512 E Riley St - Hospitality FOR SALE


Freer, TX 78357
$598,988 USD
562-900-5118
512 E Riley St, Freer, TX for Sale
$598,988 USD
Hospitality - FOR SALE
1/30
null | Request Cap Rate

512 E Riley St
Freer, TX 78357


OVERVIEW

Budget Inn & Suites situated at 512 E Riley St, Freer, TX 78357, offers a lucrative investment opportunity with 26 rooms spanning a 50,738 SF area. This property boasts a 1.03-acre land plot, with 44 parking spaces providing a parking ratio of 1.69 per room. Renovated in 2011, the inn features a charming blend of history with modern conveniences. The attractive price of $598,988 translates to a competitive $23,038 per key and $11.81 per square foot, making it an enticing investment prospect. Strategically located in Freer, this property benefits from a thriving local population with a median household income exceeding $58,000 in the immediate vicinity. Don't miss out on the chance to own this promising hospitality asset offering a blend of comfort and convenience. Embrace the opportunity to capitalize on this well-positioned hospitality gem before it's gone.

FOR SALE DETAILS

PRICE

$598,988 USD

PRICE/SF

$12 USD /SF

# OF ROOMS

26

PRICE/ROOM

$23,038 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Budget Inn & Suites

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1960

PARKING SPACES

44

LAND DETAILS

LAND ACRES

1.03 AC

LAND SF

45,002 SF

ZONING

RES

APN/PARCEL ID

000000010765

ASK ABOUT THIS PROPERTY

Silvestre Madrigal JrC21 AllStars, Commercial & Investment GroupMore Info
562-900-5118

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Silvestre Madrigal JrC21 AllStars, Commercial & Investment GroupMore Info
562-900-5118

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