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Listing Details

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School Ratings & Info

Description

BACK ON MARKET. Presenting an opportunity to acquire a successful boutique hotel/bed and breakfast in Historic Gruene, Texas with substantial upside potential for an experienced owner/operator. Unprecedented views and over 200 feet of private access to the Guadalupe River make this a rare opportunity. The existing owners have occupied and operated the Inn for over 15 years and are looking to retire and spend time with family. Gruene River Inn presents an opportunity for a new owner/operator that can make the property reach its fullest potential. The hotel consists of 3 main area: the owners suite, the common guest area, and the rental rooms. On the right hand side of the common guest area, there are 14 individual rooms, each with a private balcony view of the Guadalupe River. A covered deck area on the end of the building provides a common area for guests to socially gather and enjoy the scenic views of the river and historic Gruene. On the left hand side of the common guest area is the owners suite. The owner's suite is an approximately 3,000 square foot, 3 bedroom, 2 bathroom unit complete with private entrance, kitchen, dining, 2 living areas and a large outdoor deck. The owners have recently renovated the suite and updated the deck. This property provides numerous value add opportunities for an experienced hospitality operator. The owner's suite currently does not generate income and could be utilized as a long term or short term rental. Other operational changes could provide additional opportunities to increase revenue. The property will convey turn-key, including furniture, fixtures and equipment. Sellers have obtained a current title commitment and have current inspection and engineering reports and financials available for qualified buyers. This is an operating business. Please do not contact the property or owner directly. Showings and property information will be coordinated through listing Broker/Agent.

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© 2021 Austin Board of REALTORS® (alternatively, from ACTRIS). All information provided is deemed reliable but is not guaranteed and should be independently verified. The Austin Board of REALTORS®, ACTRIS and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied.The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2021-09-18T08:24:50.047.
www.buyandsellaustintx.com/homes/115364206
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1111 Gruene Rd New Braunfels, TX 78130

  • Price: $2,200,000
  • Status: Active
  • Updated: 65 min ago
  • ID#: 9530229
0
Beds
0
Baths
0
½ Baths
0.91
Acres
2001
Built
Neighborhood:
Gruene Cliff 2
County:
Comal
Area:
New Braunfels
Property Description
BACK ON MARKET. Presenting an opportunity to acquire a successful boutique hotel/bed and breakfast in Historic Gruene, Texas with substantial upside potential for an experienced owner/operator. Unprecedented views and over 200 feet of private access to the Guadalupe River make this a rare opportunity. The existing owners have occupied and operated the Inn for over 15 years and are looking to retire and spend time with family. Gruene River Inn presents an opportunity for a new owner/operator that can make the property reach its fullest potential. The hotel consists of 3 main area: the owners suite, the common guest area, and the rental rooms. On the right hand side of the common guest area, there are 14 individual rooms, each with a private balcony view of the Guadalupe River. A covered deck area on the end of the building provides a common area for guests to socially gather and enjoy the scenic views of the river and historic Gruene. On the left hand side of the common guest area is the owners suite. The owner's suite is an approximately 3,000 square foot, 3 bedroom, 2 bathroom unit complete with private entrance, kitchen, dining, 2 living areas and a large outdoor deck. The owners have recently renovated the suite and updated the deck. This property provides numerous value add opportunities for an experienced hospitality operator. The owner's suite currently does not generate income and could be utilized as a long term or short term rental. Other operational changes could provide additional opportunities to increase revenue. The property will convey turn-key, including furniture, fixtures and equipment. Sellers have obtained a current title commitment and have current inspection and engineering reports and financials available for qualified buyers. This is an operating business. Please do not contact the property or owner directly. Showings and property information will be coordinated through listing Broker/Agent.
Exterior Features

Attached Garage YN No Bays 0 Construction Materials Wood Siding Garage YN No Other Structures None Parking Features CoveredOn SiteParking Lot Waterfront YN No

Interior Features

Building Area Total 14000 Cooling Central AirDuctless Flooring Wood Heating DuctlessNatural Gas

Property Features

Accessibility Features Common Area Additional Parcels YN No Building Features FixturesFurnitureJetted Tub Current Use Bed & Breakfast Estimated Taxes 33257 Horse YN Yes Listing Terms CashConventional New Construction YN No Property Condition Updated/RemodeledSee Remarks Property Sub Type Hotel/Motel Sewer Public Sewer Special Listing Conditions Standard Utilities Cable ConnectedElectricity ConnectedInternet-CableNatural Gas ConnectedPhone ConnectedSewer ConnectedUnderground UtilitiesWater Connected Water Source Public

Property listed by Tkar Commercial Re Services.


© 2021 Austin Board of REALTORS® (alternatively, from ACTRIS). All information provided is deemed reliable but is not guaranteed and should be independently verified. The Austin Board of REALTORS®, ACTRIS and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied.The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2021-09-18T08:24:50.047.
 
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Lauren McCoy | David Brodsky Properties
2312 Western Trails Blvd. D-404
Austin TX, 78745