23280 Fm 170Terlingua, TX 79852

  • Commercial real estate
  • 33,300 SF
For Sale
$3,500,000 View listing

Property Details for 23280 Fm 170

Year built
1980
Lot size
21.22 AC
Property size (Sq ft)
33,300 SF
Property type
Commercial real estate
APN
25691
APU
25691

Description

This exceptional commercial property, located at 23280 FM 170 in Terlingua, Texas, 79852, presents a unique investment opportunity. Situated just three-quarters of a mile from the intersection of FM 170 and Highway 118 in Study Butte, this well-known and long-established business offers multiple accommodations for overnight rentals, generating a consistent and respectable income stream. The property's current configuration is ideal for continued operation as a lodging establishment, benefiting from its proven track record and established clientele. The asking price is $3,500,000. While the square footage of the main building is not currently specified, the property includes additional acreage, providing significant potential for expansion and development. This extra land offers opportunities to increase the number of rental units, add amenities, or explore other complementary commercial ventures. The property's prime location near the junction of two major roadways ensures high visibility and convenient access for guests. This presents a rare chance to acquire a profitable, established business with substantial growth potential in a desirable Texas location. The property is zoned for commercial use and is ready for immediate occupancy. Further details regarding the specific number of rental units and their individual configurations are available upon request. This is an excellent opportunity for an investor seeking a proven income-generating asset with significant upside.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $7,084,914
    Hospitality
    $6,489,744
    Educational
    $5,399,390
    Medical
    $5,585,084
    Retail
    $8,399,052

Location Insight

City
Terlingua
County
Brewster
State
Texas
Latitude
29.3261
Longitude
-103.549

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$15,532
$63,444
$1,172,985
$1,236,429
-
$63,444
$1,172,985
$1,236,429

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