Active

312 W Live Oak

Malone, Texas 76660

$679,000 $2,862/Mo

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Overview

Bed

Bath

0.28

Acre(Lot)

Description

Welcome To Malone Motor Lodge. This road side motel off of State Highway 171 is a solid income property, currently at 100% occupancy with a waiting list. The location benefits from steady demand tied to nearby solar and wind farm projects, providing reliable cash flow. The property also allows room for future income growth through rent adjustments, short-term rental use, or targeted improvements. With a flexible layout and available space, there’s potential to redesign and add additional rooms to increase revenue. This is a rare opportunity to own a well-performing hospitality property with room to grow in Central Texas.

Property Details

Property Type : Residential Income

Price : $679,000

AD Id : 75638458

MLS Id : 552632203

Lot Size : 0.28 Acre

Year Built : 1971

County : Hill

Subdivision: Phillips Creek Ranch Riverton

Map

What's Nearby

Nearby Areas

Features

Bathroom Information

Total Baths: 0
Interior Features

Built-in Features

Appliances

Other,None

Utilities

All Weather Road,Asphalt,City Sewer,City Water
Cooling Features

Electric,Wall/Window Unit(s)

Heating Source

Electric,Wall Furnace

Building Information

Built Year: 1971 Building Area Total: 6,802 Construction: Wood Roof Type: Metal
Foundation

Slab
Construction Materials

Wood

Lot Information

Lot Size (Acr): 0.2800 Lot Size Units: Acres Lot Size Square Feet: 12,197 Lot Size Source: Public Records Lot Features: Cleared,Level
Property Information

Property Type: Residential Income Property Sub Type: Multiple Single Units Subdivision: T B V R R City: Malone State: Texas Directions: 31.917951, -96.897762 From Hillsboro take 171 to Malone property will be on the left. Property Status: Active Exclusions: Tenant owned personal property Levels: One Property Age: 55 Year Built Details: Preowned

Listing Price Information

Original List Price: $679,000
Listing Information

Possession: 60-90 Days

Tax Information

Parcel Number: 121783 Tax Block: 7 Tax Legal Description: T B V R R BLK 7 LT 1A Tax Lot: 1A Unexempt Taxes: $4,525

Parking Information

Parking: 20 Parking Features: Direct Access,On Site,Oversized,Parking Lot
Homeowners Association Information

HOA Type: None

School Information

Elementary School: Malone Middle School: Malone High School: Penelope School District: Malone ISD
Utility Information

Utilities: All Weather Road,Asphalt,City Sewer,City Water

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Nearby Home Value

Address	Estimate	Bed	Bath	Sq. Ft	Lot Size
112 W Hackberry Street, Malone, TX, 76660	$205,000	4	2	2,654	2,654 SqFt
207 S Pecan Street, Malone, TX, 76660	$99,000	2	1	768	768 SqFt
307 W Mesquite, Malone, TX, 76660	$149,000	3	2	1,583	1,583 SqFt
202 N Sycamore, Malone, TX, 76660	$156,000	3	1	1,176	1,176 SqFt

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0.28

Acre(Lot)

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ByOwner last updated this listing 06/05/2026 @ 01:47

MLS: 552632203 LISTED BY: Lacey Whitehouse, Julie Siddons REALTORS, LLC 214-603-9461 SOURCE: NTREIS - North Texas Real Estate Information