$2,250,000
5,208 SqFt
5.65 Acre Lot
246,114 Sqft Lot
Price Type
Status Active
Property Type Hotel/motel
Year Built 1984
Days on Website 182

Property Map

$2,250,000 – 625 N Nugent St, Johnson City, TX 78636

Street View

Courtesy of Berkshire Hathaway Texas Realty, Allan Hanson {attribution_contact}

Description

LOADS OF POTENTIAL!!! This property has wonderful charm and grace and a great business and lifestyle opportunity. Take this already established B&B business to the next level! Consider Vineyard and Winery with more bungalows and other amenities. The grounds and mature oak trees are magical. Expand to include Weddings (offered in the past), Meetings and other activities. The property would make a fabulous cooking school in conjunction with the other potential activities. Property has a large solar panel installation at one corner and 4 Tesla Battery storage units (approx. $150K cost) which makes utility bills very affordable. Owner lives in the main home currently and rents out the 4 units in the cabins. New owner should consider living off-site and putting all the units into rental. The vineyard and winery tourism industry between Johnson City and Fredericksburg continues to expand exponentially. This property is unique in its size and farm character so close in to town. Walk to town or consider electric golf transportation to quickly whisk guests to the craft stores, restaurants and charms of Historic Johnson City.

Property Details and Features

Listing

  • Listing date: 2024-05-21 05:00:00
  • 182 days on market
  • 182 cumulative days on market
  • $432 per square foot

Location

  • County: Blanco
  • Area: 3100

Building

  • Built in 1984
  • Approximate age: 40
  • Building/center name: THE CROSSROADS INN
  • Gross building area: 5,208 square feet
  • Wood
  • Stone
  • 5,208 square feet
  • 2 stories
  • 4 buildings

Foundation

  • Slab

Roof

  • Metal

Amenities

  • Exterior Lighting
  • Security System
  • High Speed INternet
  • Outside Storage
  • Living Area

Interior Features

  • Ceiling height: 10

Cooling

  • Central

Heating

  • Central
  • Heat Pump

Lot

  • Lot size: 5.65

Property

  • Zoning: NONE

Schools

  • School district: Johnson City

Miscellaneous

  • Gross income: 245520.00
  • Net operating income: $137,224
  • Net leasable area: 5062
  • Monthly lease: $0
  • Insurance: 9600.00
  • None
  • Estimated
  • None
  • No
  • None
  • 6 rentals
  • 12 parking spaces
  • 5 units
  • Other expense: 84258.00
  • Other tax: 1003.00

Taxes

  • Total tax: $10,257
  • Annual tax: $12,898
  • City tax: $0
  • County tax: $2,750
  • $6,504 school tax
  • Property Tax ID: 17624

Utilities

  • Gas and electric: 1540.00
  • Electric utility supplier: Solar
  • Water utility supplier: Well
  • Sewer utility supplier: Septic
  • Electricity
  • Water
  • Septic
  • Solar

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