218 S Market Street Flatonia, TX
$ 795,000
Property Attributes
  • MLS#4916840
  • TypeCommercial
  • CountyFAYETTE
  • CityFlatonia
  • AreaFC
  • NeighborhoodCity Of Flatonia 400
  • Zip78941
  • StyleHotelMotel
  • Year Built1900
  • Taxes$ 8470
  • Price$ 795,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage5936
  • Lot Size11,326 SqFt
Listing Provided Courtesy Of:
Holub Real Estate, LLC
Data Source:
Austin Board of REALTORS® (ABOR) - 105 - TX
Property Description

Enjoy the grandeur of the historic Olle Hotel. This gem offers 12 bedrooms with 13 private bathrooms. Beautifully furnished turn-key operation with all the amenities one would expect with first class lodging. Located in the backyard is a 590 SF 1 BR, 1 BH cozy furnished cottage. The cottage could be used to house the owners and there is ample room to enlarge the cottage if desired. Included with sale is a separate laundry building with two commercial washers and commercial dryers, along with three regular washers/ dryers. In walking distance are fantastic restaurants, wine bars and a tavern. The Olle is located close to the famous painted churches, wineries, the Shiner Brewery, along with many local festivals and events within a thirty-mile radius. The Olle is centrally located between Houston and San Antonio, a mile from I-10, in a registered National Historic District. PLEASE NOTE THE NUMBER OF BEDROOMS AND BATHS INCLUDE THE HOTEL AND COTTAGE. THE HOTEL HAS 12 BEDROOMS AND 13 BATHS, THE COTTAGE HAS 1 BATH. The owner has a long term lease with the cottage adjacent to the north of the OLLE and sub leases this property. The hotel has been featured in several travel magazines and travel books, including four times in Texas Highways magazine. The Olle has earned stellar ratings, as can be viewed on such sites as Trip Advisor. Check out the Olle Web page at *** Property is fully furnished and equipped and ready to operate under new ownership. *** Interactive map located in the bottom area of this listing. *** Owner subleases the cottage to the north . Ask listing agent for more information. *** Ask to see inventory list of items to convey with accepted offer

Price History
10/7/2020 Listed $696,000

General Features

Accessibility SeeRemarks
Building Features SeeRemarks
Business Type HotelMotel
Current Use HotelMotel
Energy Efficient SeeRemarks
Flooring Wood
Heating Central, SeeRemarks
New Construction No
Property SubType HotelMotel
Property Type CommercialSale
Restrictions SeeRemarks
Sewer PublicSewer
Special Listing Conditions SeeRemarks
Terms Cash, Conventional

Interior Features

Air Conditioning Y/N Yes

Exterior Features

Building Area Total 5936.0
Horse Y/N No
Lot Size Acres 0.26
Lot Size Area 0.26
Lot Size Source Appraiser
Number of Buildings 2
Parking Features SeeRemarks
Water Source Public
Waterfront Y/N No


  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Commercial Average in 78941

AVG $620K
AVG $5,202
AVG 54
Year Built
AVG 1900
AVG 39
Data Provided by Walkscore ® not using MLS data

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