Water Views
Address
106 County Road 1807, Clifton, TX
Price
$ 1,700,000
Property Attributes
- MLS#20283484
- TypeCommercial
- CountyBOSQUE
- CityClifton
- NeighborhoodRidgewood
- Zip76634
- StyleHotel/Motel
- Year Built1996
- Taxes$ 11184
- Price$ 1,700,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage7892
- Lot Size1.529 Acres
Data Source:
North Texas Real Estate Info Systems (NTREIS)
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.
| Price History | |
|---|---|
| 3/27/2023 | Listed $1,700,000 |
General Features
| Heating | Electric |
|---|---|
| Cooling | Electric |
| Utilities | City Water,Electricity Available,Electricity Connected,Private Road,Propane,Septic |
| Ceiling Height | 8 to10 Feet |
| Possession | Closing/Funding |
| Roof | Composition |
| Exclusions | Personal property of the current owner/operator located on the first floor of the main house. |
| Year Built | 1996 |
| Tenant Pays | All Utilities |
| Business Type | Hotel/Motel |
| Business Name | Little Rocky Lodge |
| Unexempt Taxes | 11184 |
| Building Use | Hotel/Motel |
| Owner Pays | All Utilities |
| Will Subdivide | No |
| Gross Annual Expenses | 55000.00 |
| Property SubType | Hotel/Motel |
| Subdivision Name | Ridgewood |
| Zoning Description | Zoned for current use |
| County | Bosque |
| Property Type | Commercial Sale |
| Security Features | Security Gate,Security System Owned,Smoke Detector(s) |
| Construction Materials | Brick,Other |
| Year Built Details | Preowned |
| Status | Active |
| Directions | 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 Rid |
| City | Clifton |
| Buyer Agent Compensation | 3 |
| Street Name | County Road 1807 |
| Virtual Tour URL Unbranded | https://www.propertypanorama.com/instaview/ntreis/20283484 |
| Standard Status | Active |
| Buyer Agent Compensation Type | % |
Interior Features
| Flooring | Combination |
|---|---|
| Total Stories | 2 |
| Total Units | 25 |
| SQFT Gross | 7892 |
| Lock Box Type | See Remarks |
Exterior Features
| Lot Features | Many Trees,Sloped,Water/Lake View,Waterfront |
|---|---|
| Lot Size Source | Public Records |
| Parking Features | Aggregate |
| WaterFront Features | Lake Front – Corps of Engineers |
| Lot Size | 1 to < 3 Acres |
| Foundation | Slab |
| Lot Size Area | 1.5290 |
| Lot Size Units | Acres |
| Building Area Total | 7892.00 |
| Road Frontage Type | County Road |
| Lot Size Square Feet | 66603.2400 |
| Lot Size Acres | 1.5290 |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Commercial Average in 76634
Price
Taxes
Visits
Year Built
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