1159, Shore, Holland, MI, 49423
Basics
- Date added: Added 4 hours ago
- Category: Commercial Sale
- Type: Business
- Status: Active
- Bathrooms: 17
- Lot size: 0.8 sq ft
- Year built: 1950
- Bathrooms Full: 17
- Lot Size Acres: 0.8 acres
- Business Type: Other
- County: Ottawa
- MLS ID: 26024468
Description
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Description:
Discover an Exceptional Investment Opportunity at 1159 South Shore Drive!
Step into a piece of history with this charming historical motel, ideally located just across the street from the bustling Central Market grocery store and mere steps away from the serene beauty of Lake Macatawa with 3 access points and beach.
Offering 14 fully operational monthly rentals, along with a cozy garage apartment and a private residence, this property presents a unique opportunity for investors looking to capitalize on the thriving short-term rental market.
With current NMU zoning regulations allowing for short-term rentals, the potential for increased revenue is immense. Imagine the possibility of converting this property back to its original glory of 20 guest rooms, maximizing your income potential and catering to the growing demand for vacation accommodations in this sought-after location.
Don't miss this rare chance to invest in a versatile property that promises significant financial rewards. Whether you're looking to grow your real estate portfolio, tear down and develop the property, or run a vacation rental/motel business, 1159 South Shore Drive is the perfect canvas for your vision!
Act now to secure this incredible investment opportunity!
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Location
- Directions: South Shore Drive to address. Directly across from Central Park grocery store
Building Details
- Building Area Total: 6000 sq ft
- Number Of Units Total: 14
- Construction Materials: Vinyl Siding
- Heating: Forced Air
- Roof: Composition
- Number Of Buildings: 3
Amenities & Features
- Parking Total: 17
- Inclusions: Real Estate
- Utilities: Natural Gas Available, Electricity Available, Natural Gas Connected, Electricity Connected
- Waterfront Features: Lake
- Cooling: Central Air
Fees & Taxes
- Tax Assessed Value: $227,382
- Tax Year: 2025
- Tax Annual Amount: $14,158
- Gross Income: $127,335.65
- Maintenance Expense: $10,377.69
- Insurance Expense: $8,685.95
- Manager Expense: 0
School Information
- High School District: Holland
Miscellaneous
- Road Surface Type: Paved
- CrossStreet: Elm and Myrtle
- Listing Terms: Conventional, Cash