1201 E Texas Ave - Hospitality FOR SALE


Mart, TX 76664
$290,000 USD
254-855-7534
1201 E Texas Ave, Mart, TX for Sale
$290,000 USD
Hospitality - FOR SALE
1/5
null | Request Cap Rate

1201 E Texas Ave
Mart, TX 76664


HIGHLIGHTS

  • Existing hotel property with seven guest rooms and seven bathrooms.
  • Highway accessibility supports regional travel and visitor convenience.
  • Single-story building configuration allows for straightforward operational management.
  • Brick exterior construction and existing asphalt parking are already in place.
  • Utility services are available through municipal water and sewer providers.
  • Value-add opportunity for investors seeking to reposition or improve an existing hospitality asset.

OVERVIEW

Located along East Texas Avenue in Mart, Texas, this hospitality property offers an opportunity to acquire an existing lodging asset with value-add potential in a community positioned along key regional transportation routes serving Central Texas. The property contains approximately 2,928 square feet on a 0.35-acre site and includes seven guest rooms and seven bathrooms within a single-story building. The location provides convenient access to nearby highways, supporting travel demand from motorists, regional business activity, and visitors traveling throughout McLennan County and the greater Waco area. The property's existing hotel configuration allows a purchaser to capitalize on operational improvements, renovations, repositioning strategies, or continued hospitality use based on market objectives. Its manageable size may appeal to owner-operators, hospitality investors, or buyers seeking an entry point into the lodging sector. Constructed in 1960, the building features brick exterior construction, a shingle roof, and asphalt parking. Utility services include water and sewer provided by the City of Mart and electric service through Encore. The combination of an established lodging layout, accessible location, existing infrastructure, and value-add characteristics creates an opportunity for investors seeking to enhance operations and potentially increase long-term asset performance within the local market.

FOR SALE DETAILS

PRICE

$290,000 USD

PRICE/SF

$99 USD /SF

# OF ROOMS

6

PRICE/ROOM

$48,333 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Western Motel

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

1

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1962

PARKING SPACES

9

LAND DETAILS

LAND ACRES

0.35 AC

LAND SF

15,246 SF

ZONING

Commercial

APN/PARCEL ID

32-018000-005100-1

ASK ABOUT THIS PROPERTY

Derek HouserKelly CommercialMore Info
254-855-7534

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Derek HouserKelly CommercialMore Info
254-855-7534

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