$1,950,000
For more information regarding the value of a property, please contact us for a free consultation.
507 CR 1550 Alba, TX 75410
9,999 SqFt
Key Details
Property Type Commercial
Sub Type Hotel/Motel
Listing Status Sold
Purchase Type For Sale
Square Footage 9,999 sqft
Price per Sqft $195
Subdivision None
MLS Listing ID 14051940
Sold Date 02/22/20
Total Fin. Sqft 9999
Lot Size 2.120 Acres
Acres 2.12
Property Description
Looking for an extraordinary business opportunity? Established and operated by the same family over this time, Mustang Resort has established itself as the frequent preference for weekend visitors, long-term customers & Fishing Pros alike. Mustang Resort benefits from multiple revenue streams such as: 120 RV-Park Model sites each with its own electric meter (100% leased), 60 boat storage units (12 x 25, 100% leased), 10-room Motel (with many recent upgrades), Bait shop, gas pump & public fee-based boat launch. Great amenities, custom-built owners home, 1500 SF on-site office and store with bait & sundries, 2 boat ramps, future development areas & increasing revenue possibilities.
Location
State TX
County Wood
Zoning Comm
Direction From intersection of FM 515 and FM 17 Sgo south on 17 2.5 miles and turn left on CR 1550 and proceed .4 miles to entrance of Mustang Resort.
Interior
Heating Central, Electric
Cooling Central Air, Electric
Flooring Other
Heat Source Central, Electric
Exterior
Utilities Available Aerobic Septic, Co-op Water, Other, Outside City Limits
Waterfront 1
Waterfront Description Lake Front
Roof Type Other
Garage No
Building
Lot Description Level
Foundation Slab
Structure Type Brick,Metal Siding,Other,Rock/Stone
Others
Ownership Mustang
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash
Read Less
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
©2024 North Texas Real Estate Information Systems.
Bought with Meagan Vann • Elsie Halbert Real Estate, LLC