4445 Fm 2723
Mt Vernon, TX 75457

$1,400,000

Description

Rare opportunity on one of the most prestigious lakes in TX.You can be the owner of the ONLY business on Lake Cypress Springs. The Marina is a full service restaurant and bar with over 3,900 square feet of heated and cooled space, as well as over 1,500 sq ft of screened in patio. A 6,000 gallon underground fuel tank services a 24/7 fuel dock located over the water,easily accessible for boats. 17 boat slips used for parking and fueling. Outdoor areas consist of apx. 5 acres which house a volleyball court, buildable lot, play area, and outdoor stage. Large commercial kitchen includes large walk in, pizza oven, automated dish room and tons of room. Bar built in 2018. All contents/equipment to convey. Potential income opportunities, such as boat rentals, cabins, boat service, catering, venue, expansion of the VIP Program in place, firework sales, retail, etc. Be the only business on Texas most beautiful lake as awarded by D Magazine. Both 99 Year leasehold estate and Fee Simple Property

Details

MLS#10111692
StyleRetail
Sub-TypeResale
StatusActive
Year2004
Days On Site24

Features

SQ Feet5,600
Story(s)1
ZoningCommercial

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Area Information

StateTX
CountyFranklin
CityMt Vernon
Zip Code75457
AreaFranklin
Listing VS Median (in 75457)
Price:
$1,400,000
low | high
Med:
$210,500
100% of Average
SqFt:
5,600
low | high
Med:
3,650
84.821428571429% of Average
$ / SqFt:
$250
low | high
Med:
$78
100% of Average
On Site:
24
low | high
Med:
71
33.802816901408% of Average
Listing Updated: 08/25/2019
MLS Number: 10111692
Listing Provided By:
Nicole Anderson  of  Ramsey Realty Group
MLS Internet Data Exchange (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, and that the data is deemed reliable but is not guaranteed accurate by the Greater Tyler Association of REALTORS®.