1008 Sheppard Rd | Burkburnett, TX 76354
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- LoopNet Team
1008 Sheppard Rd
Burkburnett, TX 76354
Ramada by Wyndham Burkburnett / Wichita Falls · Hospitality Property For Sale
·
48,100 SF
INVESTMENT HIGHLIGHTS
- Bank-Owned (REO) Hotel Asset - The asset was taken over by the lender in October 2024.
- Over the last six months, the lender has spent major capital to convert the hotel to a Ramada by Wyndham.
- The property benefits from excellent visibility and accessibility given its location along State Highway 240/Sheppard Road, just east of I-44.
- Per the December 2024 STR report, the hotel ranked 7th (out of 8) among its competitors for year-end RevPAR, showing tremendous room for improvement.
- Given the recent renovations, a minor change-of-ownership property improvement plan (PIP) is anticipated.
- As the only lodging facility in Burkburnett, the hotel will benefit from the additional growth and development occurring in the area.
PROPERTY FACTS
| Property Type | Hospitality | No. Stories | 4 |
| Property Subtype | Hotel | Year Built/Renovated | 2006/2025 |
| Building Class | B | Parking Ratio | 2.37/1,000 SF |
| Lot Size | 1.66 AC | Corridor | Interior |
| Building Size | 48,100 SF | ||
| Zoning | C/B - MOTELS (FSMO) | ||
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 1.66 AC |
| Building Size | 48,100 SF |
| No. Stories | 4 |
| Year Built/Renovated | 2006/2025 |
| Parking Ratio | 2.37/1,000 SF |
| Corridor | Interior |
| Zoning | C/B - MOTELS (FSMO) |
AMENITIES
- Business Center
- Fitness Center
- Pool
- High Speed Internet Access
- Meeting Event Space
- Public Access Wifi
- Smoke-Free
PROPERTY TAXES
| Parcel Number | 301024 | Improvements Assessment | $1,756,724 |
| Land Assessment | $108,276 | Total Assessment | $1,865,000 |
PROPERTY TAXES
Parcel Number
301024
Land Assessment
$108,276
Improvements Assessment
$1,756,724
Total Assessment
$1,865,000
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