1092 W Tarleton Street new Save Request In-Person Tour Request Virtual Tour
Stephenville,TX 76401
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
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