Fayetteville TX Commercial for Sale
$1,570,000
201 W Fayette St Fayetteville, TX 78940
- Type:
- Other
- Sq.Ft.:
- 8,223
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.22 Acres
- Year built:
- 2003
- Baths:
- MLS#:
- 5095270
View additional info
Courtesy: Martha Turner Sotheby's International Realty
713-520-1981
ADDITIONAL INFORMATION
Exclusive opportunity to purchase the Grand Fayette Hotel overlooking the charming historic square of Fayetteville. The iconic building, built in 1900, became a boutique hotel in 2003 and was updated in 2017 to have 10 beautifully decorated ensuite rooms, 8 rooms upstairs and 2 at garden level. All furnishings and hotel linens are included (some exclusions apply.) On a corner 9027 sf lot, an enclosed patio garden joins the main hotel (7407 sf) with the garden cottage(816 sf). The Grand Fayette has a popular Wine Bar Restaurant run by Chefs George and Kathy Valtasaros bringing in patrons from Houston, Austin and surrounding areas. The large dining area is also the perfect venue for weddings, rehearsal dinners, birthday and anniversary parties and many other events. Enter through antique double doors to the comfortable lobby with guest lounge area and 2 half baths. A small, enclosed area off of the lobby is currently being used for a high-end retail store. The Wine Bar Restaurant is directly off the lobby and opens to the large dining area. Upstairs in the hotel are 8 well-appointed guest rooms with private baths depicting the charm and grace of Fayetteville and the countryside. Upstairs has a guest lounge area and coffee bar with a screen door leading out to the front balcony. The garden cottage has 2 first floor private suites. A backstairs balcony, garden and patio with fountain provides multiple outdoor spaces for guests. Centrally located 85 miles from Houston, 80 miles from Austin and 14 miles from Round Top. Fayetteville is active with restaurants, shops, art galleries, art/music festivals and is building a multi-purpose performance center a block away, drawing more and more people to this delightful town.
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Fayetteville Real Estate
The median home value in Fayetteville, TX is $513,000. This is higher than the county median home value of $396,800. The national median home value is $338,100. The average price of homes sold in Fayetteville, TX is $513,000. Approximately 48.35% of Fayetteville homes are owned, compared to 7.03% rented, while 44.63% are vacant. Fayetteville real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Fayetteville real estate agent to arrange a tour today!
Fayetteville, Texas 78940 has a population of 312. Fayetteville 78940 is less family-centric than the surrounding county with 18.2% of the households containing married families with children. The county average for households married with children is 26.83%.
The median household income in Fayetteville, Texas 78940 is $54,231. The median household income for the surrounding county is $66,624 compared to the national median of $69,021. The median age of people living in Fayetteville 78940 is 57 years.
Fayetteville Weather
The average high temperature in July is 94.7 degrees, with an average low temperature in January of 39.7 degrees. The average rainfall is approximately 41.1 inches per year, with 0 inches of snow per year.