UPDATED:
Key Details
Property Type Commercial
Sub Type Hotel/Motel
Listing Status Active
Purchase Type For Sale
Subdivision James Eldridge Surv #73 Abs
MLS Listing ID 21022508
Total Fin. Sqft 2200
Year Built 1959
Annual Tax Amount $6,109
Lot Size 0.728 Acres
Acres 0.728
Property Sub-Type Hotel/Motel
Property Description
Its prime location across from the city park and within walking distance to the river, Coopers BBQ concerts, 1982 Pizza, The Ice House, and Concho Coffee Shop ensures strong year-round guest demand.
The sale includes both the real estate and established business, currently operating at a 10.28% cap rate. The offering conveys with the business name, website, phone numbers, client database, all furniture, fixtures, appliances, bedding, linens, and active short-term rental accounts with reservations in place.
This is a rare opportunity to acquire a fully operational hospitality business in a growing Texas travel destination. Schedule your private tour today and see why The Ranch House is a standout investment.
Location
State TX
County Tom Green
Zoning None
Direction Turn into Playland Park off Main St. in Christoval, The Ranch House is on the left across from the city park.
Interior
Heating Heat Pump
Cooling Wall Unit(s)
Flooring Laminate, Other, Tile
Heat Source Heat Pump
Exterior
Utilities Available Electricity Connected, Rural Water District, Septic
Roof Type Metal
Garage No
Building
Lot Description Cleared, Few Trees
Foundation Slab
Structure Type Stucco
Others
Ownership NO NAME RANCH HOLDINGS LLC
Acceptable Financing 1031 Exchange, Cash, Conventional
Listing Terms 1031 Exchange, Cash, Conventional
Special Listing Condition Aerial Photo
Virtual Tour https://www.propertypanorama.com/instaview/ntreis/21022508
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As a resident of the Lakewood/East Dallas community Marissa can provide personal insight into our neighborhood. As a native of Dallas, Marissa attended SMU to obtain her business degree from the Cox School of Business, after 10 years in corporate America her experience in negotiating with International firms transfers directly into her real estate business. High Integrity, honesty, and a passion for people make working with Marissa a delight. As a by-referral realtor Marissa is 100% committed to you and your real estate goals. Marissa has extensive sales knowledge in various areas of the metroplex including, but not limited to Lakewood, Preston Hollow, Park Cities, Hollywood Heights, M Streets, and Lake Highlands.