$1,250,000
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12,508 SqFt
SOLD DATE : 10/21/2021
Key Details
Property Type Commercial
Sub Type Hotel/Motel
Listing Status Sold
Purchase Type For Sale
Square Footage 12,508 sqft
Price per Sqft $99
Subdivision Royal Oaks Sec 01
MLS Listing ID 14307982
Sold Date 10/21/21
Total Fin. Sqft 12508
Year Built 2008
Annual Tax Amount $8,211
Lot Size 0.630 Acres
Acres 0.63
Property Description
Fantastic! Highest rated hotel motel in Cedar Creek area with room to expand! Occupancy unaffected by Covid 19. Highly Profitable and updated with weekly and daily rates. Property is extremely well maintained and includes 17 Units. 10 suites include, queen bed, fold out, full size kitchen, and living area. 4 suites include, 2 beds, full size kitchen and living area. 2 Studios include, queen bed, mini fridge, microwave, and coffee maker. 1 Manager Suite with private garage, full size kitchen, laundry, living area and backyard. Full time manager can stay or leave with sale. Extremely high occupancy rate with long term and repeat guests. Awarded Best Hotel of 2019 and 2020! Business Hall Of Fame for 2 years!
Location
State TX
County Henderson
Zoning Comm
Direction From Dallas, take 175 S to (Kemp) exit 274 right, motel will be 12 miles down on left.
Interior
Heating Other
Cooling Other, Window Unit(s)
Flooring Carpet, Concrete, Vinyl
Heat Source Other
Exterior
Utilities Available City Sewer, City Water
Roof Type Metal
Parking Type Assigned, Common
Garage No
Building
Foundation Slab
Others
Ownership Of Record
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Conventional
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Bought with Bryan Reasor • Jeanette Anderson Real Estate
