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101 Main St

125 Room Hotel Texarkana, TX 75501 £821,153 (£6,569/Room)

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Executive Summary

This former hotel is listed on the National Register of Historic Places.This Property’s renovation is eligible for a total of 45% Investment Tax Credits counted on 80% of its Qualified Renovation Expenditures, with 20% ITCs on federal income tax and 25% ITCs on State of Texas corporate franchise taxes.It can be renovated for hotel/apartments/mini-storage/hightech server farm. It can be sold with additional historic properties nearby, contact broker for further information. Broad range of commercial uses.
Also available is conservation easement tax deduction.
Can be expanded in North Wing for another 2 stories equalling an additional 20,000SF, resulting in a grand total of 75,000SF.

Property Facts

Price	£821,153	Lot Size	0.29 AC
Price Per Room	£6,569	Building Size	75,000 SF
Sale Type	Investment	No. Rooms	125
Sale Conditions	Development Sale Shell & Core	Number of Floors	10
Property Type	Hospitality	Year Built	1929
Property Subtype	Hotel	Corridor	Interior
Building Class	F	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Price	£821,153
Price Per Room	£6,569
Sale Type	Investment
Sale Conditions	Development Sale Shell & Core
Property Type	Hospitality
Property Subtype	Hotel
Building Class	F
Lot Size	0.29 AC
Building Size	75,000 SF
No. Rooms	125
Number of Floors	10
Year Built	1929
Corridor	Interior
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Amenities

High Speed Internet Access

Public Access Wi-Fi

Room Mix Information

Description	No. Rooms	Daily Rate	SF
Guest Room	125	£41.06	-

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PROPERTY TAXES

Parcel Number	8018	Improvements Assessment	£1,642
Land Assessment	£20,235	Total Assessment	£21,877

PROPERTY TAXES

Parcel Number

8018

Land Assessment

£20,235

Improvements Assessment

£1,642

Total Assessment

£21,877

zoning

Zoning Code	C
C

Listing ID: 24001439
Date on Market: 23/03/2016
Last Updated:
Address: 101 Main St, Texarkana, TX 75501

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