404-514-0242
601 Avenue Q, Lubbock, TX for Sale
Hospitality - FOR SALE
1/17
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601 Avenue Q
Lubbock, TX 79401
Downtown Lubbock


HIGHLIGHTS

  • 138 keys under the Baymont by Wyndham flag; midscale class hotel
  • Downtown Central Business District location in a federal Opportunity Zone, near the Lubbock Memorial Civic Center, less than one mile from Texas Tech
  • Approximately 11 miles from Lubbock Preston Smith Intl. Airport
  • High-traffic Avenue Q frontage (19,550-29,769 VPD)
  • Potential for redevelopment to student housing, multifamily or mixed-use opportunities

OVERVIEW

Hilco Global is accepting bids until August 18 for this hotel redevelopment opportunity in Lubbock, TX. The sale includes the adjacent restaurant at 607 Avenue Q, Lubbock, TX. The Baymont by Wyndham Lubbock – Downtown Civic Center is a 138-room, two-story midscale hotel located in the central business district of Lubbock, Texas. Originally built in 1976, the property was renovated in 2021 and spans 50,645± SF across two parcels totaling 3.17± AC. Currently operating under a franchise, the hotel features an on-site pool, business center, complimentary Wi-Fi, outdoor patios and 99 surface parking spaces. Located within an urban Opportunity Zone, the property presents a compelling offering for investors and operators seeking continued hospitality use, value-add repositioning or adaptive reuse. Its proximity to downtown Lubbock and major demand drivers, including Texas Tech University, supports a range of potential redevelopment scenarios, including student housing, multifamily residential, extended-stay accommodations or a mixed-use project, subject to zoning and municipal approvals. Lubbock serves as the economic, educational and healthcare hub of West Texas, drawing residents, students, visitors and businesses from across the region. Home to Texas Tech University, with an enrollment exceeding 40,000 students, the city benefits from a consistent influx of students, faculty, visitors and research activity that supports housing, hospitality and commercial demand year-round. The area offers strong transportation connectivity via major arterial roadways and is served by Lubbock Preston Smith International Airport, providing direct access to several major metropolitan markets. As a large commercial center in the region, Lubbock attracts a broad base of residents, businesses and visitors from across West Texas and eastern New Mexico. Combined with ongoing investment in downtown redevelopment and university-related growth, Lubbock continues to demonstrate long-term economic stability and redevelopment potential. On-site inspections will be held by appointment only. Subject to approval by U.S. Bankruptcy Court Northern District of Texas (Lubbock) Petition No: 25-50333-bwo11, In re: Sai Bhole-Nath Hotels, Inc.

FOR SALE DETAILS

PRICE

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# OF ROOMS

138

CAP RATE

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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

Keith WorshamHilco GlobalMore Info
404-514-0242

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Keith WorshamHilco GlobalMore Info
404-514-0242

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