12500 North Fwy | Houston, TX 77060
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- LoopNet Team
12500 North Fwy
Houston, TX 77060
Monte Carlo Inn · Hospitality Property For Sale
·
76,530 SF
Investment Highlights
- Three-Story, 170-Room, Interior/Exterior Dual Corridor Hotel within the Houston MSA and Priced Well Below Replacement Cost at $22,647 Per Key
- Onsite Owner's Apartment with 3 Bedrooms, 2.5 Bathrooms, Living Room, and Kitchen
- Opportunity for Owner/Operator to Meet 2021 RevPAR Market Average of $20.67 That Will Secure Over $1.28 Million in Room Revenue
- Tactfully Located with Great Visibility Near the Interchange of Texas Beltway 8 and Interstate 45
- 137 Rooms Currently Being Rented. Presents Upside for New Owner to Increase Revenue by Bringing 33 Rooms Back into Operation
- Several Conversion Opportunities Available –Choice: Quality Inn, Clarion Pointe, Suburban, and MainStay –Wyndham: La Quinta, Ramada, Wingate, Days Inn
Property Facts
| Property Type | Hospitality | No. Stories | 3 |
| Property Subtype | Hotel | Year Built | 1982 |
| Building Class | C | Tenancy | Single |
| Lot Size | 3.08 AC | Parking Ratio | 1.92/1,000 SF |
| Building Size | 76,530 SF | Corridor | Interior |
| Zoning | N/Ap, Houston | ||
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 3.08 AC |
| Building Size | 76,530 SF |
| No. Stories | 3 |
| Year Built | 1982 |
| Tenancy | Single |
| Parking Ratio | 1.92/1,000 SF |
| Corridor | Interior |
| Zoning | N/Ap, Houston |
About 12500 NORTH FWY , HOUSTON, TX 77060
The Monte Carlo Inn is a 170-room independent hotel with both an interior and exterior corridor established at 12500 North Freeway, near the interchange of interstate 45 and Texas beltway 8. There are currently 137 rooms being rented and 33 additional rooms are being used for storage and additional purposes. The Property is approximately 76,500 square feet across three floors and maintains amenities including an outdoor pool, BBQ facilities, vending machines, and guest laundry facilities.
Property Taxes
| Parcel Number | 1086910000012 | Improvements Assessment | $1,862,600 |
| Land Assessment | $1,075,064 | Total Assessment | $2,937,664 |
Property Taxes
Parcel Number
1086910000012
Land Assessment
$1,075,064
Improvements Assessment
$1,862,600
Total Assessment
$2,937,664
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