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Historic Redland Hotel 330 E Main St 13,113 SF Flex Building Nacogdoches, TX 75961 $3,990,000 ($304.28/SF)
INVESTMENT HIGHLIGHTS
- Historic Downtown Nacogdoches
EXECUTIVE SUMMARY
Turn of the 20th Century, 1906, Redland Hotel in Historic Downtown Nacogdoches in the process of renovations. Each of the 3 floors has 4371 sq. ft. for a total of 13,113 sq. ft. The 1st floor has a commercial kitchen ready now for a restaurant/event center/retail. This floor is about 70% complete for new Owners to open. The 2nd & 3rd floors were hotel rooms & ready for renovations to lofts/hotel rooms/apartments.
The property can be leased for $1/sqft/month, minimum 5 years. Sellers are a Construction Co & can be hired to renovate for Lessee, if desired. There is also a small basement in the rear of the building but will not be part of the leasable sqft. Seller is retaining mineral, if any.
The property can be leased for $1/sqft/month, minimum 5 years. Sellers are a Construction Co & can be hired to renovate for Lessee, if desired. There is also a small basement in the rear of the building but will not be part of the leasable sqft. Seller is retaining mineral, if any.
PROPERTY FACTS
UTILITIES
- Gas - Natural
- Water - City
- Sewer - City
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PROPERTY TAXES
| Parcel Number | 22977 | Improvements Assessment | $230,939 |
| Land Assessment | $46,580 | Total Assessment | $277,519 |
PROPERTY TAXES
Parcel Number
22977
Land Assessment
$46,580
Improvements Assessment
$230,939
Total Assessment
$277,519
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Historic Redland Hotel | 330 E Main St
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