This property is Off-Market

1303 Tahoka
Brownfield, TX 79316 ·

68 Rooms · Hotel & Motel For Sale

N/A

Print

Crystal Palace Inn

Price N/A Commission Split 3%
No. Rooms 68 Cap Rate 12%
Building Size 66,230 SF No. Stories 1
Property Type Hotel & Motel Year Built 1964
Property Sub-type
Full Service
More...
  • Special Purpose (Other)
Lot Size 4.06 AC
Property Use Type Investment Parking Ratio 2.67 / 1,000 SF
Listing ID: 14421777 Date Created: 11/30/2005 Last Updated: 06/02/2006

Description

The Crystal Palace Inn is a limited-service lodging facility containing 68 guestrooms, one manager apartment with associated office and lobby, plus an individual restaurant, individaul retail and office space (4 units). Also included is a private club, built in 2005. The motel improvements consist of 5 individual buildings, being 1 and 2 story structures, with a separate structure that maintains the office, lobby & managers apartment. The restaurant is a separate structure, while the retail and office space is located within one separate building. The existing improvements contain a total gross area of approximately 66,230 SF, which includes the 4,301 SF restaurant, 12695 SF retail and office building, 44877 SF associated with the motel and 4,357 being related to the private club. The subject motel improvements are a typical low-rise style, motel, designed to facilitate drive-up guests. Exterior stairs are steel. A fenced (wrought iron and brick) pool (concrete) and concrete deck area is located within the interior of the site.

The subject property is located in Brownfield, Texas, on the north side of the Tahoka Road (U.S.380), west of Cedar Street. This location is considered to be the eastern part of the City of Brownfield. Brownfield is located approximately 40 miles southwest of the City of Lubbock.

Highlights

  • Great Location
  • Priced below appraisal
  • Good curb appeal

Research

1303 Tahoka, Brownfield, TX 79316 (Terry County)

Property Record Data - Historical Listings, current tax, mortgage, owners & tenant info for this property

Brownfield Market Trends - Asking price index trends, sale price trends, asking rent trends

The LoopNet service and information provided therein, while believed to be accurate, are provided "as is". LoopNet disclaims any and all representations, warranties, or guarantees of any kind.

I am a place holder, please don't judge me!!! (no, I judge you!)