For Sale
$1,500,000

Montgomery County Tx Bobville, TX 77316

7.7-Acre Event Center, High NOI

Overview

Added:
Dec 11, 2024
Days on market:
133
This exceptional turnkey wedding and event venue, nestled on 7.7 acres in Montgomery County, Texas, presents a lucrative investment opportunity. The property boasts a charming 1,700 sq ft rustic event barn, perfect for weddings and corporate events. Additional structures include a comfortable 2-bedroom, 2-bathroom house and a bridal cottage/studio casita with a full bath and kitchenette, providing ample accommodation. The property is fully equipped with furniture, fixtures, and equipment (FF&E), ensuring immediate operational readiness. With a strong existing client base and significant undeveloped land, this venue offers substantial expansion potential into diverse revenue streams, such as corporate events, retreats, or short-term rentals. The property's prime location on a major traffic artery provides excellent visibility and accessibility. The current net operating income (NOI) is $200,000, yielding a 13.33% cap rate, making this a highly attractive investment with a $1,500,000 asking price. The property includes three buildings and is classified as Class A. It underwent renovations in 2024. This is a 100% ownership opportunity. The property's picturesque setting, including mature trees and a grape vineyard, creates a stunning backdrop for any event. Don't miss this chance to acquire a thriving business with significant growth potential in a rapidly developing area.

Highlights

  • $1,500,000 asking price for a Class A, turn-key wedding event center.
  • 13.33% cap rate with a $200,000 NOI.
  • Located on 7.7 acres in Montgomery County, TX, with three buildings.
  • Includes a 1,700 sq ft event barn, a 2-bedroom, 2-bathroom house, and a bridal cottage/studio casita.
  • Renovated in 2024, offering significant expansion potential on the remaining undeveloped land.

Property Details for 0 Montgomery County Tx

Property type
Specialty properties, Wedding venues
Class
A
Year Renovated
2024
Buildings
3
Lot Size (sq. ft)
335,412 SF
Units
1

Location Insight

City
Bobville
County
TX
State
Texas
Latitude
30.3326288
Longitude
-95.7510475

FAQs

What type of property is this?
Specialty property - 7.7-Acre Event Center, High NOI
Where is the specialty property located?
The property is located at Montgomery County Tx Bobville, TX.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: $1,500,000 asking price for a Class A, turn-key wedding event center.; 13.33% cap rate with a $200,000 NOI.; Located on 7.7 acres in Montgomery County, TX, with three buildings.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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0 Montgomery County Tx
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