2310 W Highway 90 - Hospitality FOR SALE


Alpine, TX 79830
$3,000,000 USD
210-912-1315
2310 W Highway 90, Alpine, TX for Sale
$3,000,000 USD
Hospitality - FOR SALE
1/15
null | Request Cap Rate

2310 W Highway 90
Alpine, TX 79830


HIGHLIGHTS

  • Seller Financing Available
  • *** 25% State tax credits & 20% Federal tax credits available on all Qualified Rehab expenses (hard costs, soft costs, etc.).  
  • On-site Management Team
  • Office w/ Luxury Western Boutique/Gift shop
  • 3,600 VPD Traffic Counts
  • Nearby Attractions...Marfa Lights, Davis Mountains, McDonald Observatory, Big Bend

OVERVIEW

INVESTMENT OPPORTUNITY - The Antelope Lodge is a rustic 1950's motor court hotel with an elevation of 4,475’. This 28-key hotel built in the style of a classic motor court, features white stucco cottages with authentic Mexican red clay tile roofs, stone porches, kitchenettes, and a central courtyard. The name Antelope Lodge still appears on the front porch floor where the stone masons originally inscribed it with local rocks. *** Seller Financing Available — $1.5M equity down with $1.5M Interest Only for 12 months with 30-year amortization. *** 25% State tax credits & 20% Federal tax credits available on all Qualified Rehab expenses (hard costs, soft costs, etc.).

FOR SALE DETAILS

PRICE

$3,000,000 USD

PRICE/SF

$276 USD /SF

# OF ROOMS

28

PRICE/ROOM

$107,143 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Antelope Lodge

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

1

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1950

PARKING SPACES

39

LAND DETAILS

LAND ACRES

2.07 AC

LAND SF

90,169 SF

ZONING

C-2

APN/PARCEL ID

10036

ASK ABOUT THIS PROPERTY

Michael GiddensColdwell Banker Commercial Alamo CityMore Info
210-912-1315

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Michael GiddensColdwell Banker Commercial Alamo CityMore Info
210-912-1315

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