Alba, TX 75410,507 CR 1550

$1,950,000

Est.Price: ?

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Est. payment /mo

9,999 SqFt


SOLD DATE : 02/22/2020

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

Lot Size 2.120 Acres

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

Interior

Heating Central, Electric

Cooling Central Air, Electric

Flooring Other

Exterior

Utilities Available Aerobic Septic, Co-op Water, Other, Outside City Limits

Waterfront 1

Waterfront Description Lake Front

Roof Type Other

Building

Lot Description Level

Foundation Slab

Structure Type Brick,Metal Siding,Other,Rock/Stone

Others

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

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North Texas Real Estate Info Systems (NTREIS) -MetroTex and Collin County (CCAR)
Listed by Paul Tibbets • Signature Properties, LLC
Bought with Meagan Vann • Elsie Halbert Real Estate, LLC

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Karlisha Copeland

Agent | License ID: 0786608

+1(817) 512-7271

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