2 Commercial Lots For Sale on Cedar Creek Lake. $1,975, Acres $4.28 sq ft

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Stephen Gabriel Collins
5 years ago
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2 Commercial Lots For Sale on Cedar Creek Lake ST HWY 334, Gun Barrel City, TX 75156 $1,500,000-6.49 Acres - $5.30 sq ft $1,975,000 10.6 Acres $4.

1 2 Commercial Lots For Sale on Cedar Creek Lake ST HWY 334, Gun Barrel City, TX $1,500, Acres - $5.30 sq ft $1,975, Acres $4.28 sq ft 2 Parts of an island on Cedar Creek Lake available. Being 17 acres total and the majority of the island it would make be an excellent opportunity to develop Condos, Apartments, Hotels and Restaurants. The island has water, sewer, electricity and telephone available. HWY 334 is the only major road connecting Seven Points and Gun Barrel City. The South East section of the island is a beautiful park maintained by the City of Gun Barrel.

2 Location

Gun Barrel City is centrally located in East Texas; a short one-hour drive northwest to Dallas, a one-hour drive east to Tyler, a 30- minute drive north to Canton for 1st Monday Trade Days, an easy

3 Gun Barrel City is centrally located in East Texas; a short one-hour drive northwest to Dallas, a one-hour drive east to Tyler, a 30- minute drive north to Canton for 1st Monday Trade Days, an easy drive to Galveston to enjoy the coast or to Shreveport to enjoy a weekend at the casinos. Best of all, you can stay home and enjoy the peace and quiet and the relaxing atmosphere away from the hustle and bustle of the big city. Gun Barrel City was established in 1969 on the north east shore of Cedar Creek Lake, which has 32,873 acres and is approximately 8.5 miles wide and 18 miles long. You can enjoy fishing, sailing, boating, and every type of water sport imaginable. According to the Cedar Creek Chamber of Commerce, many of Cedar Creek Lake's residents are commuters, traveling to the Dallas area to work. They proclaim the hundred-mile round trip well worth the serenity they experience upon returning home to the lake at the end of the work day. The shoreline of Cedar Creek Lake is also a popular spot for "week-enders" who have purchased vacation/week-end homes that they can enjoy year round.

5 Ideal for Hotel Condominium Development The population of Gun Barrel City is 5,000. On a busy summer weekend, Cedar Creek Lake becomes destination location for weekenders from Dallas. Approximately 40-60,000 additional people will come to the lake for water sports and recreation. Suddenly there is traffic, shopping is busy, restaurants are packed with a 30 minute wait for a table. A 17 year real estate veteran of selling lake front properties on Cedar Creek Lake, says that in her experience with condo sales and waterfront rental, this property is an ideal candidate for a multi-unit development that would allow owners to then contribute to a rental pool during their vacancy. The agent has about 8 clients who have one or more waterfront weekend rental income property and one client who manages many of those properties. According to them there is an enormous demand for waterfront rental proper-ties which far exceeds the supply. She says that properties typically bring $300-$450 per night, requiring a 3-4 night minimum stay. One client uses their home one dedicated weekend per month, they book the remaining calendar dates as an income property. The home valued at $450, Ownership cost for the year was $600. The remaining costs, mortgage, insurance, property taxes and maintenance were offset by the rental influx. The Cedar Creek Lake area is just a few minutes from Athens, TX. Athens was listed a couple of years ago as Top Ten Cities in State of Texas to retire. Athens has great medical care facilities, shopping and dining, another lake of their own and abounds with small town charm and atmosphere! With our being just 50 miles from Dallas, having not only this 34,000 acre lake, but Purtis Creek State Park, Athens Arboretum, Lake Athens, Canton First Monday Trade Days, Tyler just 35 more minutes East. Cedar Creek Lake is an extremely busy weekend and retirement destination.

6 Potential Town House Configuration

7 January 29, 2015 THE ISLAND AT CEDAR CREEK LAKE RE: SENIOR RESORT/ RETIREMENT DEVELOPMENT OPPORTUNITY We represent a piece of property we strongly feel presents a unique location and opportunity for a senior resort living/retirement community. Located only an hour from the DFW Metroplex and an hour from Tyler in the East Texas piney woods, it features over 10 wooded acres and 2600 feet of open water on beautiful Cedar Creek Lake. The Island is an ideal location for seniors to enjoy the benefits of lake life without the worries of routine maintenance of waterfront living. Access is directly off of state highway 334 between Gun Barrel City and Seven Points. It is in Gun Barrel City which has no property taxes. Immediate facilities include super WalMart, Lowes, Chili's, Brookshires, Braums, Bealls, an 8 screen theater, La Quinta, Comfort Suites, Days Inn, Denny's, a 30,000 sf East Texas Medical Center 24 hour facility which includes 10,000 sf with pool/gym/rehab, and all of the major fast foods as well as many excellent local restaurants, shops and stores. Cedar Creek Lake has over 300 miles of shoreline, the vast majority of which is residential. Most homes are weekend homes from DFW but many are full time residents and of those nearly all are seniors. It was voted "Worth the Commute" in D Magazine's "Best Places to Live" section and was also named "Most Economical Places to Live in Texas for Retirees" by ehow.com. While we are the agents for this property, we are also seniors with a home on the lake. All of our friends are like us in that we love the lake but are beginning to tire of taking care of a full time home. Time will soon come that we will all have to make a decision on our next move and leaving the lake is a very tough choice; but there is no place else on the water we can go. We would love to have the option of a place on the water that caters to those of our age and is able to handle our needs as we grow older. All with whom we have discussed this with feel the Island would be a perfect location. There is no other property like it or available on the lake or anywhere else within such a proximity to the DFW Metroplex. Stan Fernald stan@thefernaldteam.com

8 County: Henderson Account Number: A Property ID Number of Parcel ID: A0053 Legal Description: ACRES: Lot Sq Ft: 307,534 Zoned: Commercial retail restaurant The survey for the property is 7.06 acres. On the deed part of the land is under water and beyond the retaining wall The survey within the wall is 4.75 acres in fee simple and 1.25 acres in easement, which is guaranteed by title insur-ance. Stan Fernald

9 Potential Town House Configuration Stan Fernald

10 Potential Town House Configuration Stan Fernald

11 Stan Fernald

WENDY S RESTAURANT NNN

WENDY S RESTAURANT NNN Investment 2740 East Highway 190 Copperas Cove, TX 7486 La Jolla Boulevard, Suite 173 La Jolla, California 92037 EXECUTIVE SUMMARY PROPERTY Wendy s Restaurant LOCATION 2740 East