Budget Inn | 1213 E US Highway 80
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Budget Inn 1213 E US Highway 80
16 Room Hotel Mineola, TX 75773 £293,737 (£18,359/Room) 12.50% Net Initial Yield
Executive Summary
Prime investment opportunity sitting on 2.5 acres just outside of city limits
Endless opportunities with this investment
Independent Motel
Endless opportunities with this investment
Independent Motel
Property Facts
| Price | £293,737 | Lot Size | 2.44 AC |
| Price Per Room | £18,359 | Building Size | 11,325 SF |
| Sale Type | Investment | No. Rooms | 16 |
| Net Initial Yield | 12.50% | Number of Floors | 1 |
| Sale Conditions | Business Value Included | Year Built/Renovated | 1965/2020 |
| Property Type | Hospitality | Parking Ratio | 1.77/1,000 SF |
| Property Subtype | Hotel | Corridor | Exterior |
| Building Class | C |
| Price | £293,737 |
| Price Per Room | £18,359 |
| Sale Type | Investment |
| Net Initial Yield | 12.50% |
| Sale Conditions | Business Value Included |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 2.44 AC |
| Building Size | 11,325 SF |
| No. Rooms | 16 |
| Number of Floors | 1 |
| Year Built/Renovated | 1965/2020 |
| Parking Ratio | 1.77/1,000 SF |
| Corridor | Exterior |
Amenities
- High Speed Internet Access
- Public Access Wi-Fi
About 1213 E US Highway 80 , Mineola, TX 75773
Renovations were made three years ago, including flooring, tile, and bathroom upgrades. A new roof was installed six years ago. This business includes an owner's suite. The living area includes 3 bedrooms, 2 bathrooms, 2 living rooms, 1 kitchen, and 1 office. 16 total rooms are for rent.
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Guest Room | 16 | £49.35 | - |
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PROPERTY TAXES
| Parcel Number | R14493 | Improvements Assessment | £92,743 |
| Land Assessment | £35,389 | Total Assessment | £128,132 |
PROPERTY TAXES
Parcel Number
R14493
Land Assessment
£35,389
Improvements Assessment
£92,743
Total Assessment
£128,132
zoning
| Zoning Code | Commercial |
| Commercial |
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Budget Inn
Budget Inn | 1213 E US Highway 80
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