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Harrison Lilly

| Harrison Lilly Realty Dallas | Harrison Lilly Realty | PLACE

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1092 W Tarleton St , Stephenville, TX 76401
$785,000
Est. Payment: $4,041.52/mo
0 Bed
0 Bath
2400 Sqft
Status: active | Days on site: 439
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VCR-C15903466 - VCR-C159091383,VCR-C159052275
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House Description

Investors welcome! This beautiful hotel, located on a corner LOT, only half block from Tarleton State University is an asset gain in itslef and with a TURN KEY Boutique Hotel, featuring four rentable short term suites. The Gallery House Boutique Hotel, opened for business in September, 2020 and has been well received for six years running! This Craftsman Home, built in 1895, took two years to restore and convert into a Hotel. Located half block from TSU and with room to expand. Featuring four private rentable rooms, elegantly designed and all with modern conveniences. Zoned Mini splits in every room, smart T.V., microwave, mini fridge, custom showers, hardwood floors throughout. Hotel features 10 foot ceilings with re-claimed vintage stamped tin in all three downstairs KING rooms, each with a different design. Five original fireplaces, Commercial gas tankless water heater, externally mounted, along with professional water softner system which protect fixtures, shower doors and appliances. Grounds include, a detached office studio with private bath and zoned heating and air, custom rock patios, sidewalks, courtyards and native landscaping. An asphalt parking lot with an ADA concrete slap provides safe parking off the street, with a designated Entrance and Exit. An ADA cement ramp with railing, plus steps from parking lot lead guest to our beautiful wrap around porch to access Hotel. Property has room to build Phase II if desired, which would include the addition of three rental units on one foundation. Sewer tap in place and parking lot built with 14 spaces to accomodate future expansion. The Gallery House has excellent reviews, repeat guest, local business, corporate travel, sub-contractors and transient weekend buisness. The Gallery House has an establised website capturing majority of reservations. Walking distance to TSU, Historic Downtown, and Hospital district. Property is an asset gain as Tarleton State University grows expenditually in all directions.

Highlights

Listed by Kimberly Fornes , Keller Williams Brazos West , North Texas Real Estate Information Systems

Property Type

Commercial Sale

Lot/Acreage
0.36

Year Built

1895

County

Erath

Neighborhood

Park Place Add

Listing ID

20935585

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:0
  • Bathrooms:0
  • Full Bathrooms:
Air Cond:Ceiling Fan(s),Electric,Zoned
Fireplaces:
Floor:Hardwood

Exterior Features

Lot:Corner Lot,Irregular Lot,Landscaped,Lrg. Backyard Grass,Many Trees,Oak,Less Than .5 Acre (not Zero)
Lot Dimensions:15,769
Zoning:R-# Residential and multi-housing Buyer to verify
Roof:Composition
Others:
  • Additional:Preowned
Parking Features:Additional Parking,Asphalt,Common,Drive Through,No Garage,Off Street,On Site,Open,Outside,Parking Lot,Paved,Private,Unassigned
Principal Interest
$4,042
Taxes
$443

Home Price

$785,000

Loan Details

30 yrs
6.674%

Down Payment

20%
$157,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$4,041.52

Principal

Taxes

Principal Taxes HOA Total
Monthly $4,041.52 $442.58 $0.00 $4,484.10
Yearly $48,498.25 $5,311.00 $0.00 $53,809.25
Total $1,454,947.53 $159,330.00 $0.00 $1,614,277.53

Today's Rates

30 Year

6.67%

20 Year

6.37%

15 Year

5.93%

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Market insight data is pulled from the same city as the listing being viewed (Stephenville, TX).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Information provided by North Texas Real Estate Information Systems Multiple Listing Service, and is deemed reliable but not guaranteed accurate.

IDX service by Blueroof 360

Data last updated: 2026-08-24T21:21:41.390Z

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