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700 S Hwy 70, Blackwell, TX 79506 - MLS #112572

MLS #112572 (Status: Under Contract)

700 S Hwy 70
700 S Hwy 70
Blackwell, TX 79506
2,928 sq.ft. / 12 apx. acres
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Price: $639,000
apx. $218.24/sq.ft.
est. payment /mo.
Tax & Insurance Not Included estimate based on down, interest for (change settings)

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Turnkey business opportunity in Blackwell Texas. Ten room motel, currently in operation, with a 2900 sq ft residential home used for housing crane operations crews for current owners. Motel has occupancy of approximately 75% throughout the year. Several RV lots with full hookups on the property. Current On-sight manager willing to negotiate terms to continue to manage motel & residential lease. Busiest during hunting season & used by the crane operators throughout the year. Current owners will lease back industrial operations yard on a three-year lease back, with option to renew two additional three-year terms, potential for 9 years occupancy. Lease back terms to be negotiated with contract for sale. Opportunity to realize income immediately, or work towards short term payoff. The property is in the heart of outstanding hunting country in central TX. Hunters who are regular renters of the motel return each year. The Motel is a short distance to Oak Creek Reservoir, great fishing.

[Sub Agency Fee: 0 | Buyer Broker Fee: 3 | Dual/Var Comm: No]
(The Listing Brokers offer of compensation is made only to participants of the MLS where the listing is filed.)
Halfmann Realty
133 W. Concho, Ste. 110
San Angelo, TX 76903
(325) 655-1278 [office]
(325) 658-7158 [fax]
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  • 1983
Provided By: Keller Williams Synergy
Information Last Updated: Oct 01, 2023