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Property profile & analytics

908 Jefferson Ave Whitney, TX 76692-2441

  • Commercial real estate
  • 10,154 SF
  • 1.00 lot acres
OFF-MARKET
Last Sale
Apr 27, 2022
Value Estimations
$570,000
Cap Rate Potential
Location Intelligence
Property ID
US82-6040113
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Commercial real estate

Property Details for 908 Jefferson Ave

Year built
1983
Lot size
1.00 lot acres
Property size
10,154 SF
Property type
Commercial real estate
APN
102199
APU
102199

Description

This exceptional investment opportunity presents a 12-unit motel ideally situated just minutes from the shores of scenic Lake Whitney, Texas. The property boasts a total of 5,175 square feet and sits on a one-acre lot, offering significant potential for expansion. The existing motel has been remodeled and includes twelve partially furnished units, four of which are suites. The motel's location on the rear half of the lot leaves the entire front half available for future development, potentially including additional business ventures, RV parking, or boat storage. Lake Whitney's popularity as a destination for fishing, boating, and camping, combined with its proximity to larger urban areas, creates a strong demand for lodging. This translates into a high occupancy rate and significant revenue potential for a savvy investor. The small-town atmosphere of Whitney, coupled with its local shops and events, further enhances the property's appeal to tourists seeking a relaxing getaway. This is a rare chance to acquire a well-maintained, established business with substantial room for growth in a desirable lakeside location. The property's size and location make it an attractive proposition for both seasoned investors and those new to the commercial real estate market. The existing infrastructure provides a solid foundation for immediate income generation, while the ample available land offers exciting possibilities for future expansion and increased profitability. This is a turnkey operation ready for a new owner to step in and capitalize on its considerable potential.


Value Estimations

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  • CAP approach

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  • Alternative Use

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Location Insight

  • Map
  • Local Demand
City
Whitney
County
Hill
State
Texas
Longitude
-97.3093
Latitude
31.9553

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$1,243
$75,470
$324,480
$399,950
-
$75,470
$324,480
$399,950
More about this property
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