This property consists of two parcels. 1414 33rd St SE is 8.56 acres of which 5 ( -) acres is the lake. 1410 33rd St SE is .97 acres. Property has an approval to withdraw over 10,000 gallons of potable water per day, Profit potential exceeds $365,000 per year. Property falls under PD zoning now and owners will allow some time to determine site plan proposals to the county. Seller has pre-opinion that a 100 room hotel and a 5000 square foot ALF can be built on the property. Property is visible from I-75. Based on an income producing proforma, the property can produce $1,000,000 plus in revenue from the water business, a 100 room hotel, 5000 square foot ALF and a 3100 square foot home (existing) PROPERTY IS BEING OFFERED IN AS IS CONDITION. The water business alone may be able to amortize a purchase mortgage to buy this property. Property could also be a good 100 room assisted living facility or even an apartment complex overlooking the lake.
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From Highway 674 go south on 33rd St SE to property (approximately one mile South of SR-674.