$545,000
Available

3062 Highway 277

Carrizo Springs, TX 78834
Browse all 53 photos

Description

Incredible opportunity to own and operate your own Bar/Event Center and 21 room Motel. One of the rooms is a larger unit, with a kitchenette, that would be perfect for a Manager's House. This includes 14 additional acres for future development. Located off the main highway in Carrizo Springs, TX. Half of the motel is currently online and being rented out as weekly rentals. Seller has been making updates on the existing available rooms. The other half was taken offline due to recent storms. Insurance claim was made and settled. Price has been adjusted for an as-is sale. Property at this price,in its current state, pays for itself. Once the other portion of the property is brought back online, there is huge upside potential. 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. The Bar/Event Center currently has a liquor license in place. Buyer to verify continued use. 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 site. Consider this property for your 1031 Exchange, Buy and Hold property or Flip! Offering Memorandum upon request.
read more

  • Other
    • Source
      • MLS #:1587566

Location

Reggie HockReal Estate Group
  • Request Info
  • Schedule Showing

Interested in Purchasing 3062 Highway 277?

Get an estimate on monthly payments on this property.

Note: The results shown are estimates only and do not necessarily include accurate taxes or homeowner's insurance!

$100
Monthly Payment