This one is not off a highway it’s off of a Snowmobile/Motorbike path it also has a part that can be turned into an apartment. It’s on 4 acres I was thinking some small cabins could be built for snowmobiles or dirt bikes to stay. The guy said the pumps work and everything is updated I would be a little concerned about the tanks though.
Look into some of those pre built cabins - about 450 sq ft and sell for around $50-75k - but honestly the type of customer your talking about - it’s probably not worth it.
These are the people that will bitch when you charge $200+ a night - tear up places and if you have more than 1 cabin - 1 cabin with 4 drunks partying will piss off all your other guest.
I looked into doing these to rent out to rig hands/pipeline workers a while ago back home - had the land and a lot of people looking for temporary housing that’s affordable. In the end - wasn’t worth it - figure paying 50k a unit and renting at 1500 a month - 3 year break even best case.
They can easily tear up more than their deposit and downturns come quick and can wipe your equity out.
Better bet - focus on one side of things and sub let to others to do the capital intensive stuff like that - find someone who wants to maintain cabins and take 20% of the gross for allowing them to use the land. Even 10% - you have no risk and a built in customer base within waking distance.
Absolutely get liquor license - especially if the area doesn’t have any place selling booze nearby. Toss a bar and a few stools in there and offer single beers for $3 at carry out - place a sign saying no on site consumption - so your not liable for not having a bar license.
