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Minnow Bucket Motel 3035 W Highway 154 36 Room Hotel Quitman, TX 75783 $1,326,124 CAD ($36,837 CAD/Room)
EXECUTIVE SUMMARY
JTACR Real Estate Group is pleased to present Minnow Bucket Motel – a brand that has been known by the locals on Lake Fork,
since the 1960s. The motel and lodge consists of 36 rooms, ranging from a standard to extra large suite options.
The property is located directly off Highway 154 with 5,000 cars passing through daily. Additionally, the property is situated on
Lake Fork, one of the premier trophy Bass fishing lakes in the world, bringing prize winning fishermen and tourism from all over
the world.
Current ownership has helped streamline the business while increasing revenue from multiple sources.
**The motel is currently part of the entire Minnow Bucket Marina. Ownership has asked the local jurisdiction if separation is
allowed, and the jurisdiction has given preliminary verbal approval that this separation is allowed. This will need to be finalized
with the Sabine River Authority and local jurisdiction.**
since the 1960s. The motel and lodge consists of 36 rooms, ranging from a standard to extra large suite options.
The property is located directly off Highway 154 with 5,000 cars passing through daily. Additionally, the property is situated on
Lake Fork, one of the premier trophy Bass fishing lakes in the world, bringing prize winning fishermen and tourism from all over
the world.
Current ownership has helped streamline the business while increasing revenue from multiple sources.
**The motel is currently part of the entire Minnow Bucket Marina. Ownership has asked the local jurisdiction if separation is
allowed, and the jurisdiction has given preliminary verbal approval that this separation is allowed. This will need to be finalized
with the Sabine River Authority and local jurisdiction.**
PROPERTY FACTS
| Price | $1,326,124 CAD | Building Size | 42,437 SF |
| Price Per Room | $36,837 CAD | No. Rooms | 36 |
| Sale Type | Investment | No. Stories | 2 |
| Property Type | Hospitality | Year Built/Renovated | 1986/2016 |
| Property Subtype | Hotel | Parking Ratio | 1.25/1,000 SF |
| Building Class | C | Corridor | Exterior |
| Lot Size | 0.96 AC |
| Price | $1,326,124 CAD |
| Price Per Room | $36,837 CAD |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 0.96 AC |
| Building Size | 42,437 SF |
| No. Rooms | 36 |
| No. Stories | 2 |
| Year Built/Renovated | 1986/2016 |
| Parking Ratio | 1.25/1,000 SF |
| Corridor | Exterior |
AMENITIES
- Restaurant
- On-Site Retail
- High Speed Internet Access
- Public Access Wifi
- Smoke-Free
- Fully-Equipped Kitchen
- Multi-Room Suites
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Suite | 4 | $295.94 CAD | - |
| Guest Room | 32 | $149.36 CAD | - |
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PROPERTY TAXES
| Parcel Number | R17395 | Improvements Assessment | $3,810,816 CAD |
| Land Assessment | $258,330 CAD | Total Assessment | $4,069,146 CAD |
PROPERTY TAXES
Parcel Number
R17395
Land Assessment
$258,330 CAD
Improvements Assessment
$3,810,816 CAD
Total Assessment
$4,069,146 CAD
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Minnow Bucket Motel | 3035 W Highway 154
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