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Price $639,000.00
Beds 1
Baths
1/2 Baths
Square Feet 2928
Year Built 1983

700 Hwy 70
Blackwell, TX 79506
United States

PRICE

$
639,000
.00

Turnkey business opportunity in Blackwell Texas. Ten room motel, currently in operation, with a 2900 sq ft residential home used for housing crane operations crews for current owners. Motel has occupancy of approximately 75% throughout the year. Several RV lots with full hookups on the property. Current On-sight manager willing to negotiate terms to continue to manage motel & residential lease. Busiest during hunting season & used by the crane operators throughout the year. Current owners will lease back industrial operations yard on a three-year lease back, with option to renew two additional three-year terms, potential for 9 years occupancy. Lease back terms to be negotiated with contract for sale. Opportunity to realize income immediately, or work towards short term payoff. The property is in the heart of outstanding hunting country in central TX. Hunters who are regular renters of the motel return each year. The Motel is a short distance to Oak Creek Reservoir, great fishing.

Last Modified
Bedrooms
1
Listing Status
Under Contract
List Date
Apr 10, 2023
Subdivision
McDorman
Year Built
1983
Square Feet
2928
CF_A_Age
05
CF_B_Location
04,50
CF_C_Construction
Brick
CF_D_Roofing
Composition
CF_F_floors
Other-See Remarks
CF_G_parking
Other-See Remarks
CF_H_traffic_count
Under 2,500
CF_I_Type_Business
03,07
CF_J_Misc
06,50
CF_N_Land_Status
Other-See Remarks
CF_O_Heating
Other-See Remarks
CF_P_Cooling
Other-See Remarks
CF_Q_Utilities
05,07
Supplement_Remarks
Commercial GEO Code Listed Above. Legal: ABST 1430SEC 2IDA MCDORMAN. Residential GEO Code is 1-40-014300002008500000
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