100 Indian Paint Brush Rd Concan, TX 78838
- Hospitality properties
- 3,287 SF
- 1.00 lot acres
Current Use by Public Records
- Hospitality properties
Property Details for 100 Indian Paint Brush Rd
- Year built
- 2007
- Lot size
- 1.00 lot acres
- Property size
- 3,287 SF
- Property type
- Hospitality properties
- Property subtype
- Motels
Description
This exceptional 3-building motel, known as Pura Vida, presents a lucrative investment opportunity in the desirable Texas Hill Country. Boasting a prime location at 100 Indian Paint Brush Rd, Concan, TX 78838, this property offers 3,287 square feet of space on a 1-acre lot. Built in 2007, the two-story structure includes a main house of 2393 square feet and a detached casita of 894 square feet, accommodating up to 20 guests. The property features a 45-foot long poolside cabana, perfect for entertaining. Operating as a successful vacation rental, Pura Vida achieved 117 rental nights in 2023, commanding a peak season rate of $975 per night and an off-season rate of $500 per night. The property is zoned residential (Res) and is offered at $975,000, translating to $296.62 per square foot. This turnkey operation is ideal for an owner/user seeking a high-return vacation rental investment, potentially suitable for a 1031 exchange. The property's stunning mountaintop location provides breathtaking views and easy access to the region's renowned rivers. This is a rare opportunity to acquire a well-established and highly profitable hospitality business in a sought-after Texas Hill Country location.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Concan
- County
- Uvalde
- State
- Texas
- Longitude
- -99.7023
- Latitude
- 29.516
