104 Scudder Ln | Wimberley, TX 78676
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- LoopNet Team
104 Scudder Ln
Wimberley, TX 78676
Cypress Creek Cottages · Hospitality Property For Sale
·
6,492 SF
INVESTMENT HIGHLIGHTS
- 8% Cap Rate. Over $740,000 in average annual revenue. $389,000 (52%) average annual Net Operating Income (NOI). 7% year-over-year annual appreciation.
- 12 recently updated cottages with over $1.1m in renovations and improvements completed in 2023
- Established partnership deals for spa services, wine tasting, and more.
- Established business brand with name recognition. 20% repeat guest stay rate with over 3,500 overnight guests annually.
- FF&E supporting high volume operations. Digital assets – website, domain names, social media accounts, and much more. Comprehensive “Direct” and “
PROPERTY FACTS
| Property Type | Hospitality | Building Size | 6,492 SF |
| Property Subtype | Hotel | No. Stories | 1 |
| Building Class | B | Year Built | 1990 |
| Lot Size | 3.74 AC | Corridor | Exterior |
| Zoning | OCL - Outside City Limits | ||
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 3.74 AC |
| Building Size | 6,492 SF |
| No. Stories | 1 |
| Year Built | 1990 |
| Corridor | Exterior |
| Zoning | OCL - Outside City Limits |
AMENITIES
- Spa
- High Speed Internet Access
- Bed & Breakfast
- Wedding Venue
- Hot Tub
- Fully-Equipped Kitchen
PROPERTY TAXES
| Parcel Number | R130345 | Improvements Assessment | $20,394 |
| Land Assessment | $67,590 | Total Assessment | $87,984 |
PROPERTY TAXES
Parcel Number
R130345
Land Assessment
$67,590
Improvements Assessment
$20,394
Total Assessment
$87,984
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