Southern Comfort Lakeside Cabin Resort

Hospitality for Sale
Sale Pending/Contingent
Catylist Listing ID: 30833058
Property Subtypes: Resort, Vacation Rental(s)
Status: Pending/Contingent
Number of Units: 5 Units
Building Size (RSF): See Agent
Gross Building Area: See Agent
Gross Land Area: 160.33 Acres
Sale Price: $4,250,000
Unit Price: $850,000 Per Unit
Property Use Type: Business
Name of Establishment: Southern Comfort Lakeside Cabin Resort
Sale Terms: Other
Cap Rate: Undisclosed
Last Updated: 3/6/2023

Overview / Comments

160 ACRES OF PURE BEAUTY WITH 4 ADORABLE LOG CABINS, LAKE, MOUNTAINS & FARMHOUSE. Log cabins rest on a beautiful lake with stunning mountain views from every angle. Property provides 360 mountain views with views from the elevated doom that are breathtaking This very profitable and well managed resort has opportunities for expansion. Perfect building site elevated above the lake would be a perfect wedding venue, winery, or home site. Infrastructure in place to build 2 more cabins by the lake. Farmhouse provides another living quarter or could be rented for additional income. The cabins stay booked year around and provide a unique place for people to relax. Revenues of $338,978 in 2020 and $362,289 in 2021. Revenues can easily be increased by renting out the farmhouse. Prime location only minutes away from Wintergreen Resort, vineyards, breweries and 30 minutes from the Charlottesville area. Business and business assets sold with the property.

Additional Details

Nearest MSA: Charlottesville
County: Nelson
Tax ID/APN: 3873-99-7312
Retail Clientele: Tourist
Property Located Between: From Downtown Mall, Get on I-64 W in Albemarle County from VA-20 S/Monticello Ave, Take US-29 S to VA-6 W in Nelson County, Drive to State Rte 634, Turn right onto VA-6 W, Turn left onto State Rte 634, take driveway after the Lakeside Resort Sign
Property Visibility: Good
Largest Nearby Street: Gullysville Ln
Site Description: 4 cabins and a farmhouse are located on the land with an option to build 2 more cabins.
Total Number of Buildings: 5
Number of Stories: 2
Property Condition: Excellent
Year Built: 2016
Roof Type: Other
Construction/Siding: Wood Siding
Water Recreation: Hot Tub, Other
Exterior Description: A large lake for swimming, fishing, kayaking and more greets guests in the morning right outside of their cabin's back porch.
Parking Type: Surface
Parking Description: As needed
Heat Type: Electricity
Heat Source: Baseboard, Central, Wall Units
Air Conditioning: Other
Water Service: Well
Sewer Type: Septic
Legal Description: DIST:05 ADIAL-DUNCAN 010002036

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Demographic Statistics

Proximity: 5 miles
Total Population: 6,421
Median Age: 50.49
Households: 2,845


Photograph of Listing Agent

Gary Palmer

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