Remarks

Excellent opportunity for an eager investor! NEW ROOF! Value-add motel located just off US Hwy 87, 25 miles south of Lubbock, TX at 2500 N Main St, SH Loop 472 Tahoka, TX. The property offers 12 keys, which includes a 1 bed/1 bath on-site residence and 11 1 bed/1 bath guest rooms, 550-600 sq ft each. Sitting on more than a half acre, there are also two RV hookup spaces.

Guests may enter the front glass door to be greeted at a reception desk. Continuing trough a sliding door, there is a sitting room/living room/lounge to the left, and a full kitchen to the right. Further down on the right is a laundry/housekeeping room with an exterior door. Down the hall to the left is a bedroom and a full bath. Beyond the hall bathroom, there is inside access to one of the 11 guest rooms with a full bath, also featuring an exterior door. The remaining guest rooms are accessed only from the outside, along with a maintenance storage closet.

The location of the motel is ideal, situated along US Hwy 87 which runs from northern Montana to the Texas gulf coast. In Texas, US 87 is a north-south highway that begins at the Gulf Coast in Port Lavaca, Texas and heads north through San Antonio, Fredericksburg, Brady, San Angelo, Big Spring, Lubbock, Amarillo, and Dalhart to the New Mexico border near Texline. Tahoka, Texas is 30 miles south of Lubbock, a thriving hub of commerce and culture, and 90 miles from Midland, a city at the heart of the Permian Basin, known for its oil-rich landscapes and economic opportunities and the The Landman series! Don't miss out on this incredible investment opportunity.

Details

MLS#: 202556784
Price: $300,000

Style: Hotel/Motel
Sq Ft: 4360

County: Lynn
Tax Fee: 4800

School Elementary: Tahoka
School Middle: Tahoka
School High: Tahoka