MLS# 50082728 Property Type: Commercial/Industrial Active
Here is a TURN KEY opportunity that does not come across very often, a chance to own a 46 unit hotel in central Hancock! The Copper Crown has been a staple in Houghton and Hancock for decades! The property has been maintained and updated as necessary through the years to include the most recent updates such as the new membrane roof, newer siding, pool dehumidifier, and more. Included in the price are all of the necessary furnishings to operate the hotel immediately such as furniture, linens, etc. The hotel features a pool, hot tub, conference rooms, saunas, laundry room, and continental breakfast room. The unique aspect of this downtown property is that the property occupies 3 corners of the intersection. There is the hotel corner, a vacant 16,000 square foot lot that has been used for parking, and a storage building on the south side of Hancock St. The availability of all of this property allows for incredible potential to include operating the hotel with these other properties to support the hotel for parking or storage, or it could allow for something completely new! The cold storage building is approximately 3700 square feet and has been most recently been used for owner storage, but also interior snowmobile storage for winter customers. The property is located on Southbound US Highway 41 (Hancock St), 1/2 of a block off of the Main St of Hancock (restaurants, shopping, future grocery store), is a quick drive/walk/bike to the City of Houghton, close to Universities, hospitals, Portage Canal, and is in the heart of all of the Keweenaw Peninsula has to offer. The hotel is set to begin operations soon to restart the lodging tradition known as the Copper Crown! Don't miss this opportunity!!
Listing Provided Courtesy of DAVID JUKURI - CENTURY 21 AFFILIATED