803 Co RdDevine, TX 78016

Property Details for 803 Co Rd

Lot size

36.00 AC

Property type

Specialty properties

Property subtype

Mixed-use properties

Description

This exceptional 36-acre property near Devine, Texas, presents a unique investment opportunity with diverse income streams. Zoned OCL, it boasts ten buildings totaling over 16,600 square feet of versatile space, ideal for a multitude of uses. The property has successfully operated as a private event venue, accommodating 50-500 guests across several pavilions and structures. Its potential extends to short-term rentals, thanks to a dedicated dwelling offering guest privacy. Two separate living quarters, exceeding 3,600 square feet, a pool, and sunroom create an ideal setting for private or corporate retreats. The land's suitability for hunting (whitetail deer) and agriculture (improved irrigated pasture for hay farming, ranching, and horticulture) adds further revenue potential. Significant enclosed and covered storage space (6,000+ sq ft) caters to industrial needs. Located in Medina County, with easy access to San Antonio and major roadways, this turnkey property offers a picturesque setting and strong pro-forma cap rate of 8%. Rent bumps are permitted, making this a compelling owner-user investment with vast possibilities. The property's address is 803 Co Rd 6612, Devine, TX 78016.

Location Insight

City

Devine

County

Medina

State

Texas

Latitude

29.1734

Longitude

-98.9135

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