35197 S Clamshell Dr
Pequot Lakes, MN 56472
Clamshell Beach Resort · Hospitality Property For Sale
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18 Rooms
Property Facts
| Property Type | Hospitality | No. Rooms | 18 |
| Property Subtype | Hotel | No. Stories | 3 |
| Building Class | B | Year Built | 2004 |
| Lot Size | 24.31 AC | Corridor | Exterior |
| Building Size | 6,898 SF | ||
| Zoning | Waterfront Commercial - Waterfront Commercial | ||
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 24.31 AC |
| Building Size | 6,898 SF |
| No. Rooms | 18 |
| No. Stories | 3 |
| Year Built | 2004 |
| Corridor | Exterior |
| Zoning | Waterfront Commercial - Waterfront Commercial |
Amenities
- Fitness Center
- Pool
- High Speed Internet Access
- Patio
- Meeting Event Space
- Tennis
- Public Access Wifi
- Smoke-Free
- Hot Tub
- Multi-Room Suites
About 35197 S CLAMSHELL DR , PEQUOT LAKES, MN 56472
This fully platted Lakefront Condominium Community has gracious lake level grounds with resort amenities like two heated swimming pools, community lodge building, sandy swimming beach, docking systems for multiple boats and much more! The property has 18 fully furnished cabins, 17 are being sold on a fractional basis, 95 (one tenth) fractions are available for sale with the opportunity to build 15 more cabins (150 similar fractions). The property has a majority of the infrastructure installed for the future cabins and the property offers both unit sales and rental income opportunities. The very stable rental income supports a unit sales a fantastic Lakefront real estate with a demonstrated a 12.83% Cap Rate and a 29.28% Cash on Cash return average over the past 3 years. A separate report with financial performance is available. A generous property manager salary has been used to determine the rates above and the current manager has agreed to offer training. Current owner is broker.
Property Taxes
| Parcel Numbers | Improvements Assessment | $4,761,200 | |
| Land Assessment | $8,452,400 | Total Assessment | $13,213,600 |
Property Taxes
