860 County Rd 142, Lake City, CO 81235

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The Texan Resort is Thirty-Five log cabins currently cash flowing a rough NOI of $655,000 on a seasonal asset basis for just 6-months out of the year. In just this year the resort is adding an industrial kitchen to cater and host clientele as well the onsite staff. This new addition is estimated to bring the resort a minimum of $20 per cabin per night added revenue in food sales and could mean an extra $20,000 per month minimum. Several other options for additional income include: Adding the store for sales in food and goods, ATV/UTV rentals as well snowmobile rentals in the winter. Since purchasing current owner has tremendously increased the overall infrastructure as well the enhancement of The Texan Resort business, and has placed 22-Log Cabins approximately 1,250sf or bigger. The cabins are spacious and comfortable, offering expansive porches, unparalleled views, and modern-day amenities, including granite countertops, all the appliances you could need, and wireless internet throughout the resort. The community is located in a setting where the river flows and wildlife roams free and the scenery is nothing short of spectacular. What truly brings this property joy is just to the south sits a crystal-clear 65-foot waterfall from the headwaters of Lake San Cristobal that keep large rainbow trout flowing heavily into the property.

Primary Features

Property Type: Multifamily

Building Size: 107,000 sqft

Stories: 2

Units: 35

Buildings: 35

Year Built: 2006

Price: $7,750,000

Pricing Type: Sale

Lot Size: 609,840 sqft

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Broker Associate

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Chase Sullivan

Broker Associate

csullivan@capitalpropgroup.com

(812) 320-2207

Location Information

Capital Property Group

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