6107 Justice Ave - Hospitality FOR SALE


Lubbock, TX 79424
$16,500,000 USD
562-900-5118
6107 Justice Ave, Lubbock, TX for Sale
$16,500,000 USD
Hospitality - FOR SALE
1/12
null | Request Cap Rate

6107 Justice Ave
Lubbock, TX 79424


HIGHLIGHTS

  • The property has a very modern aesthetic.
  • This hotel boasts ample parking with 123 spaces.

OVERVIEW

Holiday Inn Lubbock Texas presents a lucrative investment opportunity at 6107 Justice Ave, Lubbock, TX 79424. Built-in 2019, this modern hotel spans 118,248 SF on 4.78 acres of land, offering 107 well-appointed rooms. The property boasts ample parking with 123 spaces, ensuring convenience for guests. Strategically located, Holiday Inn Lubbock Texas benefits from a strong demographic profile with estimated 2023 population figures of 6,276, 84,324, and 182,656 within 1, 3, and 5 miles, respectively. The area features a flourishing economy, depicted by median household incomes ranging from $71,174 to $76,161. Don't miss the chance to capitalize on this turnkey hospitality investment. Explore the potential of Holiday Inn Lubbock Texas today for $16,500,000, translating to a competitive price per key of $164,485. Contact us for further details and secure your stake in the thriving Lubbock market.

FOR SALE DETAILS

PRICE

$16,500,000 USD

PRICE/SF

$140 USD /SF

# OF ROOMS

107

PRICE/ROOM

$154,206 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Holiday Inn Lubbock South

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

4

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

2019

PARKING SPACES

123

LAND DETAILS

LAND ACRES

4.78 AC

LAND SF

208,217 SF

ZONING

Commercial

APN/PARCEL ID

R113085

ASK ABOUT THIS PROPERTY

Silvestre Madrigal JrC21 AllStars, Commercial & Investment GroupMore Info
562-900-5118

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Silvestre Madrigal JrC21 AllStars, Commercial & Investment GroupMore Info
562-900-5118

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