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Investment Highlights
- Existing hotel property with seven guest rooms and seven bathrooms.
- Single-story building configuration allows for straightforward operational management.
- Utility services are available through municipal water and sewer providers.
- Highway accessibility supports regional travel and visitor convenience.
- Brick exterior construction and existing asphalt parking are already in place.
- Value-add opportunity for investors seeking to reposition or improve an existing hospitality asset.
Executive Summary
Located along East Texas Avenue in Mart, Texas, this hospitality property offers an opportunity to acquire an existing lodging asset with value-add potential in a community positioned along key regional transportation routes serving Central Texas. The property contains approximately 2,928 square feet on a 0.35-acre site and includes seven guest rooms and seven bathrooms within a single-story building.
The location provides convenient access to nearby highways, supporting travel demand from motorists, regional business activity, and visitors traveling throughout McLennan County and the greater Waco area. The property's existing hotel configuration allows a purchaser to capitalize on operational improvements, renovations, repositioning strategies, or continued hospitality use based on market objectives. Its manageable size may appeal to owner-operators, hospitality investors, or buyers seeking an entry point into the lodging sector.
Constructed in 1960, the building features brick exterior construction, a shingle roof, and asphalt parking. Utility services include water and sewer provided by the City of Mart and electric service through Encore. The combination of an established lodging layout, accessible location, existing infrastructure, and value-add characteristics creates an opportunity for investors seeking to enhance operations and potentially increase long-term asset performance within the local market.
The location provides convenient access to nearby highways, supporting travel demand from motorists, regional business activity, and visitors traveling throughout McLennan County and the greater Waco area. The property's existing hotel configuration allows a purchaser to capitalize on operational improvements, renovations, repositioning strategies, or continued hospitality use based on market objectives. Its manageable size may appeal to owner-operators, hospitality investors, or buyers seeking an entry point into the lodging sector.
Constructed in 1960, the building features brick exterior construction, a shingle roof, and asphalt parking. Utility services include water and sewer provided by the City of Mart and electric service through Encore. The combination of an established lodging layout, accessible location, existing infrastructure, and value-add characteristics creates an opportunity for investors seeking to enhance operations and potentially increase long-term asset performance within the local market.
Property Facts
| Price | $290,000 | Building Size | 2,928 SF |
| Price Per Room | $48,333 | No. Rooms | 6 |
| Sale Type | Investment | No. Stories | 1 |
| Property Type | Hospitality | Year Built | 1962 |
| Property Subtype | Hotel | Parking Ratio | 2.73/1,000 SF |
| Building Class | C | Corridor | Exterior |
| Lot Size | 0.35 AC | ||
| Zoning | Commercial | ||
| Price | $290,000 |
| Price Per Room | $48,333 |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 0.35 AC |
| Building Size | 2,928 SF |
| No. Rooms | 6 |
| No. Stories | 1 |
| Year Built | 1962 |
| Parking Ratio | 2.73/1,000 SF |
| Corridor | Exterior |
| Zoning | Commercial |
Amenities
- High Speed Internet Access
- Public Access Wifi
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Guest Room | 6 | $30.00 | - |
1 1
Somewhat walkable
20/100
Exceptionally drivable
90/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 32-018000-005100-1 | Improvements Assessment | $227,010 |
| Land Assessment | $31,070 | Total Assessment | $258,080 |
Property Taxes
Parcel Number
32-018000-005100-1
Land Assessment
$31,070
Improvements Assessment
$227,010
Total Assessment
$258,080
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