2500 N Main St - Hospitality FOR SALE


Tahoka, TX 79373
$300,000 USD
806-687-7700
2500 N Main St, Tahoka, TX for Sale
$300,000 USD
Hospitality - FOR SALE
1/33
null | Request Cap Rate

2500 N Main St
Tahoka, TX 79373


HIGHLIGHTS

  • Located Near US Hwy 87
  • On-Site Residence
  • RV Parking/Hookups

OVERVIEW

NEW ROOF! Nestled just off the bustling US Hwy 87, is a promising opportunity for an eager investor! The value-add motel is a hidden gem waiting for someone with vision and ambition to unlock its full potential. Located at 2500 N Main St, SH Loop 472 in Tahoka, Texas. The motel, sitting on a spacious .634-acre lot, offers 12 keys, includes an on-site 1-bed/1-bath residence, where an owner can be close to the heart of the operation or as a suite for additional income, and 11 1-bed/1-bath guest rooms ready for a new chapter. Guests may enter the front glass door to be greeted at a reception desk. Continuing trough a sliding door, there is a sitting room/living room/lounge to the left, and a full kitchen to the right. Further down on the right is a laundry/housekeeping room with an exterior door. Down the hall to the left is a bedroom and a full bath. Beyond the hall bathroom, there is inside access to one of the 11 guest rooms with a full bath, also featuring an exterior door. The remaining guest rooms are accessed only from the outside, along with a maintenance storage closet. US Hwy 87 stretches from the northern reaches of Montana to the sun-drenched Texas Gulf Coast, via Amarillo, Lubbock, San Angelo, Fredericksburg, and Victoria. Tahoka, Texas is 30 miles south of Lubbock, a thriving hub of commerce and culture, and 90 miles from Midland, a city at the heart of the Permian Basin, known for its oil-rich landscapes and economic opportunities - think The Landman! Guests may enter the front glass door to be greeted at a reception desk. Continuing trough a sliding door, there is a sitting room/living room/lounge to the left, and a full kitchen to the right. Further down on the right is a laundry/housekeeping room with an exterior door. Down the hall to the left is a bedroom and a full bath. Beyond the hall bathroom, there is inside access to one of the 11 guest rooms with a full bath, also featuring an exterior door. The remaining guest rooms are accessed only from the outside, along with a maintenance storage closet.

FOR SALE DETAILS

PRICE

$300,000 USD

PRICE/SF

$63 USD /SF

# OF ROOMS

11

PRICE/ROOM

$27,273 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Tahoka Motel

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

1

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1972

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.79 AC

LAND SF

34,331 SF

ZONING

Commercial

APN/PARCEL ID

03765

ASK ABOUT THIS PROPERTY

Amy BaughBerkshire Hathaway HomeServices Premier PropertiesMore Info
806-687-7700

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Amy BaughBerkshire Hathaway HomeServices Premier PropertiesMore Info
806-687-7700

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