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29319260
29319261

340 Central Ave, Carlisle, OH 45005

Coldwell Banker Commercial Heritage
Listed by Coldwell Banker Commercial Heritage
$1,250,000
134 days on market
Updated 34 days ago

340 Central Ave

Details
Property Type Hospitality
Sub Type Hotel, Hospitality (+1)
Square Footage 1,200
Cap Rate 8.43%
NOI $105,359
Year Built 2019
Acreage 94.000
Zoning C

Hospitality

Marketing description

94-Acre Private Fishing & Recreation Club – Real Estate + Business

Lake Freedom Fishing Club is a one-of-a-kind investment opportunity located in Carlisle, Ohio. This 94-acre private property (78 acres of pristine water) combines both income-producing real estate and a thriving membership-based business.

The Club offers members exclusive access to a professionally managed, fully stocked lake featuring largemouth and smallmouth bass, striper bass, trout, walleye, catfish, crappie, and more. Amenities include rental fishing boats, docks, launches, hiking trails, picnic areas, and secure gated entry — all designed to create a premier recreational experience.

With active members paying an of $1,075 annually, the business generates a stable cash flow supported by rolling 12-month memberships provide predictable revenue throughout the year, and all capital improvements have been completed — making this a turnkey operation.

Significant upside exists through expansion opportunities such as event pavilion rentals, corporate memberships, weekend lodging, food & beverage operations, tournaments, and fishing camps.

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Listing Contacts

Coldwell Banker Commercial Heritage
Listed by Coldwell Banker Commercial Heritage

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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$105,359.00
$8,779.92/mo

Valuation Metrics

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DSCR
8.43%
Cap Rate
8.43%
ROI

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