3035 W Highway 154 - Hospitality FOR SALE


Quitman, TX 75783
$950,000 USD
262-812-6420
3035 W Highway 154, Quitman, TX for Sale
$950,000 USD
Hospitality - FOR SALE
1/20
null | Request Cap Rate

3035 W Highway 154
Quitman, TX 75783


OVERVIEW

JTACR Real Estate Group is pleased to present Minnow Bucket Motel – a brand that has been known by the locals on Lake Fork, since the 1960s. The motel and lodge consists of 36 rooms, ranging from a standard to extra large suite options. The property is located directly off Highway 154 with 5,000 cars passing through daily. Additionally, the property is situated on Lake Fork, one of the premier trophy Bass fishing lakes in the world, bringing prize winning fishermen and tourism from all over the world. Current ownership has helped streamline the business while increasing revenue from multiple sources. **The motel is currently part of the entire Minnow Bucket Marina. Ownership has asked the local jurisdiction if separation is allowed, and the jurisdiction has given preliminary verbal approval that this separation is allowed. This will need to be finalized with the Sabine River Authority and local jurisdiction.**

FOR SALE DETAILS

PRICE

$950,000 USD

PRICE/SF

$22 USD /SF

# OF ROOMS

36

PRICE/ROOM

$26,389 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Minnow Bucket Motel

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1986

PARKING SPACES

53

LAND DETAILS

LAND ACRES

0.96 AC

LAND SF

41,798 SF

ZONING

-

APN/PARCEL ID

R17395

ASK ABOUT THIS PROPERTY

Carrie SiegerJTACR Real Estate GroupMore Info
262-812-6420

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Carrie SiegerJTACR Real Estate GroupMore Info
262-812-6420

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.