3111 Masterpiece Rd | Lake Wales, FL 33898
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- LoopNet Team
3111 Masterpiece Rd
Lake Wales, FL 33898
Stunning Lakefront Wedding Venue - Fantastic · Specialty Property For Sale
·
14,077 SF
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.
PROPERTY FACTS
| Property Type | Specialty | Building Size | 14,077 SF |
| Property Subtype | Lodge/Meeting Hall | No. Stories | 2 |
| Building Class | B | Year Built | 1925 |
| Lot Size | 10.87 AC | Parking Ratio | 2.13/1,000 SF |
| Zoning | LR - LR - Unincorporated Polk City | ||
| 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 |
| Zoning | LR - LR - Unincorporated Polk City |
AMENITIES
- Property Manager on Site
- Signage
- Waterfront
- Air Conditioning
- Smoke Detector
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $32,982 | Total Assessment | $1,470,578 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$32,982
Improvements Assessment
$0
Total Assessment
$1,470,578
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