Alba, TX 75410,507 CR 1550
$1,950,000
Est.Price: ?

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9,999 SqFt

507 CR 1550 Alba, TX 75410

Est. payment /mo
SOLD DATE : 02/22/2020

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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

Sold Date 02/22/20

Total Fin. Sqft 9999

Lot Size 2.120 Acres

Acres 2.12

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

Direction From intersection of FM 515 and FM 17 Sgo south on 17 2.5 miles and turn left on CR 1550 and proceed .4 miles to entrance of Mustang Resort.

Interior

Heating Central, Electric

Cooling Central Air, Electric

Flooring Other

Heat Source Central, Electric

Exterior

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

Waterfront Description Lake Front

Roof Type Other

Garage No

Building

Lot Description Level

Foundation Slab

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

Others

Ownership Mustang

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Financing Cash

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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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Meredith Johnson

Agent | License ID: 995690239

+1(318) 426-6120

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