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955 Jack Eastham - The Hills of Avalon

66.47 Acres of Commercial Land Offered at $2,450,000 in Avalon, TX 76623

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Investment Highlights

Rolling hills with breathtaking views and stunning sunsets
Private pond and 18-acre lake
Existing structures on property: Cottage, 3 unfinished cabins, tackle shed, storage barn, workshop w/ electric

Newly renovated barndominium on-site with commercial grade kitchen, exquisite primary suite, tall ceilings, custom beams, & grand crystal chandelier
Plenty of developable land
Secluded and private yet only 45 minutes from Dallas and Waco

Executive Summary

Prime opportunity to own land in Texas, with remarkable potential for land development and passive income stream using established structures on the property. The newly renovated, 5,486 sqft bardnominum on-site features a guest suite, event space, and commercial kitchen that is currently used as a wedding and event venue. This ideal spot can be utilized immediately to generate income. With 3 unfinished cabins and 1 cottage, potential rental opportunities are available or could be used as part of a retreat facility, glamping resort, and more. 67 acres of rolling hills and stunning views are the perfect place for a commercial venture or even an equestrian. Aside from established structures, there is plenty of developable land for further builds if needed.

The Hills of Avalon - 955 Jack Eastham Rd.

Property Facts

Price	$2,450,000	Property Subtype	Commercial
Sale Type	Investment	Proposed Use	Commercial Mixed Use Multifamily Hospitality Health Club Horse Stables Lodge or Meeting Hall Manufactured Homes or Mobile Home Park Rehabilitation Center Religious Facility Single Family Development Trailer or Camper Park Veterinarian or Kennel Warehouse Agricultural Pasture Ranch Single Family Residence
No. Lots	1	Total Lot Size	66.47 AC
Property Type	Land	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Price	$2,450,000
Sale Type	Investment
No. Lots	1
Property Type	Land
Property Subtype	Commercial
Proposed Use	Commercial Mixed Use Multifamily Hospitality Health Club Horse Stables Lodge or Meeting Hall Manufactured Homes or Mobile Home Park Rehabilitation Center Religious Facility Single Family Development Trailer or Camper Park Veterinarian or Kennel Warehouse Agricultural Pasture Ranch Single Family Residence
Total Lot Size	66.47 AC
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

1 Lot Available

Lot

Price	$2,450,000	Lot Size	66.47 AC
Price Per AC	$36,859

Price	$2,450,000
Price Per AC	$36,859
Lot Size	66.47 AC

20 T W G Allen; Locked gate; 66.47 Acres

Description

This 67-acre property, known as the Hills of Avalon, is truly a remarkable piece of land. It's perfect for land development or anyone seeking a passive income opportunity. Currently being used as a wedding & event venue, it has a newly renovated, 5,486 sqft barndominium, commercial grade kitchen, & other established structures that can be utilized immediately to generate income. With 3 unfinished cabins & 3bd/2ba cottage on the property, potential rental opportunities are available if you choose to pursue that route. The possibilities are endless, with numerous options for further development, such as a church facility, retreat center, or glamping resort. Rolling hills & water views of the pond and 18-acre lake provide a serene oasis perfect for a commercial venture or even an equestrian. This paradise is within 45 minutes from Dallas & has the potential for an agriculture tax exemption. Additional features on the property include a storage barn, tackle shed and workshop w/ electric. With so much to offer, this property is ready for you to start generating income today! Discover the possibilities at The Hills of Avalon – you won’t be disappointed.

PROPERTY TAXES

Parcel Number	179249	Improvements Assessment	$0
Land Assessment	$0	Total Assessment	$442,414

PROPERTY TAXES

Parcel Number

179249

Land Assessment

Improvements Assessment

Total Assessment

$442,414

zoning

Zoning Code	Residential (Residential now, but potential to change to commercial zoning.)
Residential (Residential now, but potential to change to commercial zoning.)