Vernon, TX 76384 - Wilbarger County

Terrain: The Country Club/Executive Inn Annex is a unique 27-acre property located right off US HWY 287 less than 600 feet from Walmart. Originally, the Hillcrest Country Club purchased the property to expand its current 9-hole golf course. The Club wanted to raise funds for a remodel a few years ago and sold it to a few of the members. Those members sold below the cliff to the current owner who combined it with the top of the cliff, Executive Inn acreage and Restaurant building. The restaurant building is solid but needs extensive work. The building has a two-bedroom apartment with kitchen and bath attached to the restaurant and bar behind the old hotel lobby. A pool and playground sit right behind the building. The pool has not been used in several years except for a few migrating ducks. Despite COVID-19 the current owner just secured a 30-year (20 initial years with 10-year extension) billboard lease paying $2000/year with a 10% increase every 5 years. Another site on the property was submitted for a billboard with the State but since there is not a current business on the site it was rejected. If a buyer were to open a business the other location could be resubmitted for consideration. Located at the bottom of the hill lies big hardwoods that circle the property. Pecans, cottonwoods, and willows provide shade and perfect habit for white tail deer and pigs. The City of Vernon owns the heavily timbered property to the East. Small un-hunted urban tracts like this have potential to grow and hold big bucks. The big trees make a perfect combination for a bow setup. The Country Club just across Hwy 287 would love for a hunter to thin the herd. The buyer could also farm the acres with coastal like the neighbor to the North and make plenty of hay.

Improvements: Restaurant with bar, Hotel lobby and owner operator apartment, small horse stable with water well at bottom of cliff. Harrison Street and US Hwy 287 Frontage Access.

Wildlife: Whitetail Deer, Wild Hog, Dove, Varmints

Price: $259,000

Contact: Listing Agent- Andrew Pennington (940) 838-8112