MLS# 1777375 – 625 N Nugent St, Johnson City, TX 78636

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$1,985,000 - Br/Ba - for Sale in Johnson City
Price: $1,985,000
Building Size SqFt: 5,208
Lot Size Acres: 5.65
Lot Size SqFt: 246,114
Status: Active
Property Type: Hotel/motel
Year Built: 1984
Days on Website: 296

Courtesy of Berkshire Hathaway Texas Realty, Allan Hanson (512) 483-6000

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Property Description

LOADS OF POTENTIAL!!! This property has wonderful charm and grace and a great business and lifestyle opportunity. Take this already established B&B business to the next level! Consider Vineyard and Winery with more bungalows and other amenities. The grounds and mature oak trees are magical. Expand to include Weddings (offered in the past), Meetings and other activities. The property would make a fabulous cooking school in conjunction with the other potential activities. Property has a large solar panel installation at one corner and 4 Tesla Battery storage units (approx. $150K cost) which makes utility bills very affordable. Owner lives in the main home currently and rents out the 4 units in the cabins. New owner should consider living off-site and putting all the units into rental. The vineyard and winery tourism industry between Johnson City and Fredericksburg continues to expand exponentially. This property is unique in its size and farm character so close in to town. Walk to town or consider electric golf transportation to quickly whisk guests to the craft stores, restaurants and charms of Historic Johnson City.

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Property Details and Features

  • Listing
  • Listing date: 2024-05-21 05:00:00
  • 296 days on market
  • 296 cumulative days on market
  • $381 per square foot
  • Location
  • County: Blanco
  • Area: 3100
  • Building
  • Built in 1984
  • Approximate age: 40
  • Building/center name: THE CROSSROADS INN
  • Gross building area: 5,208 square feet
  • Wood
  • Stone
  • 5,208 square feet
  • 2 stories
  • 4 buildings
  • Foundation
  • Slab
  • Roof
  • Metal
  • Amenities
  • Exterior Lighting
  • Security System
  • High Speed INternet
  • Outside Storage
  • Living Area
  • Interior Features
  • Ceiling height: 10
  • Cooling
  • Central
  • Heating
  • Central
  • Heat Pump
  • Lot
  • Lot size: 5.65
  • Property
  • Zoning: NONE
  • Schools
  • School district: Johnson City
  • Miscellaneous
  • Gross income: 245520.00
  • Net operating income: $137,224
  • Net leasable area: 5062
  • Monthly lease: $0
  • Insurance: 9600.00
  • None
  • Estimated
  • None
  • No
  • None
  • 6 rentals
  • 12 parking spaces
  • 5 units
  • Other expense: 84258.00
  • Other tax: 1003.00
  • Taxes
  • Total tax: $10,257
  • Annual tax: $12,898
  • City tax: $0
  • County tax: $2,750
  • $6,504 school tax
  • Property Tax ID: 17624
  • Utilities
  • Gas and electric: 1540.00
  • Electric utility supplier: Solar
  • Water utility supplier: Well
  • Sewer utility supplier: Septic
  • Electricity
  • Water
  • Septic
  • Solar

Property Map

$1,985,000 – 625 N Nugent St, Johnson City, TX 78636

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The Boehm Commercial Group has decades of experience in the Texas Commercial Real Estate Industry.  The vision from day one has been, “Integrity & Honesty”.  Every action taken and every decision made is filtered through this measure.  Our intense focus on being a source of value to our clients has led us on our mission to be relationship driven.  It is very important to develop lifelong relationships, while assisting our clients with their individual goals and objectives.  With broker relationships across the country, we have the ability to scale our services to accommodate the scope of any project. Call the Boehm Commercial Group for your Texas Commercial Real Estate needs. Click HERE to read what our other clients have said.

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