Event Center with Commercial and Residential Complex

Asking Price$1,200,000

Cash Flow

EBITDANot Disclosed

Gross Revenue$76,000

InventoryNot Disclosed

FF&E$20,000
Included in asking price
Real Estate$1,200,000
Included in asking price
listing imageSave

Event Center with Commercial and Residential Complex


Asking Price$1,200,000

Cash Flow

EBITDANot Disclosed

Gross Revenue$76,000

InventoryNot Disclosed

FF&E$20,000
Included in asking price
Real Estate$1,200,000
Included in asking price

Seller Financing Available
Business Description
8200 sq ft building with an event center, eight offices, two 2/1 apartments (rent $875.00 x2), (1) 1/1-bedroom apartment ($700.00 x1) and two additional detached homes on 1.2 acre with an est. 250 ft of commercial highway frontage with access to two major highways.

The offices rent out for $750.00 per month and the other 1 is occupied by owner, additional one is vacant and the last office is $450.00. The owner is increasing rental amount on all offices 6/26.

The party room established as an event center in 1999 is a 2700 sq. ft. space with a 500 sq. ft. kitchen, 4 refrigerators, 2 microwaves, 1 stove, 3 compartment sinks and stainless-steel counter tops. Party room comes with 20-50" round tables and 6-6' rectangle tables, 200 chairs and hold up to capacity of 176 people and a parking lot for 87 vehicles. Rental time is normally from 10am-6am the next morning. 20 hours. Rates vary depend on day of use.

Building was built in 1986 with the roof updated in 2017. HVAC is a total of (2) 4-ton units for the main building and apartments and (2) 4 tons for the 2700 sq. ft for the event center. Apartments are equipped with washer/ dryer, dishwashers and ovens.

Main building is zoned for light retail and is made out of blend of wood trustees, steel R paneling and brick on front and ends.

The two homes that are detached of the building sit on the south side of the property. One home is 650sq.ft and is rented for $575.00 per month. The other home is 830 sq. ft and has been recently remodeled with 50k and is rented out for $925.00 per month.

All units have been rented and has a 92% occupancy rate. Per owner the office(s) rate needs to increase.
About the Business
Years in Operation
40
Employees
1 manager
Real Estate
Owned or Leased
Owned
Included in asking price
Building Sq. Ft.
7,180
About the Sale
Seller Motivation
retire
Transition Support
6 weeks
Financing Options
Owner Financing Amount $700,000.00 Owner Financing Interest 8% Owner Financing Terms
Listing Info
ID
2516969
Listing Views
22

Contact Seller

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Business Listed by: Vanessa Bryer Transworld Brokers of South & West Texas

Listing ID: 2516969 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.


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