2784 W State Highway 154
Quitman, TX, 75783 $ 850,000
Baths0.0 Sq 4,370 Monthly Estimate*
$ 5,649
Studio
for $850,000. This 4,370 square foot building was built in 1991 on a lot size of 0.895.
Welcome to Reel Inn & Lodge, an exceptionally maintained, strategic location and high visibility lodge in the heart of the Lake Fork area, near popular marinas and restaurants. Reel Inn & Lodge is a perfect investment for many people. Enjoy the benefits of a turnkey business, a stunning location, and the joy of creating unforgettable experiences for guests. With our knowledgeable on-site manager and our commitment to guest satisfaction, we provide valuable support to ensure your success. Recent updates and ownership: New Owner, Fresh Experiences Reel Inn’s newer ownership brings a fresh perspective and commitment to enhancing guest experiences. 8 fully updated rooms offer a fresh boutique experience with Roku TVs with streaming capabilities, free Wi-Fi keeping guests connected and newer nostalgic appliances make one swoon at the Lodge’s attention to detail. 1 detached home provides long-term rental potential or could yield around $900-$1,100 per home, providing a solid income stream, short-term is estimated well above if marketed to family reunions, yoga retreat groups, or any work group looking to take their employees out for a great weekend getaway. We also have one connected home for the new owner/operator to enjoy or convert into more income. Ample parking spaces are available for trucks, boats, and RV’s, making it convenient for outdoor enthusiasts. Additionally, the location offers proximity to downtown Quitman's restaurants and coffee shops, as well as easy access to nearby towns known for antiquing, shopping, and dining. For those looking to stay in an RV, we have 4 spaces for full hook-ups in the rear of the property. Whether it's world-class bass fishing, exploring nearby attractions like Canton Trade Days or SC Swearingen Park, filling all of your swimming adventures at Lake Quitman, or embarking on culinary adventures in charming small towns, Reel Inn & Lodge ensures guests have a comfortable place to call home at the end of each exciting day.
See more
FeaturesGeneralSewer Public Sewer
Heating Central
Cooling Ceiling Fan(s) Central Air
Utilities Electricity Connected Water Connected
Security Features None
Construction Materials Brick Wood Siding
Year Built 1991
View None
Property SubType Hotel/Motel
Tax Year 2024
Current Use Hotel/Motel
Accessibility See Remarks
County Wood
Operating Expense 54000
New Construction N
Property Type Commercial Sale
Energy Efficient None
Subdivision Name 1206 - EAST GLADE CREEK A-225 J GROCE
Building Features Appliances Furniture Multi-User Telephone(s) Washer/Dryer Connections
Green Sustainability None
Other Structures Garage(s) Guest House Residence Shed(s) Storage Workshop
Status Active
Directions From FM 515 and FM 154 at Lake Fork go south on FM 154 over bridge then property on left SIY
City Quitman
Disclosures Seller Disclosure
MLS Area Out of Area
Lot Size Square Feet 38986.2
Waterfront Y/N N
Property Condition Resale
Additional Parcels Y/N N
Leasable Area 4370
Lease Type None
Standard Status Active
Year Built Source Public Records
Tax Assessed Value 410000
See more
InteriorFlooring Linoleum Tile Wood
Total Bedrooms 0
Total Baths 0
See more
ExteriorParking Features Additional Parking Boat Parking Lot RV Access/Parking
Water Source Public
Total Parking 15
Foundation Details Slab
Number of Buildings 4
Building Area Total 4370
Lot Size Acres 0.895
Road Surface Type Dirt Gravel
Lot Size Source Owner
Other Equipment Dryer Connections Irrigation Equipment
Horse Y/N N
See more
* Excluded FeaturesList ByTiffany RussellListing Agent
Tiffany Russell GroupBroker
Tiffany@TiffanyRussellGroup.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $5,649
- Monthly Property Taxes
- $158
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyCommerical listings in Quitman, TX
Average List Price $529,780
Percent of Sale Price 38%
About Quitman, TX 1,771 Population
0% Since 2002
$ 44,128 Median Income
42.51 Median Age
22% Households with Children
Trends Information provided by ATTOM Data Solutions.
3038596 Elementary School
3038443 Middle School
Unknown High School High School
Pricing HistoryDate | Price | Price Change | Description |
---|
5/17/2024 | $850,000 | | Listed Price |