This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
2295 SE Loop
Carthage, TX 75633
Holiday Inn Express & Suites Carthage · Hospitality Property For Sale
·
38,442 SF
PROPERTY FACTS
| Property Type | Hospitality | No. Stories | 3 |
| Property Subtype | Hotel | Year Built/Renovated | 2008/2023 |
| Building Class | B | Parking Ratio | 1.56/1,000 SF |
| Lot Size | 1.92 AC | Corridor | Interior |
| Building Size | 38,442 SF | ||
| Zoning | F1 | ||
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 1.92 AC |
| Building Size | 38,442 SF |
| No. Stories | 3 |
| Year Built/Renovated | 2008/2023 |
| Parking Ratio | 1.56/1,000 SF |
| Corridor | Interior |
| Zoning | F1 |
AMENITIES
- Business Center
- Fitness Center
- Pool
- High Speed Internet Access
- Patio
- Public Access Wifi
- Smoke-Free
- Hot Tub
ABOUT 2295 SE LOOP , CARTHAGE, TX 75633
The Holiday Inn Express & Suites is a 69-room, interior corridor, three-story hotel located in Carthage, Texas. Built in 2008, the hotel has a wood frame and a stucco and brick exterior with a pitched roof. Amenities at the hotel include an outdoor pool and spa, fitness center, business center, and coined laundry and vending machines. The guest rooms include a refrigerator, microwave, double-glazed windows, individually controlled air conditioning, and a flat screen television. After completion of the Formula Blue Property Improvement Plan, which is anticipated to cost roughly $800K, a new investor can expect over a 35 percent cash-on-cash return, assuming a new investor leverages a 20 percent equity down payment for a new loan with a 6 percent interest rate, amortized over 25 years.
PROPERTY TAXES
| Parcel Number | 32155 | Improvements Assessment | $2,826,190 |
| Land Assessment | $22,010 | Total Assessment | $2,848,200 |
PROPERTY TAXES
