Property Description for 100 CEDAR AVENUE
Rare offering of nearly 6 acres of CT-zoned land (Commercial Tourism) just off the Mississippi River, fully approved for 30 seasonal trailer sites with significant potential. The site includes a newly drilled well, completed environmental and engineering studies, electrical design completed and approvals to expand the existing boat launch and marina to accommodate approximately 30 slips. Amenities include a volleyball court, basketball court, and a small beach area all designed to support a cash flow-positive seasonal operation. Many trailer lots offer waterfront views, enhancing long-term rental demand and user experience. An as-complete appraisal values the property near $4M, with projected annual income approaching $240,000.A rare waterfront investment with strong cash flow potential, full site approvals, and the added upside of possible zoning conversion for alternative future uses, perfectly positioned for long-term growth in a high-demand seasonal market. (id:38686)
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Property Details
Property Tax
: $7,429 (2024)MLS® #
: X12295406
Home Features
Property Type
: Vacant LandSquare Footage
: 6 SQFT
Exterior Features
Acreage
: 5.57
Utilities
Sewer
: ["Septic System"]
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