Current Use by Public Records
- Hospitality properties
Property Details for 18852 Fm 17
- Year built
- 1996
- Lot size
- 0.30 lot acres
- Property type
- Hospitality properties
- Property subtype
- Hotels
Description
This unique investment opportunity presents a charming six-unit bed and breakfast nestled atop a hill in Canton, Texas, overlooking the vibrant First Monday Trade Days. The property, known as Annie Oakley's Hotel, boasts 3,000 square feet across six buildings, each meticulously renovated in 2024. Each of the two-story units is fully furnished and equipped with modern amenities including TVs, microwaves, mini-fridges, and Keurig coffee bars. Each unit features a full bath and comfortably accommodates up to four guests with beds on the main floor and in a loft. The property benefits from a prime location, offering stunning views of Canton. Individual units rent for $190-$250 per night with a three-night minimum, generating substantial rental income. The property includes ample parking for guests. The land is held under a ground lease with a monthly payment of $400. The sale includes all buildings and furnishings; the land is not included in the sale. Built in 1996, this turnkey operation offers immediate income potential and a unique investment opportunity in a thriving tourist destination. The property is zoned commercial and sits on a 0.3-acre lot. The asking price is $99,000, representing a price per square foot of $33 and a price per bed of $4,125. The property features 24 beds and 6 keys. Air rights of 3,000 square feet are also included.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Canton
- County
- Van Zandt
- State
- Texas
- Longitude
- -95.8508
- Latitude
- 32.5546
