed — making this a turnkey operation.
Significant upside exists through expansion opportunities such as event pavilion rentals, corporate memberships, weekend lodging, food & beverage operations, tournaments, and fishing camps.
Lake Freedom Fishing Club is a one-of-a-kind investment opportunity located in Carlisle, Ohio. This 94-acre private property (78 acres of pristine water) combines both income-producing real estate and a thriving membership-based business.
The Club offers members exclusive access to a professionally managed, fully stocked lake featuring largemouth and smallmouth bass, striper bass, trout, walleye, catfish, crappie, and more. Amenities include rental fishing boats, docks, launches, hiking trails, picnic areas, and secure gated entry — all designed to create a premier recreational experience.
With 150+ active members averaging $1,075 annually, the business generates a stable cash flow supported by a $121,000 NOI and an 8.94% cap rate. Rolling 12-month memberships provide predictable revenue throughout the year, and all capital improvements have been completed — making this a turnkey operation.
Significant upside exists through expansion opportunities such as event pavilion rentals, corporate memberships, weekend lodging, food & beverage operations, tournaments, and fishing camps.
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$140,253
|
$116.88
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$140,253
|
$116.88
|
| Net Operating Income |
-
|
-
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $140,253 |
| Annual Per SF | $116.88 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $140,253 |
| Annual Per SF | $116.88 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
PROPERTY FACTS
| Price | $1,350,000 | Building Class | B |
| Price Per SF | $1,125 | Lot Size | 92.00 AC |
| Sale Type | Investment or Owner User | Building Size | 1,200 SF |
| Cap Rate | 8.94% | No. Stories | 1 |
| Property Type | Specialty | Year Built/Renovated | 2019/2024 |
| Property Subtype | Marina | Parking Ratio | 62.5/1,000 SF |
| Zoning | C - 499 - OTHER COMMERCIAL STRUCTURES | ||
| Price | $1,350,000 |
| Price Per SF | $1,125 |
| Sale Type | Investment or Owner User |
| Cap Rate | 8.94% |
| Property Type | Specialty |
| Property Subtype | Marina |
| Building Class | B |
| Lot Size | 92.00 AC |
| Building Size | 1,200 SF |
| No. Stories | 1 |
| Year Built/Renovated | 2019/2024 |
| Parking Ratio | 62.5/1,000 SF |
| Zoning | C - 499 - OTHER COMMERCIAL STRUCTURES |
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PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $9,360 | |
| Land Assessment | $106,970 | Total Assessment | $116,330 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$106,970
Improvements Assessment
$9,360
Total Assessment
$116,330
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340 Central Ave - Lake Freedom Fishing Club (Private)
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