218 S Market Street, Flatonia

$795,000

0 Bed
0 Bath
.26 Acre
0 Garage

Enjoy the grandeur of the historic Olle Hotel. This gem offers 12 bedrooms with 13 private bathrooms. Beautifully furnished turn-key operation with all the amenities one would expect with first class lodging. Located in the backyard is a 590 SF 1 BR, 1 BH cozy furnished cottage. The cottage could be used to house the owners and there is ample room to enlarge the cottage if desired. Included with sale is a separate laundry building with two commercial washers and commercial dryers, along with three regular washers/ dryers. In walking distance are fantastic restaurants, wine bars and a tavern. The Olle is located close to the famous painted churches, wineries, the Shiner Brewery, along with many local festivals and events within a thirty-mile radius. The Olle is centrally located between Houston and San Antonio, a mile from I-10, in a registered National Historic District.

PLEASE NOTE THE NUMBER OF BEDROOMS AND BATHS INCLUDE THE HOTEL AND COTTAGE. THE HOTEL HAS 12 BEDROOMS AND 13 BATHS, THE COTTAGE HAS 1 BATH. The owner has a long term lease with the cottage adjacent to the north of the OLLE and sub leases this property. The hotel has been featured in several travel magazines and travel books, including four times in Texas Highways magazine. The Olle has earned stellar ratings, as can be viewed on such sites as Trip Advisor. Check out the Olle Web page at http://www.ollehotel.com.

*** Property is fully furnished and equipped and ready to operate under new ownership.
*** Interactive map located in the bottom area of this listing.
*** Owner subleases the cottage to the north . Ask listing agent for more information.
*** Ask to see inventory list of items to convey with accepted offer

Essential Information
MLS® #4916840
Price$795,000
Bathrooms0.00
Acres0.26
Year Built1900
TypeCommercial Sale
Sub-TypeHotel/Motel
StatusActive
Community Information
Address218 S Market Street
AreaFC
SubdivisionCity Of Flatonia 400
CityFlatonia
CountyFayette
StateTX
Zip Code78941
Amenities
UtilitiesSee Remarks
ParkingSee Remarks
Interior
InteriorWood
HeatingCentral, See Remarks
Master On MainN
Exterior
ConstructionMasonry
Additional Information
Date ListedOctober 7th, 2020
Days on Market150
Has HOA FeesN
Property History
Price Increased from $696,000 to $795,000
LISTING MAP

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Property Listed by: Holub Real Estate, LLC

The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Based on information from the Austin Board of REALTORS® (alternatively, from ACTRIS) from March 6th, 2021 at 1:19am CST. Neither the Board nor ACTRIS guarantees or is in any way responsible for its accuracy. The Austin Board of REALTORS®, ACTRIS and their affiliates provide the MLS and all content therein "AS IS" and without any warranty, express or implied. Data maintained by the Board or ACTRIS may not reflect all real estate activity in the market.

All information provided is deemed reliable but is not guaranteed and should be independently verified.