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- LoopNet Team
2050 State Highway 31 E
Athens, TX 75751
Closed Property price Reduced for Quick Sale · Hospitality Property For Sale
·
51,667 SF
INVESTMENT HIGHLIGHTS
- Good Visibity
- Lot Of Upside for the Experienced Owner
- If Anyone Can Generate 1000 Per Room Per Month property Can reach 1.368Million in Room Revnue
- Fixer Upper Property
- Available for Less Than 15000 Per Room
- Extra Income Can be Genarated from Meeting Room Bar Restaurant
PROPERTY FACTS
| Property Type | Hospitality | Building Size | 51,667 SF |
| Property Subtype | Hotel | No. Stories | 2 |
| Building Class | B | Year Built/Renovated | 1981/2012 |
| Lot Size | 11.09 AC | Parking Ratio | 4.39/1,000 SF |
| Construction Status | Converted | Corridor | Exterior |
| Zoning | MF-5 | ||
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 11.09 AC |
| Construction Status | Converted |
| Building Size | 51,667 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1981/2012 |
| Parking Ratio | 4.39/1,000 SF |
| Corridor | Exterior |
| Zoning | MF-5 |
AMENITIES
- Business Center
- Pool
- High Speed Internet Access
- Patio
- Public Access Wifi
- Smoke-Free
ABOUT 2050 STATE HIGHWAY 31 E , ATHENS, TX 75751
Property Used to Be Bestwestern Probably Untill Late 2011 or Early 2012 . Property Closed Due to New Bestwestern Inn And Suites About 61 Rooms Opened in 2010 Second Quater And Revenues Fell Sharply and Cannot Sustain the Cost of operation . This is All Analysed from Information Available in Occupancy Tax Records . 114-room located in Athens ,Currently the hotel is non-operating/ non-franshised and sits on 11 acres of land. The property is located directly off State Highway 31 East The two-story, exterior corridor hotel has a large swimming pool with a spacious patio and barbeque area for guests to enjoy outdoor activities.Priced to SELL !!!!!!!!!!!!!! Seller Finance May Be Possible to the Experienced Hotel Operator . Property Has Bar , Meeting room and Restaurant . Good for Franchise Conversion option . Athens is About An Hour to Hour and Half Drive from Major Metro Dallas . The property is located directly off State Highway 31 East and is the 1st hotel travelers pass on their way into downtown Athens from the highway. Property Needs FF& E . Rebrading to Motel 6 and Days Inn A possiblity . Property Available for less than 15k Per Rooms . Fixer Upper property .
PROPERTY TAXES
| Parcel Number | 2455-0000-012A-01 | Improvements Assessment | $0 |
| Land Assessment | $120,988 | Total Assessment | $120,988 |
PROPERTY TAXES
