The Crossroads Inn | 625 N Nugent Ave
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The Crossroads Inn 625 N Nugent Ave
6 Room Bed and Breakfast Johnson City, TX 78636 $2,250,000 ($375,000/Room) 6.53% Cap Rate
Investment Highlights
- Designed after 1884 architecture
- Perfectly designed for a winery in the Hill Country Wine Tour
- Outstanding location for Special Events Venue like Wedding
Executive Summary
Wow! New price! This property has wonderful charm and grace and a great business and lifestyle opportunity. Take this already established B&B business to the next level! Consider Vineyard and Winery with more bungalows and other amenities. The grounds and mature oak trees are magical. Expand to include Weddings (offered in the past), Meetings and other activities. The property would make a fabulous cooking school in conjunction with the other potential activities. Property has a large solar panel installation at one corner and 4 Tesla Battery storage units (approx. $150K cost) which makes utility bills very affordable. Owner lives in the main home currently and rents out the 4 units in the cabins. New owner should consider living off-site and putting all the units into rental. The vineyard and winery tourism industry between Johnson City and Fredericksburg continues to expand exponentially. This property is unique in its size and farm character so close in to town. Walk to town or consider electric golf transportation to quickly whisk guests to the craft stores, restaurants and charms of Historic Johnson City.
Data Room Click Here to Access
Financial Summary (Pro forma - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro forma - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Amenities
- Balcony
- High Speed Internet Access
- Patio
- Public Access Wifi
- Smoke-Free
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 6 | $194.00 | - |
1 of 1
zoning
| Zoning Code | None |
| None |
-
Allan Hanson -
Tim Alexander -
Berkshire Hathaway Home Services Texas Realty
1 of 39
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The Crossroads Inn | 625 N Nugent Ave
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