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3902 N. Highway 35
Fulton, TX 78358
Econo Lodge Inn & Suites Fulton - Rockport · Hospitality Property For Sale
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48,714 SF
PROPERTY FACTS
AMENITIES
- Pool
- High Speed Internet Access
- Patio
- Meeting Event Space
- Public Access Wifi
- Smoke-Free
- Fully-Equipped Kitchen
ABOUT 3902 N. HIGHWAY 35 , FULTON, TX 78358
The Econo Lodge Inn & Suites Fulton Rockport near Blue Wave Beach is a 79 room, exterior corridor, two-story hotel located in Fulton (Rockport) Texas. The hotel was built in 1986 and fully updates in 1995. The most recent renovation was completed in 2017 with all flooring redone in rooms per Choice approval. Rooms were repainted, new roof was installed, bathrooms remodeled, lobby and breakfast areas were renovated and LED lights were installed. New drapes are ordered and will be installed. The property is offered with minimal to no PIP for new buyer. Current ownership is absentee and the property is currently being overseen by onsite manager, but is unencumbered. This investment provides an owner operator the opportunity to purchase the hotel below replacement cost and increase NOI. Extra land is available for future development.
PROPERTY TAXES
| Parcel Number | R19614 | Improvements Assessment | $960,160 |
| Land Assessment | $739,840 | Total Assessment | $1,700,000 |
PROPERTY TAXES
