9% CAP with HUGE Upside! Rare Opportunity 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 150+ active members averaging $1,075 annually, the business generates a stable cash flow supported by a $121,000 NOI and an 8.94% cap rate. 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.