$2,500,000
For more information regarding the value of a property, please contact us for a free consultation.
4,246 SqFt
SOLD DATE : 06/14/2024
Key Details
Property Type Single Family Home
Sub Type Building
Listing Status Sold
Purchase Type For Sale
Square Footage 4,246 sqft
Price per Sqft $588
Subdivision Tx
MLS Listing ID 24004111
Sold Date 06/14/24
Lot Size 3.852 Acres
Acres 3.852
Lot Dimensions 150 x 530
Property Description
Constructed in 2004, The Cove operates as a waterfront restaurant coupled with vacation rentals, live music entertainment, volleyball, on-water gas station pumps, and incredible views of Lake Cypress Springs. This opportunity presents a distinctive and attractive prospect for investors seeking to capitalize on a once in a lifetime opportunity. The massive potential lies in the additional waterfront land that comes with the purchase of this investment. As the only restaurant on Lake Cypress Springs, The Cove is known as a destination location for boaters on the water. With its proven track record and established presence, this commercial property is ready for the savvy investor to take advantage of its potential. The breathtaking views and charm of the four vacations rentals located on site make this a great retreat for those traveling from out of town. There is a private cove with lake frontage for all guests to enjoy while staying on the property. This opportunity offers a reliable source of rental income from vacationers seeking to indulge in the stunning views and recreational activities available at Lake Cypress Springs. The gas station and restaurant further enhance the property's revenue potential, catering to both locals and tourists passing through the area. As the prime location on the lake, investors will see the lucrative potential that comes with the undeveloped waterfront land adjacent to the restaurant. With a proven track record of success since its establishment in 2004, this commercial property is a turnkey operation for investors looking to take advantage of the growing hospitality industry in the area. Don't miss out on this once-in-a-lifetime opportunity to own a successful business on Lake Cypress Springs. This exceptional commercial property opportunity is a gem not to be missed. Reach out to take a private tour today.
Location
State TX
County Franklin
Area Franklin
Zoning Planned Unit Res District,Commercial,Retail,Office,Multi Family Dwelling,Other/See Remarks
Interior
Heating Central Electric
Cooling Central Electric
Exterior
Waterfront Yes
View Y/N No
Building
Sewer Public Sewer
Others
Acceptable Financing Conventional, FHA, VA, Must Qualify, Cash
Listing Terms Conventional, FHA, VA, Must Qualify, Cash
Financing Cash
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Bought with NON MEMBER AGENT
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "