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3062 Highway 277

Carrizo Springs, TX 78834
  • $545,000
  • STATUS: Price Change
  • ON SITE: 91 Days
  • MLS #: 1587566
Price Reduced
UPDATED: 29 min ago
$545,000
  • 0
    BEDS
  • 15.3
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
County:

School Ratings & Info

School District:

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.

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© 2022 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 Excel Group | Keller Williams City View. Last updated 2022-05-19T19:32:56.427.
www.excelgroupkw.com/homes/125897603
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3062 Highway 277 Carrizo Springs, TX 78834

  • Price: $545,000
  • Status: Price Change
  • On Site: 91 Days
  • Updated: 29 min ago
  • MLS #: 1587566
0
Beds
0
Baths
0
½ Baths
15.3
Acres
Neighborhood:
Carrizo Springs
County:
Dimmit
Area:
Carrizo Springs
School District:
Carrizo Springs Cisd
Property 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.
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 Bar & Motel 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 N/A Utility Supplier Garbage Reliant Ener Utility Supplier Other Septic Utility Supplier Sewer Well Utility Supplier Water Private Zoning Commercial

Listing provided courtesy of Patricia Chavez of Keller Williams Heritage.


© 2022 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 Excel Group | Keller Williams City View. Last updated 2022-05-19T19:32:56.427.
 
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Excel Group | Keller Williams City View
15510 Vance Jackson Rd, Ste 101
San Antonio TX, 78249