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1301 W Expressway 83
Pharr, TX 78577
Americas Best Value Inn Pharr · Hospitality Property For Sale · 15,616 SF

INVESTMENT HIGHLIGHTS

  • Two-Story, 58-Room, Interior-Corridor Hotel
  • Recently Renovated - Minimal PIP Expected at Sale
  • 74.44 Percent Occupancy Through 2020
  • Priced Below Replacement Cost at $48,276 Per Room
  • Excellent Location off Interstate 2 Near the Largest Cities in South Texas; Less than 4.5 Miles from McAllen International Airport
  • Upward Trending RevPAR and Net Operating Income

PROPERTY FACTS

Property Type Hospitality
Property Subtype Hotel
Building Class C
Lot Size 2.22 AC
Building Size 15,616 SF
No. Stories 2
Year Built 1996
Corridor Interior
Zoning F1

AMENITIES

  • Business Center
  • Fitness Center
  • Pool

ABOUT 1301 W EXPRESSWAY 83 , PHARR, TX 78577

Property Overview: The Americas Best Value Inn Pharr is a RLH Corporation-branded property that was built in 1996. The 58-room hotel features a seating area, refrigerator, microwave, ?at-screen television, and a desk with an ergonomic chair. Select rooms feature a jacuzzi, bar area, and sofa. The common amenities featured include a business center, lobby, breakfast area, outdoor hot tub, swimming pool, and picnic area. Location Overview: Pharr, Texas is located three miles east of McAllen, 55 miles west of Brownsville, and 18 miles north of the United States and Mexico border. The most substantial industries in the region include agriculture, border-zone factories, and commerce related to the port of entry at Reynosa into Mexico. Noted as “The Valley” the topography is ef?cient for vegetables and citrus. Retail in the area caters to Mexican national tourists who support the local economy. The South Texas College Pecan Campus (3.6 miles) is part of the ?ve campuses in south Texas, and the entire system serves over 28,000 students. The school hosts scholastic events and provides 127 degree and certi?cate options. The McAllen Convention Center (5.5 miles) hosts live performances and private events in their over 100,000 square feet facility. The Payne Arena (8.3 miles) is another popular venue in the region and hosts several events annually in their $20-million multi-purpose complex that features a 7,000-seat arena for a center stage concert and a 5,500-seat arena for ice hockey, football, and soccer. The McAllen International Airport (4.6 miles) supports commercial, general aviation, and cargo. Over two million travelers pass through the airport’s terminal annually.

PROPERTY TAXES

  • Listing ID: 24272510

  • Date on Market: 10/11/2021

  • Last Updated:

  • Address: 1301 W Expressway 83, Pharr, TX 78577