$500,000
$589,900
15.2%For more information regarding the value of a property, please contact us for a free consultation.
700 Park AVE N Park Rapids, MN 56470
0.41 Acres Lot
Key Details
Sold Price $500,000
Property Type Commercial
Sub Type Resort
Listing Status Sold
Purchase Type For Sale
Subdivision Auditors 03
MLS Listing ID 5293693
Sold Date 01/15/21
Year Built 1932
Annual Tax Amount $2,996
Tax Year 2020
Contingent None
Lot Size 0.410 Acres
Acres 0.41
Lot Dimensions 120xirreg
Property Sub-Type Resort
Property Description
Welcome to Riverside Point Resort/Motel. This beautiful property is well maintained and sits in the heart of town center on Fishhook River. It features 9 income producing units and a 4 bedroom owner's residence. 8 of the units are able to be rented on a year round basis. The convenience of this property attracts short stay patrons and provides the ideal alternative to traditional in-town hotel options. It has also been an 'Up North' vacation destination for decades catering to visiting audiences all seasons of the year. Riverside Point is being sold completely 'turn-key'. Furnishings, dishware, linens, boats and even the resort truck are all included. Sits on a gorgeous peninsula setting with level elevation, panoramic views, easy access to Fish Hook Lake and the Heartland Trail.
Location
State MN
County Hubbard
Zoning Other
Body of Water Fishhook River
Interior
Heating Dual, Forced Air, Fireplace(s), Radiant
Fireplace No
Exterior
Parking Features Detached, Concrete, Open
Garage Spaces 1.0
Utilities Available Electric Common, Heating Common, Hot Water Common
Waterfront Description River Front
View East, River
Present Use Hotel/Motel, Other
Building
Lot Description Irregular Lot, Tree Coverage - Medium
Foundation 8000
Sewer City Sewer/Connected
Water City Water/Connected
Structure Type Brick/Stone, Log Siding, Metal Siding, Wood Siding
Schools
School District Park Rapids
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