Address
1025 Newton Stewart Road French Lick, IN
Price
$ 1,250,000
Property Attributes
  • MLS#202026010
  • TypePending
  • CountyORANGE
  • CityFrench Lick
  • AreaJackson
  • Zip47432
  • StyleHotel & Motel
  • Year Built1991
  • Taxes4883
  • Price$ 1,250,000
  • Bedrooms0
  • Full Bathrooms13
  • Half Bathrooms0
  • Sqr Footage540
  • Lot Size5.48 Acres
Listing Provided Courtesy Of:
Brooks Galloway with Brooks Galloway Real Estate
Data Source:
Indiana Regional MLS (IRMLS)
Property Description

French Lick Cabins/Patoka Lake Village, 1025 Newton Stewart Road, French Lick,In Minutes to boat ramps and USA Land THE OWNERS ARE RETIRING! Your opportunity to own an established lodging business! 11 Log Cabins with 2 having basement rentals plus a Log Office/Home Building with a basement which could be converted into another rental. Each are fully furnished including appliances, 2 units have hot tubs. Also included is the Good Will, Future Reservations,French Lick Cabins, LLC at Patoka Lake Village,60" Toro My Ride, Kubota RTV with snow plow. There is a fish cleaning station. Each cabin is connected to a mound septic system for this development. 5.492 Acres of land with room to expand. Possible expansion includes boat storage, RV Hook ups, more rentals or anything a new owner wants. This is an excellent opportunity to purchase and existing and established business with instant income! Asking $1,250,000! Arial video: https://youtu.be/z87pJS7WyBE

Price History
7/8/2020 Listed $1,250,000

General Features

# of Buildings 12
Age 30
Agent First Name Brooks
Agent Last Name Galloway
Bathrooms 13
Ceiling Height 8'
Cooling Central Air
Flooring Laminate, Other, Vinyl
Heating Electric, Forced Air
Legal Description PT S 1/2 NW SECTION 26, T-1-S R-2-W 1.476 ACRES & PT NW NW SECTION 26, T-1-S R-2-W 4.016 ACRES 5.482 ACRES TOTAL
Listing Area Orange County
New Construction No
Parking Yes
Parking Gravel, Lot, Off-Street, Private
Present Use Bus. Included w/Property, Investment Property
REO No
Roof Asphalt, Shingle
Sewer Other, Private, Septic
Special Features 220 Volts, Drapes
Status Pending
Status Pending
Stories 1
Subdivision None
Tax Year 2020
Type Hotel & Motel
Virtual Tour https://youtu.be/z87pJS7WyBE
Year Built 1991

Interior Features

Basement Y/n Yes
Basement/Foundation Crawl, Finished, Full Basement, Outside Entrance Only, Slab, Walk-Out Basement
Burglar Alarm Y/n No
Fire Protection Other, Volunteer
Interior Height 8'
Smoke/fire Alarm Y/n Yes
Walls Wood
Water Heater Y/n Yes

Exterior Features

Approx. Lot Size Acres 5.482
Construction Type 1 Log
Driveway Gravel, Shared
Exterior Log
Fence None
Lot Dimensions 5.482 ACRES
Lot Size Area 238796
Parking Type Ea cabin has parking& large lot/ boats
Road Access County
Security Light Y/n Yes
Sprinkler System Y/n No
Water Features Walk to Lake Access
Water Softener Y/n No
Waterfront Y/N No

Amenities

  • Views
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool


IDX information is provided exclusively for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS. IDX information is provided by the Indiana Regional MLS. Information last updated on May 7, 2021 8:39 AM UTC

Property vs Zip Code Average in 47432

Price
AVG $410K
$1.25M
Taxes
AVG $63,490
$4,883
Visits
AVG 26
13
Year Built
AVG 1973
1991

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