106 County Road 1807 Active Save Request In-Person Tour Request Virtual Tour
Clifton,TX 76634
Key Details
Property Type Commercial
Sub Type Hotel/Motel
Listing Status Active
Purchase Type For Sale
Square Footage 7,892 sqft
Price per Sqft $215
Subdivision Ridgewood
MLS Listing ID 20283484
Total Fin. Sqft 7892
Year Built 1996
Annual Tax Amount $11,184
Lot Size 1.529 Acres
Acres 1.529
Property Description
Little Rocky Lodge located in Lake Whitney, Texas, is a lakefront oasis that is the perfect getaway for families and friends. The Lodge offers cozy and comfortable accommodations, private access to the lake, fully equipped and modern kitchens, childrens' playground, and a variety of outdoor activities including fishing, swimming, boating, kayaking and more. The lodge itself is a charmingly appointed wooden structure with large decks overlooking the waterfront. Acreage does not include Army Core of Engineers lease that extends the property to the lake. The multi-year lease permits the Lodge guest s exclusive private access to the lake, use of the boat ramp and boat slips. Current vacancy is 75%. Models have indicated that by moving the vacancy rate to 50%, the new owner can achieve a material increase to the current cap rate.
Location
State TX
County Bosque
Zoning Zoned for current use
Direction From the Dallas Fort Worth metroplex, travel south on I35W or E to Hillsboro. Exit to Spur 579 W, Proceed to TX-81S. Turn right onto W Elm ST E State HWY 22 W for about 20 miles. Turn right onto Ridgewood RD, turn right to stay on Ridgewood RD, Turn left onto 4rh Lane.
Interior
Heating Electric
Cooling Electric
Flooring Combination
Heat Source Electric
Exterior
Utilities Available City Water,Electricity Available,Electricity Connected,Private Road,Propane,Septic
Waterfront Description Lake Front – Corps of Engineers
Roof Type Composition
Parking Type Aggregate
Garage No
Building
Lot Description Many Trees,Sloped,Water/Lake View,Waterfront
Foundation Slab
Structure Type Brick,Other
Others
Ownership Little Rocky Lodge LLC
Acceptable Financing 1031 Exchange,Cash,Conventional,VA Loan
Listing Terms 1031 Exchange,Cash,Conventional,VA Loan