111 Martinez St - Hospitality FOR SALE
Junction, TX 76849 |
$575,000 USD
713-955-0012
111 Martinez St
Junction, TX 76849
HIGHLIGHTS
- This bank-owned/REO property offers significant upside with the ability to redevelop, renovate, and/or reposition the hotel.
- The asset is priced well below replacement cost, at $12,200 per key.
- The hotel was closed in September 2024, and the property has since remained vacant, presenting a new investor with a clean slate.
- As a non-operating hotel with no current franchise affiliation, an investor would be able to newly brand or operate the hotel independently.
- The property includes four EV charging stations, which historically generated approximately $5,000 (rounded) in annual revenue.
- With a manageable 47-room footprint, the hotel would be ideal for a hands-on owner/operator or a first-time investor seeking lower overhead.
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=154543
HVS Brokerage & Advisory, as the sole and exclusive advisory firm to ownership, is pleased to present the opportunity to acquire the 47-key former Econo Lodge Junction, a bank-owned (REO) hotel asset in Junction, Texas.
FOR SALE DETAILS
PRICE
$575,000 USD
PRICE/SF
$10 USD /SF
# OF ROOMS
47
PRICE/ROOM
$12,234 {currency}
CAP RATE
Request Cap Rate
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Former Econo Lodge Junction
PROPERTY TYPE
Hospitality
TOTAL BUILDING SIZE
-
STORIES
3
ROOM ENTRANCE
Exterior
BUILDING CLASS
C
YEAR BUILT
1990
PARKING SPACES
74
LAND DETAILS
LAND ACRES
5.65 AC
LAND SF
246,114 SF
ZONING
C
APN/PARCEL ID
13721
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713-955-0012
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713-955-0012
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