2101 Hutchins Ave - Hospitality FOR SALE


Ballinger, TX 76821
$635,000 USD
602-363-9589
2101 Hutchins Ave, Ballinger, TX for Sale
$635,000 USD
Hospitality - FOR SALE
1/8
null | Request Cap Rate

2101 Hutchins Ave
Ballinger, TX 76821


HIGHLIGHTS

  • 23 units, single story independent hotel
  • Priced under $28,000/key
  • Manager living quarters
  • Perfect opportunity for first time buyer
  • Motivated seller - serious buyers are encouraged to bring all offers in writing

OVERVIEW

The Ballinger Inn, nestled in the quaint town of Ballinger, TX, presents a compelling investment opportunity in the hospitality industry. This independent, economy-class hotel has been in operation since 1945 and features 23 rooms spread over a single-story layout with a gross building area of 7,521 square feet. Constructed with reinforced concrete, the property encompasses 3.44 acres, ensuring ample space with a building-to-land ratio of 0.05. Each room offers high-speed internet access, and the hotel itself is smoke-free with public access Wi-Fi available. The property's parking area accommodates 25 surface spaces, providing a parking ratio of 1.09 per room. Located in a small town with rich cultural and historical significance, Ballinger Inn stands as a promising asset for investors looking to capitalize on the charm and steady growth of Ballinger, TX. Ballinger, TX, known as the heart of West Texas, is a charming small town that serves as the county seat of Runnels County. Rich in history and community spirit, Ballinger offers a picturesque setting with the scenic Colorado River running through it, providing ample opportunities for outdoor recreation and nature enjoyment. The town boasts a vibrant main street lined with shops, restaurants, and historic buildings, reflecting its strong heritage and tight-knit community. Ballinger's strategic location, coupled with its annual events and local attractions, makes it an appealing destination for both residents and visitors seeking a peaceful yet engaging lifestyle.

FOR SALE DETAILS

PRICE

$635,000 USD

PRICE/SF

$84 USD /SF

# OF ROOMS

23

PRICE/ROOM

$27,609 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Ballinger Inn

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

1

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1945

PARKING SPACES

25

LAND DETAILS

LAND ACRES

3.44 AC

LAND SF

149,846 SF

ZONING

-

APN/PARCEL ID

R000009759

ASK ABOUT THIS PROPERTY

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602-363-9589

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602-363-9589

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