1041 Westpoint Ave - Hospitality FOR SALE


Colorado City, TX 79512
$268,100 USD
325-728-5742
1041 Westpoint Ave, Colorado City, TX for Sale
$268,100 USD
Hospitality - FOR SALE
1/37
null | Request Cap Rate

1041 Westpoint Ave
Colorado City, TX 79512


HIGHLIGHTS

  • Relax Inn is an independent motel serving the tourism of Colorado City, TX.
  • The motel's prominent pylon signage is highly visible with the site's frontage along Highway 20/ Westpoint Avenue.
  • Recent updates have taken place such as new water heaters, replaced gas lines, and updates paint jobs.
  • There is plentiful parking on-site and patrons can rest assured with a security system in place.

OVERVIEW

1041 Westpoint Avenue presents the investment opportunity to acquire the open and running Relax Inn Motel. Only 9.1 miles from Lake Colorado City State Park, the property is ideally located to cater to Colorado City's thriving demand and tourism. The property has 16 rooms, consisting of nine double beds, seven single beds, and one living quarters. All rooms have new wood floors. The living quarters area has three rooms, a kitchen, a laundry room, two bathrooms, and a living room with an attached office (common area). The living quarters are over 1,000 square feet with beautiful tile floors. The property was renovated in 2020. All double and single bedrooms feature tile showers, accent furniture, minifridges, microwaves, and flat-screen TVs. Additionally, there is another building on the property for extra storage. There are updated water heaters, replaced gas lines, and updated paint! Patrons also benefit from covered parking and a safe security system. The asset is priced to sell by a motivated seller. Inquire today for more information and to schedule an on-site tour.

FOR SALE DETAILS

PRICE

$268,100 USD

PRICE/SF

$24 USD /SF

# OF ROOMS

16

PRICE/ROOM

$16,756 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Relax Inn

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

1

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1973

PARKING SPACES

16

LAND DETAILS

LAND ACRES

0.69 AC

LAND SF

30,056 SF

ZONING

C

APN/PARCEL ID

19284

ASK ABOUT THIS PROPERTY

Ruben GandenRelax InnMore Info
325-728-5742

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Ruben GandenRelax InnMore Info
325-728-5742

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