1400 N Us Highway 385 - Hospitality FOR SALE


Andrews, TX 79714
$3,900,000 USD
405-810-1414
1400 N Us Highway 385, Andrews, TX for Sale
$3,900,000 USD
Hospitality - FOR SALE
1/5
null | Request Cap Rate

1400 N Us Highway 385
Andrews, TX 79714


HIGHLIGHTS

  • Located in the Permian Basin – 30 mins north of Midland/Odessa
  • Newly constructed in 2020
  • Absentee owner
  • Great upside for involved ownership

OVERVIEW

The Cobblestone Hotel & Suites in Andrews is a 3-story, interior corridor hotel constructed in 2020. The property has 54 guestrooms, including suites, and offers strong upside potential for an owner-operator. Property amenities include a business center, complimentary breakfast buffet, fitness center, complimentary high-speed internet, guest laundry, oversized truck/trailer parking, a beer and wine bar/lounge, indoor pool, meeting room, elevator, and an onsite convenience store. Guestroom features include flat-panel TVs, microwave and mini-fridge, hairdryer, iron, in-room alarms, complimentary wireless internet, coffee/tea maker, and an efficient work desk. Andrews, Texas, is a thriving West Texas community that combines small-town character with the economic strength of the Permian Basin. Serving as the county seat of Andrews County, the city supports regional energy, commerce, and workforce activity. The hotel enjoys a strategic location along U.S. Highway 385 and State Highway 176, providing easy access to Midland–Odessa and the broader Permian Basin region. Do not contact the property directly. All inquiries and showings should be directed to Ted Holmes.

FOR SALE DETAILS

PRICE

$3,900,000 USD

PRICE/SF

$132 USD /SF

# OF ROOMS

54

PRICE/ROOM

$72,222 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Cobblestone Hotel & Suites Andrews

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

3

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

2020

PARKING SPACES

87

LAND DETAILS

LAND ACRES

3.13 AC

LAND SF

136,373 SF

ZONING

C

APN/PARCEL ID

000000399414

ASK ABOUT THIS PROPERTY

Ted HolmesHotelBrokerOneMore Info
405-810-1414

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Ted HolmesHotelBrokerOneMore Info
405-810-1414

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