2308 E Interstate 20 | Midland, TX 79706
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- LoopNet Team
2308 E Interstate 20
Midland, TX 79706
Avid Midland · Hospitality Property For Sale
·
42,407 SF
INVESTMENT HIGHLIGHTS
- Four-Story, 89-Room, Interior-Corridor, Midscale Hotel - Built in 2020
- Offered at 10% CAP and 3.8 RRM
- Permian Basin Oil Field and Corporate Headquarters for Over 20 Energy Firms Located Less than 10 Miles from the Property
- Priced Below Replacement Cost at $104,494 Per Key
- Situated 14 miles away from Midland International Air and Space Port
- TTM April 2024 Room Revenues Exceeded $2.4 Million while Maintaining an NOI Over $888,000
PROPERTY FACTS
| Property Type | Hospitality | No. Stories | 4 |
| Property Subtype | Hotel | Year Built | 2020 |
| Building Class | B | Parking Ratio | 2.1/1,000 SF |
| Lot Size | 1.50 AC | Corridor | Interior |
| Building Size | 42,407 SF | ||
| Zoning | MF1 | ||
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 1.50 AC |
| Building Size | 42,407 SF |
| No. Stories | 4 |
| Year Built | 2020 |
| Parking Ratio | 2.1/1,000 SF |
| Corridor | Interior |
| Zoning | MF1 |
AMENITIES
- Business Center
- Fitness Center
- Pool
- High Speed Internet Access
- Public Access Wifi
- Smoke-Free
PROPERTY TAXES
| Parcel Number | 0036900.001.0040 | Improvements Assessment | $8,610,946 |
| Land Assessment | $25,450 | Total Assessment | $8,636,396 |
PROPERTY TAXES
Parcel Number
0036900.001.0040
Land Assessment
$25,450
Improvements Assessment
$8,610,946
Total Assessment
$8,636,396
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