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Key Details
Property Type Commercial
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 33,574 sqft
Price per Sqft $53
MLS Listing ID 1025880
Sold Date 03/04/24
Originating Board actris
Year Built 2014
Tax Year 2023
Lot Size 7.820 Acres
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 Dewitt
Interior
Heating See Remarks
Cooling See Remarks
Flooring See Remarks
Fireplace N
Exterior
Utilities Available Electricity Connected, Sewer Connected, Water Connected
Waterfront No
Accessibility See Remarks
Parking Type Parking Lot
Total Parking Spaces 100
Building
Sewer Public Sewer
Water Public
Structure Type See Remarks
New Construction No
Others
Restrictions Easement,See Remarks
Acceptable Financing Cash, Conventional
Tax Rate 1.58435
Listing Terms Cash, Conventional
Special Listing Condition Standard
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Bought with Non Member