Lone Star Inn | 205 E Broadway St
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Lone Star Inn 205 E Broadway St
19 Room Hotel Fritch, TX 79036 £312,198 (£16,431/Room) 22% Net Initial Yield
Executive Summary
Seize this incredible investment opportunity with the Silver Spur Motel, strategically located on the bustling Amarillo Blvd. Boasting exceptional visibility and access, this property benefits from heavy daily traffic counts, making it a prime spot for travelers, business visitors, and long-term tenants.
Property Highlights:
High Visibility: Located directly on Amarillo Blvd with constant exposure to local and through-traffic.
On-Site Maintenance: The property currently features on-site maintenance personnel, ensuring prompt service and upkeep, with the potential to enhance operational efficiency.
Ample Upside Potential: Current vacancy rate offers room for improvement by over 25%, unlocking significant revenue growth opportunities.
Flexible Revenue Streams: Opportunity to increase daily and weekly rates, capturing additional income and maximizing ROI.
Versatile Appeal: Cater to a range of guests, from short-term travelers to long-term residents, with competitive pricing and room upgrades.
Potential Enhancements:
Revamp Marketing Strategy: Increase visibility online and through local partnerships to attract more bookings.
Property Updates: Enhance amenities to command higher rates and build customer loyalty.
Operational Improvements: Streamline management for better efficiency and profitability.
Whether you're an experienced hotelier or a savvy investor, the Silver Spur Motel is a turnkey property with untapped potential in a prime, high-traffic location. On-site maintenance ensures seamless operations while offering flexibility for future improvements.
?? Inquire Today!
Property Highlights:
High Visibility: Located directly on Amarillo Blvd with constant exposure to local and through-traffic.
On-Site Maintenance: The property currently features on-site maintenance personnel, ensuring prompt service and upkeep, with the potential to enhance operational efficiency.
Ample Upside Potential: Current vacancy rate offers room for improvement by over 25%, unlocking significant revenue growth opportunities.
Flexible Revenue Streams: Opportunity to increase daily and weekly rates, capturing additional income and maximizing ROI.
Versatile Appeal: Cater to a range of guests, from short-term travelers to long-term residents, with competitive pricing and room upgrades.
Potential Enhancements:
Revamp Marketing Strategy: Increase visibility online and through local partnerships to attract more bookings.
Property Updates: Enhance amenities to command higher rates and build customer loyalty.
Operational Improvements: Streamline management for better efficiency and profitability.
Whether you're an experienced hotelier or a savvy investor, the Silver Spur Motel is a turnkey property with untapped potential in a prime, high-traffic location. On-site maintenance ensures seamless operations while offering flexibility for future improvements.
?? Inquire Today!
Property Facts
| Price | £312,198 | Lot Size | 0.86 AC |
| Price Per Room | £16,431 | Building Size | 13,528 SF |
| Sale Type | Investment | No. Rooms | 19 |
| Net Initial Yield | 22% | Number of Floors | 2 |
| Property Type | Hospitality | Year Built | 1965 |
| Property Subtype | Hotel | Parking Ratio | 1.85/1,000 SF |
| Building Class | C | Corridor | Exterior |
| Price | £312,198 |
| Price Per Room | £16,431 |
| Sale Type | Investment |
| Net Initial Yield | 22% |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 0.86 AC |
| Building Size | 13,528 SF |
| No. Rooms | 19 |
| Number of Floors | 2 |
| Year Built | 1965 |
| Parking Ratio | 1.85/1,000 SF |
| Corridor | Exterior |
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Guest Room | 19 | £38.34 | - |
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PROPERTY TAXES
| Parcel Number | 11880 | Improvements Assessment | £74,614 |
| Land Assessment | £0 | Total Assessment | £74,614 |
PROPERTY TAXES
Parcel Number
11880
Land Assessment
£0
Improvements Assessment
£74,614
Total Assessment
£74,614
zoning
| Zoning Code | Commercial (Commercial) |
| Commercial (Commercial) |
-
Jeffrey Taylor -
Alliance Real Estate
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Lone Star Inn | 205 E Broadway St
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