13285 N STATE HIGHWAY 16, GRAFORD, TX 76449
Homes for sale in Graford.
Homes for sale in 76449.
List Price$3,995,000
13285 N State Highway 16
Graford, TX 76449
Listing #21267074
About This Property
Exceptional commercial and investment opportunity just minutes from Possum Kingdom Lake. Situated on 6.586 acres with prime Highway 180 frontage, this unique property offers unmatched visibility, strong traffic counts, and endless potential for future development or continued income production. The property consists of two parcels and currently features 16 rental cabins being utilized as long-term rentals. Of the 16 cabins, 13 offer 2 bedrooms and 1 bath, 2 offer 3 bedrooms and 2 baths, and 1 offers 1 bedroom and 1 bath -- creating a diverse rental mix with established income potential. In addition to the residential component, the property also includes an impressive 5,500 square foot commercial building formerly operated as an arcade and race track facility. With its strategic location, highway exposure, and ample acreage, the commercial possibilities are truly endless -- ideal for entertainment, retail, restaurant, event venue, storage, redevelopment, or expanded hospitality use. Rarely does an opportunity with this level of versatility, acreage, income potential, and premier location near Possum Kingdom Lake come available. Whether you are an investor, developer, or entrepreneur, this property is positioned for exceptional future upside.
Property Features
Location Information
County
Palo Pinto
Subdivision
The Cottages
Interior Features
Has Fireplace
No
Floors
Vinyl
Heating
Central, Electric
Tenant Pays
Association Fees, Electricity, Trash Collection
Cooling
Central Air, Electric
Total Number of Units
16
Exterior Features
Construction
Rock, Stone
Possible Best Use
Other, Retail
Foundation
Slab
Zoning
Commerical
Roof
Composition, Metal
Building Total Area (Sq. Ft.)
17,484
Utilities
Overhead Utilities, Septic Available, Water Available
Road Description
Gravel
Parking Description
Additional Parking
Lake Name
Possum Kingdom
Lot Size in Acres
6.59
Is One Story
No
Lot Size in Sq. Ft.
287,060
Additional Information
Year Built Details
Preowned
Status
Active
Property Type
COM
Tax Annual Amount
17202.0
Property SubType
Business
Community Features
Community Mailbox
Year Built
2008
Lot Acres Source
Other
Similar Listings
Mortgage Calculator
$18,657
per month
30 Year Fixed. 3.52% Interest Rate.
Principal + Interest
$14,396
Monthly Tax
$3,329
Monthly Insurance
$932
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.
Schools
Walk Score
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