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26752633
26752634

1147 Country Road 1110, Meridian, TX 76665 For Sale

DF
TX TX691654
Fisher Advisors
Listed by Fisher Advisors
$4,200,000
320 days on market
Updated 3 days ago

Vineyard Community - 155 (1-Acre Lots) - Seller Finance

Details
Property Type Land
Sub Type Residential
Pro-Forma Cap Rate 48.36%
Pro-Forma NOI $2,031,000
Price Per Acre $26,582
Acreage 158.000

Vineyard Community Development Opportunity - Perfect for Age Restricted - Seller Motivated

Marketing description

his 100% ownership interest. The $4,200,000 subject investment is a proposed 158-acre “vineyard community” development of 150 one-acre estate lots nestled within an original 200-acre parcel. The 200 acres would be split into two separate parcels, one at approx. 42-acres that has an operating winery and vineyard established in 2003 known as the Red Caboose Winery & Vineyard. And a second parcel of approximately 158-acres which is the subject of this investment proposal. The adjacent winery and vineyard sits on 42 acres that are also available –contact broker for information. 50% mineral rights will transfer to the new owner with the purchase.

Ideal Age Restricted Development

The existing winery & vineyard operation would compliment the vineyard community by managing and harvesting the community’s grapes that would be grown in small quantity on 70% of the estate lots. The 1-acre lots would set aside approx. 300 SF to 500 SF along a front area of the lot to accommodate a micro-vineyard. Grapes from the small micro-vineyards would be maintained, harvested, and purchased in bulk from the HOA by the winery which would help in keeping HOA costs low. The property is noted for its wonderful wildlife, exceptional views and stunning oak tree canopy.

Investment highlights

•75+% IRR

•Risk Averse @ 20% Down

•80%-Purchase Money Note

•3 to 4-Year Exit

•In-Place Winery

•40 Cultivated Acres

•Adjacent to Award Winning Winery

•Beautiful Countryside

•Seven Grape Varietals (2 Noble)

•100% Location

•Zero Competition

Listing Contacts

DF
TX TX691654
Fisher Advisors
Listed by Fisher Advisors

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Additional Information

Name
DAVID FISHER
License
TX691654
Brokerage
Fisher Advisors LLC
Title
Broker
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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