4445 N FARM Rd 2723, Mt Vernon, TX 75457

$2,500,000
4,246
SqFt
List Price
$2,500,000
Status
ACTIVE
Days on Market
31
MLS#
24004111
Year Built
2004
Living Area
4,246
Lot Size
167,793
Acres
3.85

Property Description

Constructed in 2004, The Cove operates as a waterfront restaurant coupled with vacation rentals, live music entertainment, volleyball, on-water gas station pumps, and incredible views of Lake Cypress Springs. This opportunity presents a distinctive and attractive prospect for investors seeking to capitalize on a once in a lifetime opportunity. The massive potential lies in the additional waterfront land that comes with the purchase of this investment. As the only restaurant on Lake Cypress Springs, The Cove is infamous as a destination location for boaters on the water. With its proven track record and established presence, this commercial property is ready for the savvy investor to take advantage of its potential. The breathtaking views and charm of the four vacations rentals located on site make this a great retreat for those traveling from out of town. There is a private cove with lake frontage for all guests to enjoy while staying on the property. This opportunity offers a reliable source of rental income from vacationers seeking to indulge in the stunning views and recreational activities available at Lake Cypress Springs. The gas station and restaurant further enhance the property's revenue potential, catering to both locals and tourists passing through the area. As the prime location on the lake, investors will see the lucrative potential that comes with the undeveloped waterfront land adjacent to the restaurant. With a proven track record of success since its establishment in 2004, this commercial property is a turnkey operation for investors looking to take advantage of the growing hospitality industry in the area. Don't miss out on this once-in-a-lifetime opportunity to own a successful business on Lake Cypress Springs. This exceptional commercial property opportunity is a gem not to be missed. Reach out to take a private tour today.

Additional Information

Zoning
Commercial, Multi Family Dwelling, Office, Other/See Remarks, Planned Unit Res District, Retail
Heating
Central Electric
Air Conditioning
Central Electric
Exterior Construction
Wood/ Frame, Wood Based Siding
Parking
Additional Parking Avail, Off Street, Other/See Remarks

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
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Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing Courtesy of: Jennifer Hageman with Texas Ally Real Estate Group.

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