22525 State Highway 155Flint, TX 75762

Property Details for 22525 State Highway 155

Year built

1980

Lot size

19.15 AC

Property size (Sq ft)

15,194 SF

Property type

Office buildings

APN

1-00000-0001-00-021000

APU

100000000100021000

Description

This exceptional 19.15-acre property in Flint, Texas, presents a rare investment opportunity on the shores of Lake Palestine. Boasting over 2,600 feet of highway frontage and 570+ feet of stunning waterfront, this unique estate encompasses over 33,706 square feet of improvements. Currently operating as a successful wedding venue, event center, and Vrbo lodging (listing #3034837), the property offers diverse income streams and significant expansion potential. The existing lodging comfortably accommodates up to 19 guests with six private bedrooms, twelve beds, two full baths, a fully equipped kitchen, living room, deck/patio access, and amenities including a gym and hot tub. Guests also enjoy access to a private beach, boat launch, and a common area featuring a pool table and outdoor palapa. The venue is ideally suited for both indoor and outdoor events, taking full advantage of the breathtaking lakefront views and picturesque sunsets. Detailed design plans are available for future expansion, including options for an expanded event center, hotel, restaurant, exclusive RV park, or marina. The current owner is open to discussing potential partnerships or investor interest. This is a truly exceptional property with immense potential for growth and profitability. The asking price is $12,500,000.

• CAP approach

  CAP return

  Valuation

  6%

  $3,346,123

  6.5%

  $3,088,728

  7%

  $2,868,105

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,222,298

  Geo Method

  $4,548,932

• Alternative Use

  Use

  Valuation

  Residential Income

  $3,830,024

  Hospitality / Lodging

  $3,508,281

  Institutional / Educational

  $2,918,848

  Healthcare / Senior Housing

  $3,019,232

  Retail / Commercial

  $4,540,431

Location Insight

City

Flint

County

Smith

State

Texas

Latitude

32.152

Longitude

-95.4595

CBSA code

46340

CBSA name

TYLER, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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