70 Pace Park Rd Salado, TX 76571

Property Details for 70 Pace Park Rd

Year built

1970

Lot size

1.12 lot acres

Property size

615 SF

Property type

Commercial real estate

APN

61028

APU

61028

Description

This exceptional commercial property in the charming town of Salado, Texas, presents a unique investment opportunity. The 1.12-acre lot encompasses the highly sought-after Historic Salado Inn, a multi-faceted income-generating property. The centerpiece is the Village Venue, a substantial 3300-square-foot event center ideal for weddings and other large gatherings. Also included is a charming chapel, adding to the property's versatility and appeal. Currently, the Village Venue generates a strong monthly rental income of $5000. Adding to the income stream is the Baylor Cottage, currently leased to the Presley Boutique for $2500 per month. A further $1000 in monthly rental income is generated from the Tj Jones Company office space. This established and profitable property offers a blend of historical charm and modern commercial viability, making it an attractive investment for discerning buyers seeking a turn-key operation in a desirable location. The property's strong rental history and diverse income streams provide a solid foundation for future growth and profitability. The location in Salado, a popular tourist destination, ensures consistent demand and potential for increased rental income. This is a rare opportunity to acquire a well-established and profitable commercial property in a thriving Texas town. The property's size and diverse income streams make it an ideal investment for those seeking a stable and lucrative return. The asking price is $1,050,000.

Location Insight

City

Salado

County

Bell

State

Texas

Longitude

-97.5363

Latitude

30.9469

CBSA code

28660

CBSA name

KILLEEN-TEMPLE-FORT HOOD, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments