106 County Road 1807, Clifton, TX 76634 - MLS#20283484

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DeDe Galindo

dede@ziglarrealty.com +1(817) 881-1280

$1,700,000

Est. payment - /mo

7,892 SqFt

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UPDATED:

10/29/2024 10:28 PM

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

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North Texas Real Estate Info Systems (NTREIS) -MetroTex and Collin County (CCAR)

Listed by Nicholas Aldi • Keller Williams Realty

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DeDe Galindo

+1(817) 881-1280

Broker Associate | License ID: 0490726

Broker Associate License ID: 0490726

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