3035 W Hwy 154

Estimated Monthly Payment: $10,032/mo 3035 W Hwy 154, Quitman, TX 75783 MLS# 10124004 Building Listing Status: Active
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REMARKS:

One Of The Original Marinas Established On Lake Fork And Built Into One Of The Most Highly Regarded Businesses Since The 90’S.The Current Owner Has Continued The Focus Of Making The Minnow Bucket One Of The Top Marinas On Fork. What Makes A Great Marina? A Wide Range Of Services And Products Supported By A Great Staff Knowledgeable In All Aspects Of Lake Fork And Its Fishing Reputation With A Location 2nd To None! The 2018 Traffic Count By Txdot Showed On Average 4451 Vehicles Per Day Pass The Approximately 1200’ Of Road Frontage On Hwy 154. With Strong Operational Controls And The Many Streams Of Income, The Owner Has Maintained A Steady Growth And Increased Interest From The Public. By Doubling Rooms Up To 30 Plus Adding Three 2-Story Lodges With Full Kitchens Along Plus One Stand Alone Lodge Rental, Larger And Larger Groups Can Settle Into One Spot For Tournaments Or Family Gatherings. The Covered Pavilion With Bathrooms Gives All Kinds Of Groups A Great Gathering Place For Just About Any Kind Of Event.The Large Well Stocked And Busy Convenience Store Was Remodeled In 2016 And Is Loaded With The Latest In Fishing Accessories Including A Live Bait Shop. Everyone Will Enjoy Breakfast And/Or Lunch At The Café. There Are 2 Covered Public Gas Pumps Located At The Road Supported By An On-Site Fuel Delivery System Consisting Of Three 4,000 Gallon Above Ground Gas Tanks. Additionally, The Minnow Bucket Sells Propane By Volume To The Public And Has 2 Other Propane Systems To Support The Hotel And Café. To Support The Entire Complex, An On-Site Septic Treatment System Is In Place Eliminating The Need And Cost Of Smaller Systems. The Grounds Include 37 Rv Sites, 2 Boat Launches And 2 Piers. One Pier Is 130’ Long With An On-Water Fuel Dispenser And The Other Pier Is 280’ Long With An Attached Fish Cleaning Station (Currently Under Repair).This Investment Opportunity Offers Incredible Location, Public And Lake Access, And Mostly Importantly Many Income Producing A

OVERVIEW:

Building
Active
1994
1.02
Brick Veneer,Alum/Vinyl Siding,Siding,Concrete Based Siding
Central Electric
Central Electric,Individual Controlled
Cooperative
Other/See Remarks

FINANCIAL:

$2,200,000

NEIGHBORHOOD & SCHOOL INFORMATION:

Broker Reciprocity Courtesy of Paul Tibbets - Signature Properties, LLC-Lake Fork

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 Data last updated: 01/27/2021, 2:22:25 AM.

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