This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
1/13
$3,995,000 Just Listed
This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
1/13
Property Description
Exceptional commercial and investment opportunity just minutes from Possum Kingdom Lake. Situated on 6.586 acres with prime Highway 180 frontage, this unique property offers unmatched visibility, strong traffic counts, and endless potential for future development or continued income production. The property consists of two parcels and currently features 16 rental cabins being utilized as long-term rentals. Of the 16 cabins, 13 offer 2 bedrooms and 1 bath, 2 offer 3 bedrooms and 2 baths, and 1 offers 1 bedroom and 1 bath - creating a diverse rental mix with established income potential. In addition to the residential component, the property also includes an impressive 5,500 square foot commercial building formerly operated as an arcade and race track facility. With its strategic location, highway exposure, and ample acreage, the commercial possibilities are truly endless - ideal for entertainment, retail, restaurant, event venue, storage, redevelopment, or expanded hospitality use. Rarely does an opportunity with this level of versatility, acreage, income potential, and premier location near Possum Kingdom Lake come available. Whether you are an investor, developer, or entrepreneur, this property is positioned for exceptional future upside.
Full Property Details
Full Property Details for 13285 N State Hwy 16
General
- Price: $3,995,000
- Taxes: $17,202
- Status: Active
- Type: Business
- Source: NTREIS
- MLS ID: 21267074
- Updated: 5/14/2026
- Added to Site: 1 day(s) ago
Business
- Business Type: Other
Interior
- Flooring: Vinyl
Parking
- Parking Features: Additional Parking
Location
- County: Palo Pinto
- Subdivision: The Cottages
- Driving Directions: GPS will bring you to the location
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Central Air, Electric
- Heating Type: Central, Electric
Utilities
- Sewer: Aerobic Septic
- Water: Public
- Utility Description: Overhead Utilities, Septic Available, Water Available
Structural Information
- Detached/Attached: Detached
- Construction: Rock, Stone
- Roof: Composition, Metal
- Stories/Levels: 2
- Square Feet: 17,484
- Sq. Ft. Source: Assessor
- Year Built: 2008
Lot Features
- Lot Size (Acres): 6.59
- Lot Size (Sq. Ft.): 287,060.4
- Lot Size Source: Other
- Potential Use: Other, Retail
- Zoning: Commerical
Water Features
- Water Front Name: Possum Kingdom
Financial Considerations
- Tax Amount: $17,202
- Tenant Pays: Association Fees, Electricity, Trash Collection
Disclosures and Reports
- Legal Description: ACRES: 5.816 AB 1103 TR 5 T R GIMENES G#11103
- Inclusions: Land & Improvements
- Property ID: 7446
Listed by Century 21 Mike Bowman, Inc., Michael Avidon
Get Pre-Approved Today
Schools
Schools serving 13285 N State Hwy 16
School District:Graford Independent School District
| Name | Grades | Distance |
|---|---|---|
Graford High School 400 West Division Street, Graford, TX 76449 | PK-12 | 8.7 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 13285 N State Hwy 16
Date
Details
Price
Change
Source
5/13/2026
Listed
$3,995,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 13285 N State Hwy 16
13285 N State Highway 16, Graford, TX 76449 (MLS# 21267074) is a Business property. 13285 N State Highway 16 is currently listed for $3,995,000 and was received on May 13, 2026. Want to learn more about 13285 N State Highway 16? Do you have questions about finding other Business real estate for sale in Graford? You can browse all Graford real estate or contact a Coldwell Banker agent to request more information.

