4475 Cth P, Rhinelander, WI 54501 Sold for $1,400,000 on 08/25/2021

• Property Type: HotelMotel
• Status: Sold
• Est. Square Footage: 10,866
• Attached Garage: No
• Body of Water: Clear
• Est. Waterfront Footage: 518
• County: Oneida
• Postal City: Rhinelander
• Township: Pelican
• Display City: Rhinelander
• MLS#: 190519
• Listing Company: First Weber - Minocqua
• Price/SqFt: $144
• Zip Code: 54501

4475 Cth P, Rhinelander, WI 54501 - Exceptional opportunity with options. The well established Clear Lake Inn & Resort along with the Beachcomber Lounge consists of three luxury lake lodges (2) 3 bedroom and (1) 4 bedroom, a 6-unit motel of which 5 are dual room efficiency suites, a bar/restaurant (voted best fish fry in Rhinelander) and attached 3-bedroom home. The landscaping is quite exquisite and the property as a whole has been remarkably well maintained. Being sold turn key, the current owners for the past 18 years are willing to stay on a bit to ensure a successful transition. The repeat annual rentals are excellent. For the investor who may want to diversify, there are options for dividing and selling off different parts of the business and/or lake lodges. The property is 3.5 acres and offers 518 ft of gorgeous ripple sand frontage and gin clear swimming waters.