Research Ave - Commercial LAND FOR SALE


Bellmead, TX 76705 81,022 SF
$1,850,000 USD
713-955-0012
Research Ave, Bellmead, TX for Sale
$1,850,000 USD
Commercial LAND - FOR SALE
1/11
81,022 SF

Research Ave
Bellmead, TX 76705


HIGHLIGHTS

  • It is rare to find a Home2 Suites by Hilton development opportunity, especially in the high-entry-to-barriers Central Texas market.
  • Upon development and approval, an investor can expect a new, long-term, 20-year franchise agreement with Hilton.
  • Aside from the nearby TownePlace Suites, there is a shortage of newer construction, premium-branded, extended-stay hotels in the local submaket.
  • Rapidly Expanding Waco Market - Over the past 4 years, there have been over $3.3 billion in new capital investments across the greater Waco MSA.
  • Excellent I-35 location among strong corporate & leisure demand generators.
  • A developer can construct an extended-stay hotel in a growing Central Texas market, with a potential attractive exit capitalization rate.

OVERVIEW

For more information, please visit the HVS marketing website to electronically execute the confidentiality agreement and get access to the Virtual Deal Room (VDR): https://brokerage.hvs.com/listing/?id=152382 HVS Brokerage & Advisory, as the sole and exclusive advisory firm to ownership, is pleased to present the opportunity to acquire the strategically located 1.86-acre, 81,109-square-foot parcel in Bellmead, Texas. The property is fully entitled for the development of a 100-key Home2 Suites by Hilton. An investor will have the opportunity to realize the substantial value of constructing a highly desirable Home2 Suites by Hilton extended-stay hotel in a growing market, with significant upside in cash-flow and upon exit of the investment.

FOR SALE DETAILS

PRICE

$1,850,000 USD

PRICE/ACRE

$994,619/AC

PRICE/SF

$23 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY NAME

Home2 Suites Waco-Bellmead Dev. Project

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Commercial

LAND PROPOSED USE

Hospitality, Hotel

LAND ACRES

1.86 AC

LAND SF

81,022 SF

OFFSITE IMPROVEMENTS

Sewer, Water, Electricity, Gas, Streets, Curb/Gutter/Sidewalk, Irrigation

ZONING

B2

APN/PARCEL ID

340950

ASK ABOUT THIS PROPERTY

713-955-0012

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

713-955-0012

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