1515 N IH 35 - Hospitality FOR SALE


DeSoto, TX 75115
$9,999,000 USD
714-353-8917
1515 N IH 35, DeSoto, TX for Sale
$9,999,000 USD
Hospitality - FOR SALE
1/4
null | Request Cap Rate

1515 N IH 35
DeSoto, TX 75115


OVERVIEW

The Radisson Hotel Dallas South is located at 1515 N IH 35 Ave, DeSoto TX 75115. The building is 112,144 SF and sits on 4.28 acres of land (186,437 SF). It has 148 rooms and 224 parking spaces. The hotel was built in 1987 and is scheduled to be renovated in 2026. The asking price is $9,999,000, which translates to $74,324 per key (room) and $98.09 per square foot. The hotel has been completed gutted out and has city's all permits plus all entitlements with architectural design approved as well. Radisson has approved the franchise granted license for this hotel property as full service upscale hotel with banquet large room, bars/lounge and restaurant for city's events, conferences, businesses group events and weddings. Once the Radisson is ready to open doors to guests and events then Radisson will give a check for $2.5 million to the buyer that gets this hotel Radisson renovations done per their requirements. Per the Radisson and the current general contractor it will take about an estimate of $7.2 million to have the renovations done. Keep in mind Radisson will give back $2.5 million check towards the costs of renovations to be used as wanted by the buyer when the this Radisson hotel opens doors. Please see attachments with exterior & interior designs, Appraisal 2025 formal report, Proforma for 2025 for the next 5 years total revenues start in Nov. 25th, 2025 through Oct. 24th of 2026 at total revenues of $7,175,412 and so on, and the Phase 1 Environmental report. For more information, you can contact Silvestre Madrigal of Century 21 Commercial at (562) 843-3495 or via email at c21ccgroup@gmail.com

FOR SALE DETAILS

PRICE

$9,999,000 USD

PRICE/SF

$89 USD /SF

# OF ROOMS

148

PRICE/ROOM

$67,561 {currency}

CAP RATE

Request Cap Rate

TENANCY

Single

STATUS

Under Renovation

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Radisson Hotel Dallas South

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

4

ROOM ENTRANCE

Interior

BUILDING CLASS

C

YEAR BUILT

1987

PARKING SPACES

224

LAND DETAILS

LAND ACRES

4.28 AC

LAND SF

186,437 SF

ZONING

PD

APN/PARCEL ID

20113150000120000

ASK ABOUT THIS PROPERTY

Silvestre Madrigal JrC21 AllStars, Commercial & Investment GroupMore Info
714-353-8917

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Silvestre Madrigal JrC21 AllStars, Commercial & Investment GroupMore Info
714-353-8917

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