3111 Masterpiece Rd - Stunning Lakefront Wedding Venue - Fantastic
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3111 Masterpiece Rd - Stunning Lakefront Wedding Venue - Fantastic
14,077 SF Specialty Building Offered at $6,600,000 at a 5.45% Cap Rate in Lake Wales, FL 33898
Investment Highlights
- Lakefront high end wedding venue - Central FL. This is a STRICT long term leaseback for an investor or investor group.
- Strong Tenant assumes all responsibility for maintenance, upgrades and upkeep on the building and grounds.
- 14,077 SF on 2 lakefront parcels totaling on 10.87 AC. 1st floor features common areas and with seating up to 160 people, 200 capacity.
- Proposed 25 year, absolute NNN lease. Owner benefits from steady monthly income and an appreciating asset, in fast growing Central FL.
- Tenant P & L's demonstrate a strong 2023 & 2024 performance, with 250+ events already scheduled for 2025, and beyond.
- The second floor features 12 distinct guest suites, many of which have been fully renovated, including a gorgeous bridal suite.
Executive Summary
SEE PROPERTY BROCHURE FOR ALL DETAILS!
We are pleased to present this majestic Wedding Retreat and Lodging venue in Central Florida. This is STRICTLY a sale, lease back opportunity, offering an absolute triple net, long term lease with possible renewals. With 250+ events already scheduled in 2025, and consistent bookings coming for 2026 and beyond, this venue offers a consistent monthly return to an investor, while being self sustaining and cared for by the Tenant.
The property almost defies description, offering a gorgeous, historic main building with inside capacity for 200 people, a reception and bar area, caterer's kitchen, phenomenal bridal dressing/green room, and also a wonderful office area. On the second floor are 12 distinctly individual rooms for wedding guests, including the bridal suite.
With over $200,000 spent in capex and upgrades over the past two years, the venue has established itself as one of premier wedding destinations in Central Florida, and indeed the State. This initial offering consists of an offer for a 25 year absolute triple net lease, with a $30,000 per month lease payment.
We are pleased to present this majestic Wedding Retreat and Lodging venue in Central Florida. This is STRICTLY a sale, lease back opportunity, offering an absolute triple net, long term lease with possible renewals. With 250+ events already scheduled in 2025, and consistent bookings coming for 2026 and beyond, this venue offers a consistent monthly return to an investor, while being self sustaining and cared for by the Tenant.
The property almost defies description, offering a gorgeous, historic main building with inside capacity for 200 people, a reception and bar area, caterer's kitchen, phenomenal bridal dressing/green room, and also a wonderful office area. On the second floor are 12 distinctly individual rooms for wedding guests, including the bridal suite.
With over $200,000 spent in capex and upgrades over the past two years, the venue has established itself as one of premier wedding destinations in Central Florida, and indeed the State. This initial offering consists of an offer for a 25 year absolute triple net lease, with a $30,000 per month lease payment.
Property Facts
| Price | $6,600,000 | Building Class | B |
| Price Per SF | $469 | Lot Size | 10.87 AC |
| Sale Type | Investment | Building Size | 14,077 SF |
| Cap Rate | 5.45% | No. Stories | 2 |
| Sale Conditions | Sale Leaseback | Year Built | 1925 |
| Property Type | Specialty | Parking Ratio | 2.13/1,000 SF |
| Property Subtype | Lodge/Meeting Hall |
| Price | $6,600,000 |
| Price Per SF | $469 |
| Sale Type | Investment |
| Cap Rate | 5.45% |
| Sale Conditions | Sale Leaseback |
| Property Type | Specialty |
| Property Subtype | Lodge/Meeting Hall |
| Building Class | B |
| Lot Size | 10.87 AC |
| Building Size | 14,077 SF |
| No. Stories | 2 |
| Year Built | 1925 |
| Parking Ratio | 2.13/1,000 SF |
Amenities
- Property Manager on Site
- Signage
- Waterfront
- Air Conditioning
- Smoke Detector
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $0 | Total Assessment | $1,053,086 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,053,086
zoning
| Zoning Code | LR (LR - Unincorporated Polk City) |
| LR (LR - Unincorporated Polk City) |
Contacts
-
Craig Morby -
Eric Ammon -
Shea Booster -
SVN | Saunders Ralston Dantzler Real Estate
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3111 Masterpiece Rd - Stunning Lakefront Wedding Venue - Fantastic
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