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23226 Fm 306

Canyon Lake, TX 78133
  • $1,700,000
  • STATUS: Active Option
  • ID#: 1597935
Under Contract
UPDATED: 22 min ago
$1,700,000
  • 0
    BEDS
  • 2.02
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 26,448
    SQFT
  • $64
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
2022
County:
Area:

School Ratings & Info

School District:

Description

Great opportunity for a relatively automated business which is expected to have a strong yearly cash flow of approximately 100k gross based on pro-forma data and current run rate with plenty of room for rental increases. Proforma and other documents are attached to listing. Construction is not yet complete at the time of listing (ETA 2 weeks) and facility is already at approximately 70% occupancy already. The property itself has 50 units with current rents varying from $165 to $195 a month and plenty of room for increases based on the quality of the facility and supply/demand in the Canyon Lake area for these types of services. The owner is planning for a 15% increase shortly. There is a clean website which allows for the automation of reservations, cancellations and rentals. Property itself has great frontage on 306 and is approximately 5 minutes away from 2 major boat ramps for the north side and within about 10 minutes of the beautiful north side marina. Cost of raw materials has gone up significantly since construction and land has also continued to rise in the vicinity of Canyon Lake, so this is a rare opportunity to own a cash flowing business with a real estate component which has also historically risen at a very strong rate. Canyon Lake itself has been a very strong attraction to boat and RV owners. We are attaching some graphically enhanced visual representations of what the property will look like when finished to the photos (these images are approximations and just to create perspective). The 2 north side buildings will be covered, but not enclosed and the southern side units closest to the road are enclosed with bay doors adding a degree privacy to the customer experience. There is no physical storefront or need for employees as the storefront is "internet based" and doesn't require the owner's time in the vast majority of instances. Expenses and maintenance are also overall very minimal. If one is looking for a great business investment opportunity in the vicinity of Austin and San Antonio which will overall require very little time and has easily delegated tasks this is a great one to consider. Additional documents are available for serious inquiries.

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© 2022 San Antonio Board of REALTORS® All rights reserved. IDX information is provided exclusively 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. Information is deemed reliable but is not guaranteed accurate by the MLS or Zina & Co. Real Estate. Last updated 2022-05-22T18:32:57.277.
www.zinasells.com/homes/127495342
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23226 Fm 306 Canyon Lake, TX 78133

  • Price: $1,700,000
  • Status: Active Option
  • On Site: Days
  • Updated: 22 min ago
  • ID#: 1597935
0
Beds
0
Baths
0
½ Baths
2.02
Acres
26,448
SQFT
$64
$/SQFT
2022
Built
Neighborhood:
Canyon Lake
County:
Comal
Area:
Canyon Lake
School District:
Comal
Property Description
Great opportunity for a relatively automated business which is expected to have a strong yearly cash flow of approximately 100k gross based on pro-forma data and current run rate with plenty of room for rental increases. Proforma and other documents are attached to listing. Construction is not yet complete at the time of listing (ETA 2 weeks) and facility is already at approximately 70% occupancy already. The property itself has 50 units with current rents varying from $165 to $195 a month and plenty of room for increases based on the quality of the facility and supply/demand in the Canyon Lake area for these types of services. The owner is planning for a 15% increase shortly. There is a clean website which allows for the automation of reservations, cancellations and rentals. Property itself has great frontage on 306 and is approximately 5 minutes away from 2 major boat ramps for the north side and within about 10 minutes of the beautiful north side marina. Cost of raw materials has gone up significantly since construction and land has also continued to rise in the vicinity of Canyon Lake, so this is a rare opportunity to own a cash flowing business with a real estate component which has also historically risen at a very strong rate. Canyon Lake itself has been a very strong attraction to boat and RV owners. We are attaching some graphically enhanced visual representations of what the property will look like when finished to the photos (these images are approximations and just to create perspective). The 2 north side buildings will be covered, but not enclosed and the southern side units closest to the road are enclosed with bay doors adding a degree privacy to the customer experience. There is no physical storefront or need for employees as the storefront is "internet based" and doesn't require the owner's time in the vast majority of instances. Expenses and maintenance are also overall very minimal. If one is looking for a great business investment opportunity in the vicinity of Austin and San Antonio which will overall require very little time and has easily delegated tasks this is a great one to consider. Additional documents are available for serious inquiries.
Exterior Features

Construction Metal Drive In Doors 50 Foundation Other Loading Facilities None Rail Service No Roof Metal Total Parking 10

Interior Features

Ceiling Height 14

Property Features

Amenities Exterior LightingSecurity SystemFenced Storage YardInside StorageSecurity FenceControlled Access Annual Tax 2527 Approx Age 0 Available With Lease No Building Center Name Freedom Boat & Rv Storage City Tax 0 Commercial Type Multi-Use County Tax 2500 Flood Plain None Gas And Electric 2400 Gross Building Area 26448 Gross Income 101040 Income Expenses Estimated Insurance 3000 Lease Only No Monthly Lease 0 Net Operating Income 87313 Other Tax 0 Proposed Terms Sale OnlyCashConventional Rentals 50 Restrictions None Sale Includes BuildingsLandBusiness Sale Rent For Sale School Tax 0 Total Tax 2500 Utilities Electricity Utility Supplier Elec Pec Utility Supplier Garbage Pec Utility Supplier Sewer Canyon Lake Zoning Commercial

Listing provided courtesy of Brayson Verzella of Real.


© 2022 San Antonio Board of REALTORS® All rights reserved. IDX information is provided exclusively 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. Information is deemed reliable but is not guaranteed accurate by the MLS or Zina & Co. Real Estate. Last updated 2022-05-22T18:32:57.277.
 
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Zina & Co. Real Estate
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Marble Falls TX, 78654