The Woldert-Spence Manor $380,000

A great B&B at a great price! The Woldert-Spence Manor is a profitable East Texas B&B which enjoys strong tourist traffic on the weekends as well as a solid business traveler base during the week. The Woldert-Spence Manor is Tyler's oldest B&B, and the closest lodging facility to historic downtown Tyler.

A Tyler Historic Landmark, the Manor is a Queen Anne Victorian home which has been fully restored, remodeled, and tastefully decorated with period pieces. The downstairs rooms have been recently redecorated to give them a more modern feel while maintaining the historic charm of the B&B. The Woldert-Spence Manor has been in continuous operation since 1993, with continued business growth. We enjoy strong repeat and referral business.

The house is set back on a large corner lot surrounded by brick streets and many mature shade trees. The back yard includes a natural garden area along with a gazebo, wishing well, and large back deck. The main house has original oak and heart-of-pine wood floors, wood moulding, and gorgeous stained-glass windows. The stained glass is original to the house and is one of this B&B’s unique and memorable features.

All 8 rooms have private baths, some featuring claw-foot tubs. Additional features in some rooms include king or queen-size beds, fireplaces, private balconies or porches. Two of the rooms are private carriage houses for that home-away-from-home feeling.

We are just minutes from many attractions including Tyler's Rose Garden, fine dining, antique stores, Tyler State Park, and more. We are a popular choice for guests who come to visit Tyler’s famous Azalea Trails and Spring Flower Festival in the spring and the Rose Festival in the fall.

The property consists of two parcels totaling 0.55 acres. There is a total of 5,100 square feet of living space in three structures: the main house (3,700 square feet, built in 1884) and two carriage houses (each about 700 square feet, built in the 1930s). There is also an additional 1,400 square feet of storage space (which could be converted to guest rooms with some investment).

Turnkey sale includes property, furnishings, future bookings, and all business property. Partial owner financing considered.

Several options for separate owner's quarters (please visit our link below for more information on owner’s quarters possibilities).

Details

  • Potential B&B
  • Built in 1884
  • 20 years as B&B
  • Last renovation in 1993
  • 8 Guest Rooms
  • 8 Guest Bathrooms
  • Lot size: 0.55 acres
  • 8 Parking Spots
  • Has owner's quarters
  • $380,000
  • 33% annual. occ. rate
  • $105,000 gross revenue
  • $105,000 room revenue

Listing Agent

Blair Swaim
909 ESE Loop 323, Suite 650
Tyler, TX 75701

Phone: 903.534.1200
Cell: 903.245.0238
email: bswaim@burns-commercial.com
--> Want more information? CLICK HERE for our detailed 'FOR SALE' web page <--

Location

611 West Woldert Street Corner of Woldert & Vine Streets Tyler, TX 75702

Photos (click to enlarge)

Welcome to the Woldert-Spence Manor Bed and Breakfast, Tyler's oldest B&B.
The Alma Mary and Robert Spence room has recently been redecorated to make it a romantic retreat.  The original stained glass bay window makes a beautiful backdrop. The Manor boasts 17 original stained glass windows, doors, and transoms. This beautiful bay window is in the Alma Mary room.
From the Alma Mary room, enjoy the private porch overlooking a huge southern magnolia tree and red brick streets. The perfect spot to relax and enjoy a cup of coffee!
Enjoy the spacious king-sized bed in the lovely Elizabeth Spence Room!
The William Woldert room is also recently redecorated.  It features a gas fireplace and a view of the rear gardens. Enjoy a delicious country breakfast in the dining room and enjoy conversation with your fellow guests and hosts.
The Mockingbird Cottage is located behind the main house, and features 725 square feet with all the comforts of home. The Cottage has been newly redone for your comfort and enjoyment..stay a night or a month! The balcony off of the Robert Spence Jr. room overlooks Tyler's historic red brick streets and a Bradford pear tree.
The Richard McLeroy room features a lovely spindle bed and its private bath includes a claw foot tub. The Robert Spence Jr. room features a queen sized bed and a private balcony.
The Sunroom is decorated in cheerful yellow tones with white lace accents and overlooks the front balcony. The Mockingbird Cottage is located behind the main house, and features 725 square feet with all the comforts of home. Relax in the living room or prepare a snack in the kitchen. Great for extended stay!
The Rockway Carriage House is located behind the main house, and features 700 square feet with all the comforts of home. Relax in the living room or prepare a snack in the kitchen. Great for extended stay!

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