Commercial Real Estate for Sale in Wellington, Texas $310,000
This very well maintained, 21-room Cherokee Inn Motel is located on US Hwy 83 in Wellington, Texas. The Cherokee Inn has been locally owned for several decades by only two families, the Goforth?s and the Folk?s. The Folk?s purchased the Cherokee Inn in 1998 and have run a very successful operation ever since. The exterior has just been completely repainted. Interior rooms are in very good condition. There are 8 rooms with 1 queen bed and 13 rooms with 2 full size beds. One of the original 22 rooms is used as a personal office space. 9 of the rooms have tub/shower combo and 12 rooms have shower only. The entrance to the motel office is under a portico. The property has 1,963 square feet of beautiful living space with 3 or 4 bedrooms, 2 baths and basement. The rustic living/dining area is adjacent to a beautiful modern kitchen with stainless steel appliances. The master bedroom located in the basement has hand scraped wood look tile. A very large back yard includes a large concrete patio, wooden playground, trampoline and basketball goal that is all fully enclosed with an almost new cedar privacy fence. A separate yard, to the south of the restaurant building is also enclosed with a cedar privacy fence. Although the restaurant was closed and gutted a few years back, it would make an excellent location to open another restaurant, or a multitude of other uses. Serious qualified buyers can sign a Confidentiality Agreement and gain access to income and expense history. The property is For Sale only. It is not for lease and no owner financing is available. The Cherokee Inn would make a nice home for a family wanting to make a good living running a small motel in one of the Texas Panhandle?s best kept secrets?.Wellington. For a small town, Wellington offers more things to do, than any of the surrounding towns. Guests can catch a movie at the fully restored Wellington Ritz Theatre or take in a game of bowling, racquetball, or basketball at the Wellington Activity Center (WAC), a facility that would rival most YMCA's in larger cities. The new Fairgrounds has an indoor arena, an outdoor arena and RV hookups that attracts various equine events. A brand new Wellington Aquatic Venue, (WAV), located just east of the WAC opened in June 2015, and is a must see attraction with several features including a 32 foot tall open flume water slide. North of town is Pioneer's Park a great place to enjoy the scenery of The Salt Fork of the Red River, where the infamous Bonnie and Clyde plunged their car into the river and then disarmed the Sheriff and Police Chief, among other things. For hunters, Collingsworth County can compete with any county in the great State of Texas, for the deer, turkey, hogs, quail and dove are abundant. For Golfers, Wellington Country Club is the best kept 9 hole secret in the area. Restaurants include The Salt Fork Café located next door, Dairy Queen across the street and Roberson?s Restaurant, The Taco Shack and The Getting? Spot each within a short one to two block walk or drive. My-T-Burger and an Allsup?s are located across the street from the newly renovated High School on 15th Street. Another Allsup?s is located three blocks north of the motel on US Hwy 83. As far as Health Care, Wellington, again has some of the very finest facilities a small town can offer with Collingsworth General Hospital, with a brand new inpatient and emergency department addition, as well as a brand new 6,891 square foot Collingsworth Family Medicine Clinic with state-of-the-art equipment. Also on the grounds are Park View Manor, an excellent assisted living facility, and Collingsworth Pharmacy. A new Ambulance Barn is in process.This great little community also offers Wellington Care Center, Collingsworth County Library, Collingsworth County Museum, and Marian Airpark. Since 1910, The Wellington Leader, now The Red River Sun, has kept the citizens of Wellington and Collingsworth County informed of local and area news.One of the best school systems in the state is located in Collingsworth County; Wellington Independent School District, home of the 2013 Division 2-1A State Champions, the Wellington Skyrockets!Come see why the Cherokee Inn Motel should be your next business venture and why Wellington, Texas should be your next home!
Brokered And Advertised By: CHAD HOLLAND REAL ESTATE
Listing Agent: Chad Holland