TITLE:
Established Lakeside Event Center with 200+ Capacity Pavilion in Kemah, League City
CONTROL:
Exclusive
VALUE:
$3,800,000
LOAN:
$0
EQUITY:
$3,800,000
TYPE:
Retail/Commercial
HAVE:
Prime hospitality property in Kemah, TX on 4.33 acres with an operating event venue on a man-made lake, just south of the Kemah Boardwalk, offering strong tourism, excellent access, and flexible ownership options including owner financing or partnerships.
WEBSITE URL:
ADDRESS:
1019 Lewis Drive, Kemah, Texas
BENEFITS TO NEW OWNER:
Proximity to 4 million annual visitors to the nearby Kemah Boardwalk, tourist town. Tranquil feel inside busy area, upside on event venue, room to grow, develop, Kemah has no zoning, no HOA
OTHER FILES:
GROSS SCHEDULED INCOME:
$1,156,700 Projected
VACANCY LOSS:
$0
GROSS EFFECTIVE INCOME:
$1,156,700
EXPENSES:
$560,768
NOI:
$595,932
DEBT SERVICE:
$0
CASH FLOW:
$595,932
CAP RATE:
15.68%
BENEFITS SOUGHT:
Seller's are retirement age and want to sell to travel. Also own property in Canyon Lake, TX that will be cabins, wellness camp and airbnb. Funds will go to that venture
CAN ADD:
Property, Boots on the ground
COUNSELOR:
James Brockway
Brockway Commercial
2366 Calypso LN
League City, , 77573-0759
Phone: 2816846482
