106 County Road 1807, Clifton, Texas

Description

Little Rocky Lodge located in Lake Whitney, Texas, is a lakefront oasis that is the perfect getaway for families and friends. The Lodge offers cozy and comfortable accommodations, private access to the lake, fully equipped and modern kitchens, childrens' playground, and a variety of outdoor activities including fishing, swimming, boating, kayaking and more. The lodge itself is a charmingly appointed wooden structure with large decks overlooking the waterfront. Acreage does not include Army Core of Engineers lease that extends the property to the lake. The multi-year lease permits the Lodge guest s exclusive private access to the lake, use of the boat ramp and boat slips. Current vacancy is 75%. Models have indicated that by moving the vacancy rate to 50%, the new owner can achieve a material increase to the current cap rate.

Directions: From the Dallas Fort Worth metroplex, travel south on I35 W or E to Hillsboro. Exit to Spur 579 W, Proceed to TX-81 S. Turn right onto W Elm ST E State HWY 22 W for about 20 miles. Turn right onto Ridgewood RD, turn right to stay on Ridgewood RD, Turn left onto 4rh Lane.