$2,115,000
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33,574 SqFt
SOLD DATE : 03/04/2024
Key Details
Property Type Commercial
Sub Type Commercial Improved Prop
Listing Status Sold
Purchase Type For Sale
Square Footage 33,574 sqft
Price per Sqft $62
MLS Listing ID 1730657
Sold Date 03/04/24
Construction Status Other
Year Built 2014
Annual Tax Amount $19,958
Property Description
This oilfield housing property on 7.82 acres is located just outside of Cuero on FM 766. There are currently 104 rooms in operation providing lodging for the oilfield workers in the Eagleford Shale. This property is very popular with several oilfield companies and provides guests with food and housing, as needed. This income-producing property potentially stands to benefit into the future. Built in 2014, this compound consists of 20 - 18x76 ft. lodge buildings with 5 rooms per building. Each studio room has its own bed, recliner, bathroom, closet, TV, and wireless internet. City of Cuero water and sewer for all buildings. In addition to the housing, there is a commercial kitchen, office building, large dining area with lounge area, open dining room, laundry rooms, lounge and guest media/office area, exercise room, and outdoor basketball court that is lighted and located behind the dining hall. The site was originally designed for 170 rooms and has the infrastructure in place to add more rooms or RVs for additional income. This property is 1.6 miles to Hwy 183 in Cuero, 30 miles to Victoria, 94 miles to downtown San Antonio, 102 miles to San Antonio International Airport. The 7.82 acres is level land with no floodplain and 800 feet of FM 766 road frontage. A large, manicured yard with several live oak trees wraps around the side and back of the property. Other trees include mesquites along the perimeter and crepe myrtles near the buildings. The property is high fenced along the perimeter and has a security gate at the entrance.
Location
State TX
County De Witt
Area 3100
Zoning NONE
Exterior
Garage Spaces 100.0
Utilities Available Electricity, Water, Sewer
Roof Type Composition
Building
Story 1
Level or Stories 1
Construction Status Other
Schools
School District Cuero Isd
Others
Acceptable Financing Sale Only, Cash, Conventional
Listing Terms Sale Only, Cash, Conventional
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