For Sale
$99,000

18852 Fm 17Canton, TX 75103

Rustic 6-unit B&B, turnkey operation

Overview

Added:
Dec 11, 2024
Days on market:
117
This unique investment opportunity presents a charming six-unit bed and breakfast nestled atop a hill in Canton, Texas, overlooking the vibrant First Monday Trade Days. The property, known as Annie Oakley's Hotel, boasts 3,000 square feet across six buildings, each meticulously renovated in 2024. Each of the two-story units is fully furnished and equipped with modern amenities including TVs, microwaves, mini-fridges, and Keurig coffee bars. Each unit features a full bath and comfortably accommodates up to four guests with beds on the main floor and in a loft. The property benefits from a prime location, offering stunning views of Canton. Individual units rent for $190-$250 per night with a three-night minimum, generating substantial rental income. The property includes ample parking for guests. The land is held under a ground lease with a monthly payment of $400. The sale includes all buildings and furnishings; the land is not included in the sale. Built in 1996, this turnkey operation offers immediate income potential and a unique investment opportunity in a thriving tourist destination. The property is zoned commercial and sits on a 0.3-acre lot. The asking price is $99,000, representing a price per square foot of $33 and a price per bed of $4,125. The property features 24 beds and 6 keys. Air rights of 3,000 square feet are also included.

Highlights

  • $99,000 asking price for a 24-bed hotel in Canton, TX.
  • Net lease investment opportunity with a ground lease of $400/month.
  • 3,000 square feet, 6 buildings, on a 0.3-acre lot.
  • Recently renovated in 2024, originally built in 1996.
  • Six individual units, each accommodating up to 4 guests, with full baths and private porches.

Property Details for 18852 Fm 17

Property type
Hospitality properties, Hotels
Square Feet
3,000 SF
Year Built/Renovated
1996/2024
Buildings
6
Stories
2
Lot Size (sq. ft)
13,068 SF

Location Insight

City
Canton
County
Van Zandt
State
Texas
Latitude
32.5546464
Longitude
-95.8508401
18852 Fm 17, Canton, Texas

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18852 Fm 17
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