1305 N Tool Drive $1,250,000

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    1305 N Tool Drive Tool, TX 75143

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    • 0.63 Acres
    • Commercial
    • MLS# 14307982
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    Property Details

    Description Tours

    Fantastic! Highest rated hotel motel in Cedar Creek area with room to expand! Occupancy unaffected by Covid 19. Highly Profitable and updated with weekly and daily rates. Property is extremely well maintained and includes 17 Units. 10 suites include, queen bed, fold out, full size kitchen, and living area. 4 suites include, 2 beds, full size kitchen and living area. 2 Studios include, queen bed, mini fridge, microwave, and coffee maker. 1 Manager Suite with private garage, full size kitchen, laundry, living area and backyard. Full time manager can stay or leave with sale. Extremely high occupancy rate with long term and repeat guests. Awarded Best Hotel of 2019 and 2020! Business Hall Of Fame for 2 years!

    • General Features
      • County Or Parish Henderson
      • Financing Proposed Cash,Conventional
      • Possession Closing/Funding
      • Property Sub Type COM-Sale
      • Property Type Commercial
      • SQFT Building 12508
      • SQFT Gross 12508
      • SQFT Leasable 12508
      • Subdivision Name Royal Oaks Sec 01
      • Unexempt Taxes $8,211
      • Utilities City Sewer, City Water
      • Year Built 2008
      • Year Built Details Preowned
    • Building Features
      • Building Area Source Owner
      • Building Use Hotel/Motel
      • Ceiling Height 8 to10 Feet
      • Construction Materials Walls Texture
      • Flooring Carpet,Concrete,Vinyl
      • Foundation Details Slab
      • Heating Other,Window Unit
      • Number Of Leaseable Spaces 17
      • Number Of Stories 1
      • Number Of Units 17
      • Parking Features Assigned Spaces,Common Lot
      • Roof Metal
    • Property Features
      • Lot Number 5
      • Lot Size .5 Acre to .99 Acre
      • Lot Size Area 0.630
      • Lot Size Area SQFT 27442.80
      • Lot Size Source Tax
      • Lot Size Units Acres
    • Additional Features
      • Tax Legal Description ACRES: 0.630 AB 360 G HANCOCK SUR ROYAL OAKS
      • Business Name The Ranch Suites
      • Commercial Features Computer Ready,Inside Storage,Living Areas,Security Lighting,Telephone
      • Occupancy Tenant
      • Occupancy Rate 90

    Contact

    Dave Perry-Miller Customer Care

    Dave Perry-Miller Customer Care

    Administrator

    Dave Perry-Miller - InTown

    Office: 214-294-5788
    • Prosperity Home Mortgage

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    Prosperity Home Mortgage, LLC

    Prosperity Home Mortgage, LLC

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    ©2021 North Texas Real Estate Information Systems, Inc. All Rights Reserved. Certain information contained herein is derived from information which is the licensed property of, and copyrighted by, North Texas Real Estate Information Systems, Inc.

    Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.