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3062 Highway 277

Carrizo Springs, TX 78834
  • $499,000
  • STATUS: Active
  • MLS #: 1587566
UPDATED: 52 min ago
$499,000
  • 0
    BEDS
  • 15.3
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 5,600
    SQFT
  • $89
    $/SQFT
Neighborhood:
Type:
Commercial
County:

School Ratings & Info

School District:

Description

Come take a look at this Incredible opportunity to own and operate your own Event Center and 21 room Lodge. A recent surge of new jobs in the area have encouraged the current owners to rehab additional units to bring online and it's substantially paid off. From October - December 2022, they collected $40,183 in Gross Rents. Proforma would give it an NOI of approx $112k! The Event Center used to be a bar with a Liquor License. It is currently being used as a temporary office. New owner will have many possibilities to use the space as they prefer, to additionally cash flow this property. This 21 Room Lodge has one larger unit, with a kitchenette, that would be perfect for a Manager's House. This includes 14 additional acres for future development. Located on Highway 277 in Carrizo Springs, TX with 832 feet of Highway frontage. Units are currently rented on a weekly basis but could easily be changed to daily Motel rental for increased revenue. Newly installed metal roof. A wonderful capital improvement that will last the new owners for many years. Perfect for a savvy investor looking for Core Plus or Value Add Property! Countless possibilities for development of undeveloped land which is located Outside of the City Limits. This will be perfect for an investor that wants to lease out the entire property or for an owner operator that would like to live on/off site. Consider this property for your 1031 Exchange, Buy and Hold property or Flip! Offering Memorandum upon request.

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© 2023 San Antonio Board of REALTORS® All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The Glover Homes & Land Group at Keller Williams Heritage. Last updated 2023-02-05T21:32:43.75.
www.gloverhomesandland.com/homes/125897603
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3062 Highway 277 Carrizo Springs, TX 78834

  • Price: $499,000
  • Status: Active
  • On Site: Days
  • Updated: 52 min ago
  • MLS #: 1587566
0
Beds
0
Baths
0
½ Baths
15.3
Acres
5,600
SQFT
$89
$/SQFT
Neighborhood:
Carrizo Springs
County:
Dimmit
Area:
Carrizo Springs
School District:
Carrizo Springs Cisd
Property Description
Come take a look at this Incredible opportunity to own and operate your own Event Center and 21 room Lodge. A recent surge of new jobs in the area have encouraged the current owners to rehab additional units to bring online and it's substantially paid off. From October - December 2022, they collected $40,183 in Gross Rents. Proforma would give it an NOI of approx $112k! The Event Center used to be a bar with a Liquor License. It is currently being used as a temporary office. New owner will have many possibilities to use the space as they prefer, to additionally cash flow this property. This 21 Room Lodge has one larger unit, with a kitchenette, that would be perfect for a Manager's House. This includes 14 additional acres for future development. Located on Highway 277 in Carrizo Springs, TX with 832 feet of Highway frontage. Units are currently rented on a weekly basis but could easily be changed to daily Motel rental for increased revenue. Newly installed metal roof. A wonderful capital improvement that will last the new owners for many years. Perfect for a savvy investor looking for Core Plus or Value Add Property! Countless possibilities for development of undeveloped land which is located Outside of the City Limits. This will be perfect for an investor that wants to lease out the entire property or for an owner operator that would like to live on/off site. Consider this property for your 1031 Exchange, Buy and Hold property or Flip! Offering Memorandum upon request.
Exterior Features

Construction WoodStuccoMetalMetal Structure Drive In Doors 0 Foundation SlabOther Loading Facilities None Rail Service No Roof CompositionMetal Total Parking 50

Interior Features

Air Conditioning CentralWindowOther Ceiling Height 9 Heating CentralWindow UnitOther

Property Features

Amenities Exterior LightingInside StorageOutside Storage Available With Lease No Building Center Name Texas Tea Lodge City Tax 0 Commercial Type Multi-Use County Tax 384.78 Flood Plain None Lease Only No Monthly Lease 0 Other Tax 120.78 Potential Short Sale No Proposed Terms Sale Only Rentals 22 Restrictions Deed Sale Includes BuildingsLandBusinessEquipmentFixturesInventoryLicenseOther Sale Rent For Sale School Tax 1360.28 Total Tax 1865.84 Utilities ElectricityWaterTelephoneSeptic Utility Supplier Elec Reliant Ener Utility Supplier Garbage Private Utility Supplier Gas N/A Utility Supplier Other Direct Tv Utility Supplier Sewer Septic Utility Supplier Water Well Zoning Commercial

Listing information © 2023 San Antonio Board of REALTORS®.
Listing provided courtesy of Patricia Chavez of Keller Williams Heritage: patriciachavez@kw.com, (210) 264-2087.


© 2023 San Antonio Board of REALTORS® All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The Glover Homes & Land Group at Keller Williams Heritage. Last updated 2023-02-05T21:32:43.75.
 
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San Antonio TX, 78232