227 S Jefferson St
La Grange, TX 78945
The Oak Motel · Hospitality Property For Sale · 8,256 SF

Great entry level motel business opportunity for sale that is ideal for a new owner-operator new to the industry. The motel is currently being operated by the same owner/family since 1981. Owner wishes to retire after operating business for 36 years and would like to pass the motel to another dedicated operator. The motel consists of 18 units in an exterior corridor fashion where all rooms are fully functional and revenue generating. The property sale includes the following components: 18 unit motel, 3 bedroom manufactured home, and a two story 4 bedroom Victorian style home. Property size is 0.8 acres with two entrances to the property. The total asking price for the entire property is $500,000. This price was determined by the motel and manufactured home value ($100,000 gross X 3 = $300,000) and the value of the home ($200,000) for a total of $500,000. We can NOT provide owner financing. Please work with your lender or you are welcome to work with our local banks for financing. Motel revenue mainly consists of overnight guests and limited weekly rentals. Motel expenses are manageable by having the owner-operator perform most operations and maintenance practices. Motel is located on US Highway 77 South in La Grange, Texas. Motel is 16 miles North of Interstate 10 in Fayette County Texas. Motel is 1 hour to the East of Austin, Texas and 1.5 hours to the West of Houston. Fayette county sits in the Eagle Ford Shale play and in the Austin Chalk formation for oil and gas activities. Demand generators include the semi-annual antiques show, the annual MS-150 bike race, LCRA Power Plant operations, Union Pacific Railroad operations, and private infrastructure contractors working in the county.