1092 W TARLETON STREET, STEPHENVILLE, TX 76401

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Homes for sale in 76401.


Active

List Price$985,000

1092 W Tarleton Street

Stephenville, TX 76401

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Listing #20935585

2,400

Square Feet

5

Number of Units

Commercial

Type

About This Property

PRICE REDUCTION The Gallery House Boutique Hotel, opened for business in September 2020 and has been well received! This Craftsman Home, originally built in 1895, took two years to restore and convert into a Hotel. A turn-key business. Located half block from Tarleton State University and on a corner lot 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 and well made matresses and lines. 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 Boutique Hotel has excellent review scores, repeat guest, local business, corporate travel, sub-contractors and transient weekend buisness. The Gallery House Boutique Hotel has an establised website which captures majority of reservation bookings. Walking distance to Tarleton State University, Historic Downtown, and Hospital district. Property is an asset gain as Tarleton State University grows expenditually in all directions.

Property Features

Location Information

County

Erath

Subdivision

Park Place Add

Interior Features

Has Fireplace

No

Tenant Pays

Other

Heating

Electric, Natural Gas, Other, Zoned

Total Number of Units

5

Cooling

Ceiling Fan(s), Electric, Other, Zoned

Accessibility

ADA Compliant, Accessible Full Bath, Accessible Bedr

Floors

Hardwood

Exterior Features

Construction

Frame, Wood Siding

Lot Size in Sq. Ft.

15,768

Foundation

Block, Pillar/Post/Pier, Stone

Lot Dimensions

15,769

Roof

Composition

Possible Best Use

Hotel/Motel

Utilities

Cable Available, Electricity Connected, Natural Gas Available, Other, Sewer Available, Separate Meters, See Remarks, Water Available

Zoning

R-# Residential and multi-housing Buyer to veri

Security System

Carbon Monoxide Detector(s), Firewall(s), Other, Smok

Building Total Area (Sq. Ft.)

2,400

Parking Description

Additional Parking, Asphalt, Common, Drive Through, No Garage, On Site, Open, Off Street, Outside, Paved, Parking Lot, Private, Unassigned

Road Description

City Street, Asphalt

Lot Description

Back Yard, Corner Lot, Hardwood Trees, Irregular Lot, Lawn, Landscaped, Native Plants, Many Trees

Is One Story

No

Lot Size in Acres

0.362

Lot Description

Back Yard, Corner Lot, Hardwood Trees, Irregular Lot, Lawn, Landscaped, Native Plants, Many Trees

Additional Information

Year Built Details

Preowned

Tax Annual Amount

5311.0

Property Type

COM

Exclusions

See Exclusions attached in documents. Majority of furnishings are inclusive. All supplies, linens, towels, tolietries in inventory included at closing

Property SubType

Hotel/Motel

Community Features

Curbs, Sidewalks

Year Built

1895

Documents Available

Survey

Status

Active

Lot Acres Source

Assessor

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Mortgage Calculator

$4,598

per month

30 Year Fixed. 3.52% Interest Rate.

Principal + Interest

$3,549

Monthly Tax

$820

Monthly Insurance

$229

yrs

%

$

$

Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This program only provides an estimate.

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