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    1305 N Tool Drive

    Tool, TX 75143
    • $1,250,000
    • STATUS: Active Option Contract
    • ON SITE: 393 days
    • ID#: 14307982
    Under Contract
    UPDATED: 44 min ago
    $1,250,000
    • 0
      BEDS
    • 0.63
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial
    Built:
    2008
    County:

    School Ratings & Info

    Offered by Bryan Reasor of Jeanette Anderson Real Estate.

    Description

    Fantastic! Highest rated hotel motel in Cedar Creek area with room to expand! Occupancy unaffected by Covid 19. Highly Profitable and updated with weekly and daily rates. Property is extremely well maintained and includes 17 Units. 10 suites include, queen bed, fold out, full size kitchen, and living area. 4 suites include, 2 beds, full size kitchen and living area. 2 Studios include, queen bed, mini fridge, microwave, and coffee maker. 1 Manager Suite with private garage, full size kitchen, laundry, living area and backyard. Full time manager can stay or leave with sale. Extremely high occupancy rate with long term and repeat guests. Awarded Best Hotel of 2019 and 2020! Business Hall Of Fame for 2 years!

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    © 2021 North Texas Real Estate Information Systems. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Homes By Lainie Real Estate Group. The data relating to real estate for sale or lease on this web site comes in part from NTREIS. Real estate listings held by brokerage firms other than Homes By Lainie Real Estate Group are marked with the NTREIS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2021-04-18T15:39:53.703.
    www.homesbylainie.com/homes/104338361
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    1305 N Tool Drive Tool, TX 75143

    • Price: $1,250,000
    • Status: Active Option Contract
    • Updated: 44 min ago
    • ID#: 14307982
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.63
    Acres
    2008
    Built
    Neighborhood:
    Royal Oaks Sec 01
    County:
    Henderson
    Area:
    Henderson County
    Property Description
    Fantastic! Highest rated hotel motel in Cedar Creek area with room to expand! Occupancy unaffected by Covid 19. Highly Profitable and updated with weekly and daily rates. Property is extremely well maintained and includes 17 Units. 10 suites include, queen bed, fold out, full size kitchen, and living area. 4 suites include, 2 beds, full size kitchen and living area. 2 Studios include, queen bed, mini fridge, microwave, and coffee maker. 1 Manager Suite with private garage, full size kitchen, laundry, living area and backyard. Full time manager can stay or leave with sale. Extremely high occupancy rate with long term and repeat guests. Awarded Best Hotel of 2019 and 2020! Business Hall Of Fame for 2 years!
    Exterior Features

    Construction Materials Walls Texture Foundation Slab Parking Or Garage Assigned SpacesCommon Lot Roof Metal

    Interior Features

    Ceiling Height 8 To10 Feet Commercial Features Computer ReadyInside StorageLiving AreasSecurity LightingTelephone Flooring CarpetConcreteVinyl Heating OtherWindow Unit Sq Ft Building 12508 Sq Ft Gross 12508 Sq Ft Leasable 12508

    Property Features

    Building Area Source Owner Building Use Hotel/Motel Business Name The Ranch Suites Commercial Zoning Comm Construction Status Preowned Gross Annual Expenses 140058 Gross Annual Income 309420 Inclusions BusinessFurnitureInventoryLand & Improvements Income Expense Source AccountantOwner Leasable Spaces 17 Lot Size Source Tax Multi Zoning No Municipal Utility District No Net Annual Income 165503 Occupancy Rate 90 Possession Closing/Funding Property Type Com-Sale Proposed Financing CashConventional Tenant Pays Other Total Annual Expenses Include Accounting/LegalCommon AreaElectricInsuranceLawn CareMaintenanceManagementSuppliesTaxesWater/Sewer/Trash Unexempt Taxes 8211 Utilities City SewerCity Water Will Subdivide Yes

    Listing information © 2021 North Texas Real Estate Information System.


    © 2021 North Texas Real Estate Information Systems. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Homes By Lainie Real Estate Group. The data relating to real estate for sale or lease on this web site comes in part from NTREIS. Real estate listings held by brokerage firms other than Homes By Lainie Real Estate Group are marked with the NTREIS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2021-04-18T15:39:53.703.
     
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    Homes By Lainie Real Estate Group
    421 Hwy. 120 West
    Pottsboro TX, 75076
    Offered by Bryan Reasor of Jeanette Anderson Real Estate.