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The Lodge at Turkey Cove 2386 Colleen Dr 17 Room Hotel Canyon Lake, TX 78133 $3,461,250 CAD ($203,603 CAD/Room)
INVESTMENT HIGHLIGHTS
- Canyon Lake's Premier 17 Room Waterfront Lodge with Full Commercial Kitchen & Banquet Hall
- Great upside for Wedding Venue, Mini Resort, Retreat Center, Hill Country Summer Camp or continued Lodging
- Excellent candidate for a 1031 Exchange *Seller Financing Available*
- Located at Boat Ramp #2 with exceptional bluff and water views
- Prime location for Corporate events, Catering Operations, Music Venues
EXECUTIVE SUMMARY
Now available: The Lodge at Turkey Cove, Canyon Lake's premier 17-room waterfront lodge, is ready for a new owner. This exceptional investment opportunity, located adjacent to Turkey Cove Boat Ramp #2, has been owner-operated for the past 18 years. This legacy property offers unbeatable visibility, high traffic, and breathtaking lake views, making it ideal for a wide range of hospitality or commercial uses. The lodge features tastefully decorated, fully furnished guest rooms and includes a spacious event hall connected to a fully equipped commercial kitchen-perfect for weddings, corporate events, music venues, or catering operations. Outdoor amenities include ample parking, a large covered patio, multiple decks, picnic areas, and BBQ pits, providing an inviting space for guests to relax and enjoy the scenic surroundings. Visitors are often greeted by deer roaming freely throughout the property, adding a charming Hill Country touch. The property also includes an RV hookup and is surrounded by a mix of mid-range to luxury residential homes, enhancing its appeal for various development opportunities. Whether envisioned as a wedding venue, bed and breakfast, mini resort, winery, retreat center, or even a Hill Country Summer Camp, this turn-key lodge offers incredible versatility and upside potential. It's also an excellent candidate for a 1031 Exchange. Seller finance Option available.
PROPERTY FACTS
| Price | $3,461,250 CAD | Building Size | 8,704 SF |
| Price Per Room | $203,603 CAD | No. Rooms | 17 |
| Sale Type | Investment | No. Stories | 2 |
| Property Type | Hospitality | Year Built/Renovated | 1972/2023 |
| Property Subtype | Hotel | Tenancy | Single |
| Building Class | B | Parking Ratio | 1.29/1,000 SF |
| Lot Size | 0.90 AC | Corridor | Interior |
| Zoning | C-1 - Zoned C-1 Commercial as a Hotel | ||
| Price | $3,461,250 CAD |
| Price Per Room | $203,603 CAD |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 0.90 AC |
| Building Size | 8,704 SF |
| No. Rooms | 17 |
| No. Stories | 2 |
| Year Built/Renovated | 1972/2023 |
| Tenancy | Single |
| Parking Ratio | 1.29/1,000 SF |
| Corridor | Interior |
| Zoning | C-1 - Zoned C-1 Commercial as a Hotel |
AMENITIES
- Balcony
- Business Center
- High Speed Internet Access
- Patio
- Meeting Event Space
- Public Access Wifi
- Smoke-Free
- Fully-Equipped Kitchen
- Multi-Room Suites
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Suite | 3 | $289.36 CAD | - |
| Guest Room | 14 | $224.29 CAD | - |
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PROPERTY TAXES
| Parcel Number | 13-0335-0285-00 | Improvements Assessment | $819,537 CAD |
| Land Assessment | $633,229 CAD | Total Assessment | $1,452,766 CAD |
PROPERTY TAXES
Parcel Number
13-0335-0285-00
Land Assessment
$633,229 CAD
Improvements Assessment
$819,537 CAD
Total Assessment
$1,452,766 CAD
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The Lodge at Turkey Cove | 2386 Colleen Dr
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