Formerly the Long Horn Motel. Now converted into apartments. The restaurant is vacant but does have potential with some work. Newer carpeting was installed several years ago in the restaurant, but again, the building does need work. The property has two parcels and approximately 10.9 acres of land. The motel section, plus another build with units. Also has several mobile home pads that are rented. There is a good cash flow with the current tenants, but please understand the property does need some attention. However, there is a main living quarter where someone could live and rent the other units. Additional income could be earned from the restaurant being rented.The property is across from an active truck stop, so think outside the box; this parcel of ground is worth a lot!NOTE - INCOME AND EXPENSES ARE ONLY GUSSES, AS THE OWNER HAS RECENTLY ACQUIRED THE PROPERTY BACK AND HAS NO IDEA WHAT THE ACTUAL INCOME AND EXPENSES ARE AT THE TIME OF THE LISTING AGREEMENT.
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Member of: Berkshire Hathaway HomeServices Select Properties, (314) 835-6000
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Courtesy: John D Mayfield - Mayfield Real Estate
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