602-648-2700
6030 W Interstate 40, Amarillo, TX for Sale
Hospitality - FOR SALE
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6030 W Interstate 40
Amarillo, TX 79106


HIGHLIGHTS

  • Proven Track Record in the Hospitality/economy Sector
  • Big City Feels Without the Traffic / Located in a Medical District and Off the Historic Route 66
  • Equal Distance From Albuquerque, Oklahoma City, Dallas, and Denver Making It a Great Stopping Point for Those Travelling to Larger Cities
  • Renovation Completed in 2023 / 3.5X GRM
  • Multiple Corporate Conventions and Schools Sporting Tournaments
  • Manager's/Owners Apartment located on site.

OVERVIEW

Introducing a Prime Investment Opportunity at 6030 I-40 West, Amarillo, Tx, 79106. This Exceptional Property Boasts a 27,525 Sf Building With 92 Units, Ideally Suited for a Hospitality/economy Investor. Built in 1980 and Extensively Renovated in 2023, This Well-maintained Asset Offers a Modern and Attractive Space for Guests. Zoned Hc, It Provides Flexible Usage Options and Potential for Strong Returns. Located in the Prominent Amarillo Area, This Property Presents an Exceptional Opportunity for Investors Looking to Capitalize on the Thriving Hospitality Industry. Historical average of $800k, priced at 3.5X. The area surrounding Relax Inn in Amarillo, TX, is an ideal location for prospective investors in the hospitality and economy sectors. Amarillo's unique blend of warm hospitality and thriving economy creates an attractive environment for business and leisure travelers alike. Nearby attractions such as the iconic Route 66, the renowned Cadillac Ranch, and the breathtaking Palo Duro Canyon State Park offer guests memorable experiences. Additionally, the proximity to the vibrant medical district provides added appeal, making the area a strategic choice for hospitality and economy investors seeking a dynamic market with diverse opportunities.

FOR SALE DETAILS

PRICE

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# OF ROOMS

100

CAP RATE

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SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Relax Inn

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

3

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1980

PARKING SPACES

86

LAND DETAILS

LAND ACRES

1.53 AC

LAND SF

66,647 SF

ZONING

HC

APN/PARCEL ID

R-001-1800-9203-0

ASK ABOUT THIS PROPERTY

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602-648-2700

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Devo RaghaNewGen AdvisoryMore Info
602-648-2700

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