Current Use by Public Records
- Hospitality properties
Property Details for 3149 Tx-72
- Year built
- 1987
- Property type
- Hospitality properties
- Property subtype
- Hotels
Description
This exceptional 30-key hotel, situated on 12,374 square feet in Three Rivers, Texas, presents a compelling investment opportunity. Built in 1987 and boasting a single story design, the Bass Inn is ideally located adjacent to Choke Canyon National Park, attracting a consistent stream of tourists and outdoor enthusiasts. The property features 15 double rooms and 15 king rooms, ensuring diverse accommodation options. Recent upgrades include new boilers, doors, locks, LED lighting throughout, and new Hyatt furniture, all complemented by tile flooring. A substantial 2,000 square foot on-site apartment provides additional living space. The hotel's amenities contribute to high occupancy rates and repeat business. The asking price is $1,500,000, translating to $121.22 per square foot. Seller financing is available with 50% down, a 6% APR, and a 10-year amortization schedule. The property's strategic location and existing infrastructure offer significant potential for increased revenue streams through additions such as storage or RV parking. This represents a rare chance to acquire a well-maintained, high-demand hotel in a thriving Texas market. The current owner is out of state, presenting a unique opportunity for an owner-operator to maximize the property's potential.
Value Estimations
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Three Rivers
- County
- Live Oak
- State
- Texas
- Longitude
- -98.3018
- Latitude
- 28.4465
