1924 St Michael Dr - Hospitality FOR SALE


Texarkana, TX 75503
$3,500,000 USD
714-242-8304
1924 St Michael Dr, Texarkana, TX for Sale
$3,500,000 USD
Hospitality - FOR SALE
1/18
null | 11.02% Cap Rate

1924 St Michael Dr
Texarkana, TX 75503


OVERVIEW

Investment Highlights • Call For Offers Date 07/25/2025! SUBMIT NOW! • Fully Renovated & Rebranded: eliminating immediate CapEx needs. • 79-Room All Studio Units with Kitchenettes: Ideal for extended-stay, weekly, and medical/labor market guest • Motivated Sellers: Well below replacement cost & long-term upside in a high-barrier-to-entry corridor. • Being only open for 3 months, the property is ramping up from 31% occupancy versus 61% in the comp set. • Located along a major corridor in Texarkana with visibility, access, and Wyndham global reservation system & rewards program driving future demand.

FOR SALE DETAILS

PRICE

$3,500,000 USD

PRICE/SF

$132 USD /SF

# OF ROOMS

79

PRICE/ROOM

$44,304 {currency}

CAP RATE

11.02%

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Studio City Suites, a Travelodge by Wyndham

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1974

PARKING SPACES

83

LAND DETAILS

LAND ACRES

1.86 AC

LAND SF

81,022 SF

ZONING

C

APN/PARCEL ID

12480001100

ASK ABOUT THIS PROPERTY

Sid TewariT&S Hotel AdvisorsMore Info
714-242-8304

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Sid TewariT&S Hotel AdvisorsMore Info
714-242-8304

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