For Sale
$699,900

203 Commerce StSan Saba, TX 76877

Historic 5-Star B&B, Turn-Key Opportunity

Overview

Added:
Dec 11, 2024
Days on market:
119
This meticulously maintained, 5-star bed and breakfast presents a unique investment opportunity in the heart of San Saba, Texas. The 3,221 square foot property, built in 1930 and extensively renovated in 2016, boasts five charming guest rooms, each featuring a private en-suite bathroom and kitchenette. The main building, a two-story structure situated on a 0.371-acre lot, includes a downstairs owner's/caretaker's suite, an updated kitchen and dining area, and upstairs suites with a balcony overlooking the mature landscaping. The inn is zoned for commercial and residential use, offering flexibility for future expansion or operational changes. Modern amenities include on-demand water heaters, a whole-house carbon filtration system, two wind generators, upgraded wiring, a radiant barrier, and a sprinkler system. The property also features Astroturf parking and high-speed fiber optic internet access. Currently operating at 25% occupancy, the inn generates a net operating income (NOI) of $25,000, representing a 3.57% cap rate. The asking price is $699,900 ($217.29 per square foot). Located a short drive from Austin, San Antonio, Waco, and the Dallas-Fort Worth metroplex, the inn benefits from proximity to numerous attractions, including shopping, dining, golf, hiking, fishing, the San Saba River, and Colorado Bend State Park. This turnkey operation offers a blend of historic charm and modern conveniences, making it an ideal investment for an owner-user seeking a profitable and fulfilling venture. The property is offered fee simple.

Property Details for 203 Commerce St

Property type
Hospitality properties, Hotels
Square Feet
3,221 SF
Year Built/Renovated
1930/2016
Buildings
1
Stories
2
Lot Size (sq. ft)
16,161 SF

Location Insight

City
San Saba
County
San Saba
State
Texas
Latitude
31.194648407501
Longitude
-98.722022424191
203 Commerce St, San Saba, Texas

FAQs

What type of property is this?
Hospitality property - Historic 5-Star B&B, Turn-Key Opportunity
Where is the hospitality property located?
The property is located at 203 Commerce St San Saba, TX.
What is the asking price?
The asking price for this property is $699,900.
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203 Commerce St
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