1092 W Tarleton Street, Stephenville, TX

$785,000

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0.36

Acres

About 1092 W Tarleton Street

Investors welcome! This beautiful hotel, located on a corner LOT, only half block from Tarleton State University is an asset gain in itslef and with a TURN KEY Boutique Hotel, featuring four rentable short term suites. The Gallery House Boutique Hotel, opened for business in September, 2020 and has been well received for six years running! This Craftsman Home, built in 1895, took two years to restore and convert into a Hotel. Located half block from TSU and with room to expand. Featuring four private rentable rooms, elegantly designed and all with modern conveniences. Zoned Mini splits in every room, smart T.V., microwave, mini fridge, custom showers, hardwood floors throughout. Hotel features 10 foot ceilings with re-claimed vintage stamped tin in all three downstairs KING rooms, each with a different design. Five original fireplaces, Commercial gas tankless water heater, externally mounted, along with professional water softner system which protect fixtures, shower doors and appliances. Grounds include, a detached office studio with private bath and zoned heating and air, custom rock patios, sidewalks, courtyards and native landscaping. An asphalt parking lot with an ADA concrete slap provides safe parking off the street, with a designated Entrance and Exit. An ADA cement ramp with railing, plus steps from parking lot lead guest to our beautiful wrap around porch to access Hotel. Property has room to build Phase II if desired, which would include the addition of three rental units on one foundation. Sewer tap in place and parking lot built with 14 spaces to accomodate future expansion. The Gallery House has excellent reviews, repeat guest, local business, corporate travel, sub-contractors and transient weekend buisness. The Gallery House has an establised website capturing majority of reservations. Walking distance to TSU, Historic Downtown, and Hospital district. Property is an asset gain as Tarleton State University grows expenditually in all directions.

Features of 1092 W Tarleton Street

MLS® # 20935585
Price $785,000
Bathrooms 0.00
Acres 0.36
Year Built 1895
Type Commercial Sale
Sub-Type Hotel/Motel
Status Active

Community Information

Address 1092 W Tarleton Street
Subdivision Park Place Add
City Stephenville
County Erath
State TX
Zip Code 76401-5609

Amenities

Utilities Asphalt, Electricity Connected, Cable Available, City Sewer, City Water, Curbs, Individual Gas Meter, Individual Water Meter, Natural Gas Available, Other, See Remarks, Sidewalk
Garages Additional Parking, Asphalt, Common, Drive Through, No Garage, Off Street, On Site, Open, Outside, Parking Lot, Paved, Private, Unassigned
Is Waterfront No
Pool On Property No

Interior

Heating Electric, Natural Gas, Other, Zoned
Fireplace No
# of Stories 2
Stories 2

Exterior

Lot Features Landscaped, Lrg. Backyard Grass, Many Trees, Oak, Corner Lot, Irregular Lot
Roof Composition
Construction Frame, Siding, Wood
Foundation Block, Pillar/Post/Pier, Stone

Additional Information

Flooring Hardwood
Special Notes. Survey Available, Owner/ Agent, Phase I Complete
Net Income $60,000
Building Sqft 2,400
# Units 4
Building Use Historical District, Hotel/Motel
Commercial Features Historical District, Hotel/Motel
Zoning R-# Residential and multi-housing Buyer to verify

Listing Details

AgentKimberly Fornes
OfficeKeller Williams Brazos West
Contact Info254-459-1405

Listing Map

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