Cuero, TX 77954,513 FM 766

$2,115,000

Est.Price: ?

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Est. payment /mo

33,574 SqFt


SOLD DATE : 03/04/2024

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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Listed by Brand X Land and Ranch
Bought with Non Member

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