1985 County Road 223 Florence, TX 76527
This exceptional 38.81-acre property in Florence, Texas, presents a unique investment opportunity. Located just three minutes from US 183 North, this easily accessible location boasts a 3,000 square foot main hall, perfect for hosting large-scale events such as weddings and corporate gatherings. Multiple covered porches provide ample space for guests to relax and enjoy the picturesque surroundings. A separate bathroom building ensures convenience and comfort. The property also includes functional equestrian facilities, featuring corrals, a stable, and an arena, catering to a diverse range of potential uses. Extensive outdoor amenities include substantial built-in BBQ pits and cabanas, ideal for concessions or catering services. The property's beauty is further enhanced by a spring-fed lake, approximately one acre in size and fully stocked with fish. Currently under construction, a dedicated bride's quarters will offer breathtaking views of this tranquil lake. The surrounding countryside provides stunning vistas, creating an idyllic setting for any event or business venture. This versatile property offers a blend of event space, equestrian facilities, and natural beauty, making it an exceptional investment with significant potential for growth and profitability. The property is listed at $2,999,099.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.