$2,500,000
Active
40 Days Online
0 Beds0 Baths4,246 SQFT
Active

4445 N Farm Rd 2723 Mt Vernon, TX 75457

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Constructed in 2004, The Cove operates as a waterfront restaurant coupled with vacation rentals, live music entertainment, volleyball, on-water gas station pumps, and incredible views of Lake Cypress Springs. This opportunity presents a distinctive and attractive prospect for investors seeking to capitalize on a once in a lifetime opportunity. The massive potential lies in the additional waterfront land that comes with the purchase of this investment. As the only restaurant on Lake Cypress Springs, The Cove is infamous as a destination location for boaters on the water. With its proven track record and established presence, this commercial property is ready for the savvy investor to take advantage of its potential. The breathtaking views and charm of the four vacations rentals located on site make this a great retreat for those traveling from out of town. There is a private cove with lake frontage for all guests to enjoy while staying on the property. This opportunity offers a reliable source of rental income from vacationers seeking to indulge in the stunning views and recreational activities available at Lake Cypress Springs. The gas station and restaurant further enhance the property's revenue potential, catering to both locals and tourists passing through the area. As the prime location on the lake, investors will see the lucrative potential that comes with the undeveloped waterfront land adjacent to the restaurant. With a proven track record of success since its establishment in 2004, this commercial property is a turnkey operation for investors looking to take advantage of the growing hospitality industry in the area. Don't miss out on this once-in-a-lifetime opportunity to own a successful business on Lake Cypress Springs. This exceptional commercial property opportunity is a gem not to be missed. Reach out to take a private tour today.

  • Property TypeCommercial
  • NeighborhoodN/A
  • CountyFranklin
  • Taxes$0
  • HOA/Condo/Coop Fees$0
  • Days on Site40 Days
  • MLS StatusActive
  • MLS ID Number24004111
  • Home Size Source N/A
  • Year Built2004
  • Lot Size3.852 Acres
  • Full BathsN/A
  • Partial BathsN/A

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General Features

  • Construction Frame
  • Building Features Security SystemSecurity LightingOutside Storage
  • Parking Additional Parking AvailOff StreetOther/ See Remarks
  • Sewer Public Sewer
  • Acreage 3.852
  • Water Public
  • Zoning Planned Unit Res District, Commercial, Retail, Office, Multi Family Dwelling, Other/See Remarks
  • Utilities Electricity Available

Interior Features

  • Cooling Central Electric
  • Heating Central Electric

Exterior Features

  • Waterfront Property Yes
  • Lot Storage BuildingMiscellaneous Building(s)Paved Interior RoadsLake
  • Road Frontage County Road

Community Features

  • MLS Area Franklin
  • Building Features Security SystemSecurity LightingOutside Storage

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Monthly Payment (Est.)

$13,603
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