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$985,000
0.36± Acres
Active
Erath County, TX
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1092 Tarleton, Stephenville, Texas

MLS ID: 20935585
Status: Active
Price: $985,000
Acres: 0.36±
Type: Business, Commercial
Address: 1092 Tarleton
City, State: Stephenville, TX
County: Erath County
ZIP Code: 76401
Lat/Long: 32.21737, -98.212872
Parcel Number: R000032857
Year Built: 1895

Description

PRICE REDUCTION The Gallery House Boutique Hotel, opened for business in September 2020 and has been well received! This Craftsman Home, originally built in 1895, took two years to restore and convert into a Hotel. A turn-key business. Located half block from Tarleton State University and on a corner lot 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 and well made matresses and lines. 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 Boutique Hotel has excellent review scores, repeat guest, local business, corporate travel, sub-contractors and transient weekend buisness. The Gallery House Boutique Hotel has an establised website which captures majority of reservation bookings. Walking distance to Tarleton State University, Historic Downtown, and Hospital district. Property is an asset gain as Tarleton State University grows expenditually in all directions.

Directions: 1092 W Tarleton Street, behind Wendy's restaurant, North of Washington Street. The Gallery House Boutique Hotel is located on the corner of Tarleton and Ollie Streets. Half block from Tarleton State University's east campus.

Additional Information

Interior

Building Area Total: 2,400
Cooling (Yes/no): Yes
Cooling: Ceiling Fans, Electric, Other, Zoned
Flooring: Hardwood
Heating (Yes/no): Yes
Heating: Electric, Natural Gas, Other, Zoned

Exterior

Foundation Details: Block, Pillar Post Pier, Stone
Inclusions: Business, Furniture, Inventory, Land & Improvements
Lot Features: Back Yard, Corner Lot, Hardwood Trees, Irregular Lot, Lawn, Landscaped, Native Plants, Many Trees
Lot Size Area: 0
Lot Size Dimensions: 15, 769
Lot Size Source: Assessor
Lot Size Square Feet: 15,769
Open Parking: Yes
Parking Features: Additional Parking, Asphalt, Common, Drive Through, No Garage, On Site, Open, Off Street, Outside, Paved, Parking Lot, Private, Unassigned
Road Frontage Type: City Street
Road Surface Type: Asphalt
Roof: Composition
Water Source: Public

Financial/HOA/Schools

Subdivision Name: Park Place Add
Tax Annual Amount: 5311
Zoning Description: R-# Residential and multi-housing Buyer to verify

Extra Information

Disclosures: Owner Is Listing Agent
Documents Available: Survey
Virtual Tour: https://www.propertypanorama.com/instaview/ntreis/20935585

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Matt Milligan

Matt Milligan

Weatherford, Texas

(817) 694-1121

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All information should be independently reviewed and verified for accuracy. IDX information is provided exclusively for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information current as of May 26, 2026 at 12:00:00 AM UTC.

You may not reproduce or redistribute this data, it is for viewing purposes only. This data is deemed reliable, but is not guaranteed accurate by the MLS or NTREIS. This data was last updated on: May 26, 2026 at 12:00:00 AM UTC

Listed By: Kimberly Fornes of Keller Williams Brazos West