22525 Hwy 155 S - Specialty FOR SALE


Flint, TX 75762
$12,500,000 USD
903-343-6629
22525 Hwy 155 S, Flint, TX for Sale
$12,500,000 USD
Specialty - FOR SALE
1/99
null | Request Cap Rate

22525 Hwy 155 S
Flint, TX 75762


HIGHLIGHTS

  • Lake Palestine Waterfront 570'-870'
  • Fully operational Wedding/Event Venue
  • Fully operational Vrbo lodging
  • Opportunity to add Marina, Hotel, Restaurant, larger Event Venue space, RV Park, etc.
  • Highway 155 frontage of 2680'

OVERVIEW

What a rare opportunity to purchase a unique property on Lake Palestine with endless options, 19+ acres, 2,600'+ HWY frontage, 570'+ Waterfront, 33,000'+ of improvements all with a Beautiful Sunset. Currently used an Wedding Venue, Event Center, Vrbo Lodging, Offices and Beach Club with Boat Launch, Swimming & Fishing. Design plan ideas available for expanded Event Center, Hotel, Restaurant, Exclusive RV Park, Marina and more. Owner is willing to discuss a Partnership or Investor Interest The Lodging through Vrbo (#3034837) offers 6 private bedrooms, 12 beds and up to 19 guests. Two full baths, kitchen, living room, deck/patio and access to a fully equipped gym, hot tub, beach, gorgeous common area with a pool table and outdoor palapa. The Venue is perfect for indoor or outdoor lake front weddings with that gorgeous sunset. The beautiful ballroom provides an extraordinary location for your wedding, Quinceañera, corporate event or any celebration! The grand staircase and striking chandelier are ideal for your Grand Entrance as Mr. & Mrs. The Beach Club offers Swimming, Beach Volleyball, Paddle Boarding, Fishing, Boat/Jetski Launch, Lounges, Picnic Tables and Umbrellas or bring your Kayak and enjoy the 18 mile long Lake Palestine. Property has almost 10 acres of undeveloped area for more growth, Gated front security entrance, 2,680' of Highway 155 Frontage with 2 driveway cuts, 572' of Surveyed waterfront area, (870' of total area with State land included) Opportunity to add Dock, Fishing Pier, Marina or Boathouse. Main building besides the Vrbo Lodging also has an additional office/rooms that can be converted into more Lodging rooms, Meeting rooms, Event rooms, etc. Lake Palestine is a Freshwater Reservoir, 18 miles long, covers 25K acres, 58' depth and is known for it's White bass, Blue catfish, Largemouth bass, Channel catfish, Spotted bass and more. Average of 20 Fishing Tournaments yearly. Boating, Skiing, kayaking, etc. See attachments for more details. Here are links to operating parts of the property: Vrbo Link: https://www.vrbo.com/3034837?unitId=3606881&childrenCount=0&noDates=true&utm_source=direct&utm_medium=social&utm_campaign=earned:vrbo:sharecopylink:USA&utm_content=3034837&oc=k9x4vDAo_-7JkTMqSbKbr Bella vista Venue: https://www.venuebellavista.com/ Bella Vista Beach Club: https://www.bellavistabeachclub.com/

FOR SALE DETAILS

PRICE

$12,500,000 USD

PRICE/SF

$376 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Specialty

ADD'L SUBTYPES

Marina

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1987

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

19.15 AC

LAND SF

834,174 SF

ZONING

N/A

APN/PARCEL ID

10000-0000-10-0021000

ASK ABOUT THIS PROPERTY

Ray Ver HeyStaples Commercial GroupMore Info
903-343-6629

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Ray Ver HeyStaples Commercial GroupMore Info
903-343-6629

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.