620 W Amarillo Blvd - Hospitality FOR SALE


Amarillo, TX 79107
$499,000 USD
214-789-2490
620 W Amarillo Blvd, Amarillo, TX for Sale
$499,000 USD
Hospitality - FOR SALE
1/2
null | 14% Cap Rate

620 W Amarillo Blvd
Amarillo, TX 79107


OVERVIEW

Presenting an exceptional opportunity to acquire and operate a 20-room motel on Amarillo's main thoroughfare, ideally positioned to capitalize on high traffic counts and the city's improving economy. This property promises significant growth potential with an achievable 25% improvement in vacancy rate. Its prime location on a well-traveled route boosts visibility and accessibility for both local and transient guests, driving demand for convenient and affordable lodging. With ample room for improvement, this motel is poised to see a notable increase in Revenue Per Available Room (RevPAR) by 25% or more through strategic management, modest upgrades, and targeted marketing efforts. The area's steady growth and popularity as a travel hub provide a solid foundation for profitable operations and long-term success. Take advantage of this rare opportunity to enhance a well-located asset in a growing community.

FOR SALE DETAILS

PRICE

$499,000 USD

PRICE/SF

$58 USD /SF

# OF ROOMS

20

PRICE/ROOM

$24,950 {currency}

CAP RATE

14%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Deluxe Inn

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

1

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1957

PARKING SPACES

24

LAND DETAILS

LAND ACRES

0.98 AC

LAND SF

42,689 SF

ZONING

LC

APN/PARCEL ID

R-044-9600-0440-0

ASK ABOUT THIS PROPERTY

Jeffrey TaylorAlliance Real EstateMore Info
214-789-2490

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

Jeffrey TaylorAlliance Real EstateMore Info
214-789-2490

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