101 Main St - Hospitality FOR SALE


Texarkana, TX 75501
$1,000,000 USD
254-773-4901
101 Main St, Texarkana, TX for Sale
$1,000,000 USD
Hospitality - FOR SALE
1/3
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101 Main St
Texarkana, TX 75501


OVERVIEW

This former hotel is listed on the National Register of Historic Places.This Property’s renovation is eligible for a total of 45% Investment Tax Credits counted on 80% of its Qualified Renovation Expenditures, with 20% ITCs on federal income tax and 25% ITCs on State of Texas corporate franchise taxes.It can be renovated for hotel/apartments/mini-storage/hightech server farm. It can be sold with additional historic properties nearby, contact broker for further information. Broad range of commercial uses. Also available is conservation easement tax deduction. Can be expanded in North Wing for another 2 stories equalling an additional 20,000SF, resulting in a grand total of 75,000SF.

FOR SALE DETAILS

PRICE

$1,000,000 USD

PRICE/SF

$13 USD /SF

# OF ROOMS

125

PRICE/ROOM

$8,000 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

10

ROOM ENTRANCE

Interior

BUILDING CLASS

F

YEAR BUILT

1929

PARKING SPACES

36

LAND DETAILS

LAND ACRES

0.29 AC

LAND SF

12,632 SF

ZONING

C

APN/PARCEL ID

8018

ASK ABOUT THIS PROPERTY

Lloyd ThomasNAI Aldrich-Thomas GroupMore Info
254-773-4901

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Lloyd ThomasNAI Aldrich-Thomas GroupMore Info
254-773-4901

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.