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1907 Lamar Ave
Paris, TX 75460
Kings Inn · Hospitality Property For Sale
·
50 Rooms
Investment Highlights
- Fee Simple Interest in the 50-Unit, Two-Story, Limited-Service Independent Hotel, very easy to operate & ideal size for an Owner-Operator
- Strategic location along one of Paris’s primary commercial corridors, providing strong traffic exposure and access to retail and dining
- Comfortable guest accommodations, featuring air-conditioned rooms with private bathrooms, wardrobes, work desks, microwaves, and dining tables
- Priced at 13.8% CAP Rate based on Dec 2024 Revenues with NOI of $326,190
- Prime Location: Located 93 mi from Texarkana Regional Airport and 112 miles from Dallas Fort Worth International Airport (DFW)
- Essential on-site amenities, including complimentary WiFi, a 24-hour front desk, free private parking, and convenient ground-floor room access
Executive Summary
OWNER FINANCE AVAILABLE ON 1ST LIEN POSITION ONLY
Property Facts
| Price Per Room | $47,000 | Building Size | 17,444 SF |
| Sale Type | Investment | No. Rooms | 50 |
| Cap Rate | 13.88% | No. Stories | 2 |
| Property Type | Hospitality | Year Built | 1950 |
| Property Subtype | Hotel | Parking Ratio | 2.06/1,000 SF |
| Building Class | C | Corridor | Exterior |
| Lot Size | 2.73 AC | Opportunity Zone |
Yes
|
| Zoning | F1 | ||
| Price Per Room | $47,000 |
| Sale Type | Investment |
| Cap Rate | 13.88% |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 2.73 AC |
| Building Size | 17,444 SF |
| No. Rooms | 50 |
| No. Stories | 2 |
| Year Built | 1950 |
| Parking Ratio | 2.06/1,000 SF |
| Corridor | Exterior |
| Opportunity Zone |
Yes |
| Zoning | F1 |
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Guest Room | 50 | $34.00 | - |
Property Taxes
| Parcel Number | 17430 | Improvements Assessment | $1,079,037 |
| Land Assessment | $174,690 | Total Assessment | $1,253,727 |
Property Taxes
Parcel Number
17430
Land Assessment
$174,690
Improvements Assessment
$1,079,037
Total Assessment
$1,253,727
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