5201 N State Line Ave - Hospitality FOR SALE
Texarkana, TX 75503 |
5201 N State Line Ave
Texarkana, TX 75503
HIGHLIGHTS
- Two-Story, 130-Room, Exterior-Corridor Hotel Built in 1982
- Highly Visible and Easily Accessible from the Interstate 30-Stateline Avenue Intersection
- Property Located Under 10 Minutes from Texarkana Regional Airport
- Nearby Demand Generators Include Texas A&M – Texarkana, Arkansas Convention Center Texarkana, Texarkana Convention Center, and Perot Theatre
- TTM July 2022 Reached $736 Thousand in Room Revenues and $200 Thousand in Net Operating Income
OVERVIEW
The Magnuson Hotel Texarkana is located at 5201 N Stateline Avenue in Texarkana, Texas, at the intersection of Interstate 30 and Stateline Avenue. The 130-room, exterior-corridor, two-story building was constructed in 1982 and spans three acres. The Property maintains a variety of common area amenities including an outdoor pool, breakfast area, and parking to accommodate larger trucks.
FOR SALE DETAILS
PRICE
-
# OF ROOMS
-
CAP RATE
-
BUILDING DETAILS
PROPERTY NAME
The Grand by Capital O Texarkana I-30
PROPERTY TYPE
Hospitality
TOTAL BUILDING SIZE
49064
STORIES
2
ROOM ENTRANCE
Exterior
BUILDING CLASS
C
YEAR BUILT
1982
PARKING SPACES
131
LAND DETAILS
LAND ACRES
-
LAND SF
-
ZONING
I
APN/PARCEL ID
17500003800
