601 Avenue Q - Hospitality FOR SALE


Lubbock, TX 79401- Downtown Lubbock
$3,995,000 USD
805-557-8857
601 Avenue Q, Lubbock, TX for Sale
$3,995,000 USD
Hospitality - FOR SALE
1/7
null | Request Cap Rate

601 Avenue Q
Lubbock, TX 79401
Downtown Lubbock


HIGHLIGHTS

  • Two-story, exterior corridor, midscale hotel
  • Reinforced concrete construction
  • New exterior paint
  • Offered at $28,949/key
  • TTM Revenue May 2025: $833,120
  • Upside: Operating at 46.1% of the comp set RevPAR index

OVERVIEW

The Bowman Post Group of NewGen Advisory is pleased to present for sale the Baymont by Wyndham Lubbock (Downtown Civic Center) – Lubbock, TX. This 137-room, two-story property benefits from a highly strategic downtown location just steps from the Lubbock Memorial Civic Center and within minutes of Texas Tech University—drawing consistent group, academic, and event-driven demand. The hotel is equipped with essential amenities boosting its appeal to a broad range of mid-scale guests. With expansion of cultural and entertainment venues nearby, like the Buddy Holly Hall and downtown revitalization project, the property stands poised to benefit from increasing visitor traffic and market re-positioning. This presents an ideal opportunity for investors to leverage evolving downtown momentum and asset efficiency in Lubbock’s hospitality sector.

FOR SALE DETAILS

PRICE

$3,995,000 USD

PRICE/SF

$79 USD /SF

# OF ROOMS

138

PRICE/ROOM

$28,949 {currency}

CAP RATE

Request Cap Rate

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Baymont by Wyndham Lubbock - Downtown

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1976

PARKING SPACES

99

LAND DETAILS

LAND ACRES

3.17 AC

LAND SF

137,965 SF

ZONING

F1

APN/PARCEL ID

R56344,R56371

ASK ABOUT THIS PROPERTY

Andrew PostNewGen AdvisoryMore Info
805-557-8857

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

Andrew PostNewGen AdvisoryMore Info
805-557-8857

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