$4,897,500
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52.38 Acres Lot
SOLD DATE : 05/06/2024
Key Details
Property Type Commercial
Sub Type Hotel/Motel
Listing Status Sold
Purchase Type For Sale
Subdivision Charles Kitchen Survey & Ph Street Addn
MLS Listing ID 20303328
Sold Date 05/06/24
Total Fin. Sqft 1626
Year Built 1998
Annual Tax Amount $31,209
Lot Size 52.380 Acres
Acres 52.38
Property Description
ATTENTION INVESTORS & DEVELOPERS!*!* Over 52 acres of prime investment property with 7 acre private lake and resort quality accommodations. Existing tenant on short term lease but interested in remaining. Main Lodge (approx. 12,800 sf) has a commercial restaurant kitchen and large dining hall, large meeting hall, several private offices, meeting library, large open seating areas, private and public style restrooms, storage rooms, mechanical facilities & 1- 2nd floor meeting room. Masonry Sided Motel complex with 14 units and laundry facilities. Wood Sided Motel complex with 16 units and laundry facilities. Wood Frame Office building. Once home to Spirit of the West Resort with a 9 hole, par 3 golf course. City utilities are at the property and assessable for future development. All information is to best of Agents knowledge but not guaranteed or warranted. Buyers to confirm all information.
Location
State TX
County Grayson
Zoning Contact City of Tioga
Direction US Hwy 377 to Tioga, turn west on Gene Autry Drive and cross RR tracks and Texas Street to Healing Springs Ranch privacy gate. Listing Agent will meet you at the gate.
Interior
Heating Central, Other
Cooling Ceiling Fan(s), Central Air, Other
Flooring Brick/Adobe, Carpet, Ceramic Tile, Concrete
Heat Source Central, Other
Exterior
Utilities Available All Weather Road, City Sewer, City Water, Electricity Connected, Individual Gas Meter, Natural Gas Available, Overhead Utilities, Septic, Other
Waterfront Description Lake Front
Roof Type Composition,Spanish Tile
Parking Type On Site, Varies by Unit
Garage No
Building
Lot Description Acreage, Few Trees, Tank/ Pond, Varied, Water/Lake View, Waterfront
Foundation Combination, Slab, Other
Structure Type Frame,Siding,Stucco
Others
Ownership Ask Agent
Financing Seller Financing
Special Listing Condition Flood Plain, Flowage Easement, Right of First Refusal, Special Contracts/Provisions, Utility Easement
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Bought with Srinivas Kurla • Beam Real Estate, LLC
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "