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- LoopNet Team
3110 US Highway 287 W
Vernon, TX 76384
Lone Star Inn · Hospitality Property For Sale
·
34,184 SF
INVESTMENT HIGHLIGHTS
- 50 Units
- Room Revenue in 2019: $727,000, Asking 1.9x 2019 Room Revenue
- 2 Bedroom 2 Bath Manager's Quarters with Kitchen
- Multiple Brands Interested in Re-Brand, Change of Ownership PIPs Available
- Excellent Access and Visibility on TX-287 Freeway
- Adjacent 37 Unit American Inn also for Sale, asking $400,000 with it's Owner Managers Quarters
PROPERTY FACTS
| Property Type | Hospitality | No. Stories | 2 |
| Property Subtype | Year Built | 1974 | |
| Building Class | C | Parking Ratio | 1.58/1,000 SF |
| Lot Size | 2.90 AC | Corridor | Exterior |
| Building Size | 34,184 SF | ||
| Zoning | C2 - Commercial | ||
| Property Type | Hospitality |
| Property Subtype | |
| Building Class | C |
| Lot Size | 2.90 AC |
| Building Size | 34,184 SF |
| No. Stories | 2 |
| Year Built | 1974 |
| Parking Ratio | 1.58/1,000 SF |
| Corridor | Exterior |
| Zoning | C2 - Commercial |
AMENITIES
- Public Access Wifi
ABOUT 3110 US HIGHWAY 287 W , VERNON, TX 76384
The Lone Star Inn in Vernon, TX, is a 2-story, exterior-corridor property in excellent condition. It serves as a convenient stop for travelers on TX Freeway 70 and 287, and is en route from Amarillo to Dallas. This is a fantastic opportunity for an owner operator with revenues trending up. Vernon is located in North Texas, in Wilbarger County. It is fifty miles northwest of Wichita Falls. The city is served by four U.S. Routes, 70, 183, 283, and 287. Nearby attractions include Vernon College, the Red River Valley Museum, Orbison Park, Quanah Route Museum, Hardeman County Courthouse and Sheppard Air Force Base. Also next door is Ray's Fish and Wing Bar open until midnight The Seller also has a 37-unit Independent Hotel, the American Inn, available next to the Lone Star Inn for an asking price of $400,000
PROPERTY TAXES
| Parcel Number | 6377001 | Improvements Assessment | $913,830 |
| Land Assessment | $70,690 | Total Assessment | $984,520 |
PROPERTY TAXES
