625 Nugent Ave Johnson City, TX 78636
- Bed & breakfasts
- 5,012 SF
- 5.65 lot acres
Current Use by Public Records
- Bed & breakfasts
Property Details for 625 Nugent Ave
- Year built
- 1984
- Lot size
- 5.65 lot acres
- Property size
- 5,012 SF
- Property type
- Bed & breakfasts
Description
This exceptional 5,012 sq ft hospitality property, located at 625 N Nugent Ave, Johnson City, TX 78636, presents a compelling value-add investment opportunity. The property, built in 1984, comprises six buildings on a 5.65-acre lot with unrestricted zoning, offering significant expansion potential. Currently operating as a Bed & Breakfast and Boutique Hotel with seven beds, the property boasts a charming atmosphere enhanced by mature oak trees and a unique chicken coop. The existing infrastructure includes a substantial solar panel installation and four Tesla battery storage units, significantly reducing utility costs. Currently operating at 33% occupancy, the pro-forma NOI is $134,000, yielding a 5.96% cap rate at the asking price of $2,250,000 ($448.92/sq ft). The property includes ten parking spaces and offers the potential for expansion into areas such as weddings, events, or a cooking school, capitalizing on the growing tourism industry in the Johnson City and Fredericksburg area. Financial details are available upon request. Showings require advance scheduling. The property is fee simple ownership with no ground lease.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Johnson City
- County
- Blanco
- State
- Texas
- Longitude
- -98.4092866
- Latitude
- 30.2860318
