205 E Broadway St - Hospitality FOR SALE


Fritch, TX 79036
$399,000 USD
214-789-2490
205 E Broadway St, Fritch, TX for Sale
$399,000 USD
Hospitality - FOR SALE
1/27
null | 22% Cap Rate

205 E Broadway St
Fritch, TX 79036


OVERVIEW

Seize this incredible investment opportunity with the Silver Spur Motel, strategically located on the bustling Amarillo Blvd. Boasting exceptional visibility and access, this property benefits from heavy daily traffic counts, making it a prime spot for travelers, business visitors, and long-term tenants. Property Highlights: High Visibility: Located directly on Amarillo Blvd with constant exposure to local and through-traffic. On-Site Maintenance: The property currently features on-site maintenance personnel, ensuring prompt service and upkeep, with the potential to enhance operational efficiency. Ample Upside Potential: Current vacancy rate offers room for improvement by over 25%, unlocking significant revenue growth opportunities. Flexible Revenue Streams: Opportunity to increase daily and weekly rates, capturing additional income and maximizing ROI. Versatile Appeal: Cater to a range of guests, from short-term travelers to long-term residents, with competitive pricing and room upgrades. Potential Enhancements: Revamp Marketing Strategy: Increase visibility online and through local partnerships to attract more bookings. Property Updates: Enhance amenities to command higher rates and build customer loyalty. Operational Improvements: Streamline management for better efficiency and profitability. Whether you're an experienced hotelier or a savvy investor, the Silver Spur Motel is a turnkey property with untapped potential in a prime, high-traffic location. On-site maintenance ensures seamless operations while offering flexibility for future improvements. ?? Inquire Today!

FOR SALE DETAILS

PRICE

$399,000 USD

PRICE/SF

$29 USD /SF

# OF ROOMS

19

PRICE/ROOM

$21,000 {currency}

CAP RATE

22%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Lone Star Inn

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1965

PARKING SPACES

25

LAND DETAILS

LAND ACRES

0.86 AC

LAND SF

37,366 SF

ZONING

Commercial

APN/PARCEL ID

11880

ASK ABOUT THIS PROPERTY

Jeffrey TaylorAlliance Real EstateMore Info
214-789-2490

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Jeffrey TaylorAlliance Real EstateMore Info
214-789-2490

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