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$1,350,000

Est. payment - /mo

0.36 Acres Lot

Active

1092 W Tarleton Street Stephenville, TX 76401

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Patricia Ann Young

patricia@followmyheelshome.com +1(972) 795-4260

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Key Details

Property Type Commercial

Sub Type Hotel/Motel

Listing Status Active

Purchase Type For Sale

Subdivision Park Place Add

MLS Listing ID 20935585

Total Fin. Sqft 2400

Year Built 1895

Annual Tax Amount $5,311

Lot Size 0.362 Acres

Acres 0.362

Lot Dimensions 15,769

Property Sub-Type Hotel/Motel

Property Description

Attention Investors, The Gallery House Boutique Hotel, opened for business in September 2020 during Tarleton State University's Annual family weekend with a SOLD out house. This Craftsman Home, originally built in 1895, took two years to restore and convert into a Hotel. A turn-key business. Located half block from Tarleton State University and on a corner lot. Featuring four private rentable rooms, elegantly designed and all with modern conveniences. Zoned Mini splits in every room, smart T.V., microwave, mini fridge, custom showers and upscale linens in each room. Hardwood floors throughout. Hotel features 10 foot ceilings with re-claimed vintage stamped tin in all three downstairs KING rooms, each with a different design. Five original fireplaces, Commercial gas tankless water heater, externally mounted, along with professional water softner system which protect fixtures, shower doors and appliances. Grounds include, a detached office studio with private bath and zoned heating and air, custom rock patios, sidewalks, courtyards and native landscaping. An asphalt parking lot with an ADA concrete slap provides safe parking off the street, with a designated Entrance and Exit. An ADA cement ramp with railing, plus steps from parking lot lead guest to our beautiful wrap around porch to access Hotel. Property has room to build Phase II if desired, which would include the addition of three rental units on one foundation. Sewer tap in place and parking lot built with 14 spaces to accomodate future expansion. The Gallery House Boutique Hotel has excellent review scores, repeat guest, local business, corporate travel, sub-contractors and transient weekend buisness. The Gallery House Boutique Hotel has an establised website which captures majority of reservation bookings, as the well as the utilization of third party websites that help direct new business to this charming hotel. Walking distance to Tarleton State University, Historic Downtown, and Hospital district.

Location

State TX

County Erath

Zoning R-# Residential and multi-housing Buyer to verify

Direction 1092 W Tarleton Street, behind Wendy's restaurant, North of Washington Street. The Gallery House Boutique Hotel is located on the corner of Tarleton and Ollie Streets. Half block from Tarleton State University's east campus.

Interior

Heating Electric, Natural Gas, Zoned, Other

Cooling Ceiling Fan(s), Electric, Zoned, Other

Flooring Hardwood

Heat Source Electric, Natural Gas, Zoned, Other

Exterior

Utilities Available Asphalt, Cable Available, City Sewer, City Water, Curbs, Electricity Connected, Individual Gas Meter, Individual Water Meter, Natural Gas Available, Sidewalk, See Remarks, Other

Roof Type Composition

Accessibility Accessible Approach with Ramp, Accessible Bath - Full, Accessible Bath - Half+Hall, Accessible Bedroom, Accessible Doors, Accessible Electrical and Environmental Controls, Accessible Entrance, Meets ADA Requirements

Garage No

Building

Lot Description Corner Lot, Irregular Lot, Landscaped, Lrg. Backyard Grass, Many Trees, Oak

Foundation Block, Pillar/Post/Pier, Stone

Structure Type Frame,Siding,Wood

Others

Ownership Fornes

Acceptable Financing 1031 Exchange, Cash, Contract, Conventional

Listing Terms 1031 Exchange, Cash, Contract, Conventional

Special Listing Condition Owner/ Agent, Phase I Complete, Survey Available

Virtual Tour https://www.propertypanorama.com/instaview/ntreis/20935585

North Texas Real Estate Info Systems (NTREIS) -MetroTex and Collin County (CCAR)

Listed by Kimberly Fornes • Keller Williams Brazos West

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Patricia Ann Young

Agent | License ID: 0555284

+1(972) 795-4260

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1092 W Tarleton Street Stephenville, TX 76401

Patricia Ann Young

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1092 W Tarleton Street