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Introducing ALEXANDER'S LANDING, a charming lakefront resort hotel located at 5088 E INDIANA BEACH RD, MONTICELLO, INDIANA. Nestled on the shores of Lake Shafer, this picturesque property is just steps away from the renowned Indiana Beach Amusement Park. Boasting nine cozy units that can accommodate up to 56 guests, this turnkey hotel has a stellar reputation, solid financials, and a high ROI. The current NOI stands at $160,304, offering an attractive Cap Rate of 11.66%. Guests at ALEXANDER'S LANDING can bask in a year-round experience with stunning lake views, two-story deck access, and convenient docking for boats. The resort's well-appointed rooms feature kitchen facilities and spacious living areas, providing a comfortable retreat for families, groups, and corporate events. With multiple awards and a 4.5-star Google rating, this top-rated hotel is a sought-after destination for those seeking relaxation and adventure in Monticello, Indiana. Embrace the opportunity to own a thriving hospitality business in a prime waterfront location - ALEXANDER'S LANDING awaits! A full offering memorandum is available on CrexiPROPERTY FEATURES
Levels : One
PROPERTY DETAILS
Street Address: 5088 Indiana Beach Road
City: Monticello
State: Indiana
Postal Code: 47960
County: White
MLS Number: 21998697
Year Built: 1980
Courtesy of Wisely Commercial Realty
City: Monticello
State: Indiana
Postal Code: 47960
County: White
MLS Number: 21998697
Year Built: 1980
Courtesy of Wisely Commercial Realty
Courtesy of Berkshire Hathaway Home