1092 W Tarleton StreetStephenville, TX 76401Price: $985,000

PRICE REDUCTION The Gallery House Boutique Hotel, opened for business in September 2020 and has been well received! This Craftsman Home, originally built in 1895, took two years to restore and convert into a Hotel. A turn-key business. Located half block from Tarleton State University and on a corner lot with room to expand. Featuring four private rentable rooms, elegantly designed and all with modern conveniences. Zoned Mini splits in every room, smart T.V., microwave, mini fridge, custom showers and well made matresses and lines. Hardwood floors throughout. Hotel features 10 foot ceilings with re-claimed vintage stamped tin in all three downstairs KING rooms, each with a different design. Five original fireplaces, Commercial gas tankless water heater, externally mounted, along with professional water softner system which protect fixtures, shower doors and appliances. Grounds include, a detached office studio with private bath and zoned heating and air, custom rock patios, sidewalks, courtyards and native landscaping. An asphalt parking lot with an ADA concrete slap provides safe parking off the street, with a designated Entrance and Exit. An ADA cement ramp with railing, plus steps from parking lot lead guest to our beautiful wrap around porch to access Hotel. Property has room to build Phase II if desired, which would include the addition of three rental units on one foundation. Sewer tap in place and parking lot built with 14 spaces to accomodate future expansion. The Gallery House Boutique Hotel has excellent review scores, repeat guest, local business, corporate travel, sub-contractors and transient weekend buisness. The Gallery House Boutique Hotel has an establised website which captures majority of reservation bookings. Walking distance to Tarleton State University, Historic Downtown, and Hospital district. Property is an asset gain as Tarleton State University grows expenditually in all directions.