1907 Lamar Ave - Hospitality FOR SALE
Paris, TX 75460 |
$2,350,000 USD
210-849-2175
1907 Lamar Ave
Paris, TX 75460
HIGHLIGHTS
- Fee Simple Interest in the 50-Unit, Two-Story, Limited-Service Independent Hotel, very easy to operate & ideal size for an Owner-Operator
- Priced at 13.8% CAP Rate based on Dec 2024 Revenues with NOI of $326,190
- Strategic location along one of Paris’s primary commercial corridors, providing strong traffic exposure and access to retail and dining
- Prime Location: Located 93 mi from Texarkana Regional Airport and 112 miles from Dallas Fort Worth International Airport (DFW)
- Comfortable guest accommodations, featuring air-conditioned rooms with private bathrooms, wardrobes, work desks, microwaves, and dining tables
- Essential on-site amenities, including complimentary WiFi, a 24-hour front desk, free private parking, and convenient ground-floor room access
FOR SALE DETAILS
PRICE
$2,350,000 USD
PRICE/SF
$135 USD /SF
# OF ROOMS
50
PRICE/ROOM
$47,000 {currency}
CAP RATE
13.88%
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Kings Inn
PROPERTY TYPE
Hospitality
TOTAL BUILDING SIZE
-
STORIES
2
ROOM ENTRANCE
Exterior
BUILDING CLASS
C
YEAR BUILT
1950
PARKING SPACES
-
LAND DETAILS
LAND ACRES
2.73 AC
LAND SF
118,919 SF
ZONING
F1
APN/PARCEL ID
17430
ASK ABOUT THIS PROPERTY
Please correct the highlighted field(s).
210-849-2175
By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.
Please correct the highlighted field(s).
210-849-2175
By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.
