32598 SH 55 - Commercial LAND FOR SALE


Uvalde, TX 78801 2,712,481 SF
$3,000,000 USD
936-291-7552
32598 SH 55, Uvalde, TX for Sale
$3,000,000 USD
Commercial LAND - FOR SALE
1/10
2,712,481 SF

32598 SH 55
Uvalde, TX 78801


HIGHLIGHTS

  • This property is a Mecca for biking, kayaking, astronomy, fly fishing, rafting, tubing, and hiking.

OVERVIEW

We believe the new owners of this resort investment will enjoy the natural beauty and peaceful lifestyle of the Texas Hill Country. While this property is remote, that is its beauty and attraction. This property is a Mecca for biking, kayaking, astronomy, fly fishing, rafting, tubing, and hiking. Not to mention that the resort is an excellent base camp for day tripping this vast area of south and southwest Texas. For the nature lover this part of Texas is famous for deer, turkey, quail, dove, and many other species of birds and wildlife. Development and promotion of these activities by new ownership could vastly improve occupancy during the awesome Texas Fall weather. Purchase Offering: $3,000,000 Capital Expense: $500,000 As an investment, this property can provide double digit returns and superlative capital gains based on a five-year investment horizon (link to Pro forma). This outlook is based on a proven market for utilization of the cabins and the addition of 10 new cabins. Assuming 10 new cabins are added the initial capital requirement is approximately $500,000. The total Investment amount is $3,500,000. $500,000 Capital Expense should be sufficient to construct the 10 new cabins as the first year capital expenditure. Based on historical performance the Net Operating Income will cover the debt by 122% based on a $3,000,000 loan at 7% amortized over 25 years.

FOR SALE DETAILS

PRICE

$3,000,000 USD

PRICE/ACRE

$48,177/AC

PRICE/SF

$1 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Commercial

LAND PROPOSED USE

Hospitality

LAND ACRES

62.27 AC

LAND SF

2,712,481 SF

OFFSITE IMPROVEMENTS

-

ZONING

None-OCL

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Ben BiusB & B PropertiesMore Info
936-291-7552

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Ben BiusB & B PropertiesMore Info
936-291-7552

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