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508 N Interstate 35 E
Red Oak, TX 75154
La Quinta Inn & Suites by Wyndham-Red Oak TX · Hospitality Property For Sale
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45,925 SF
Investment Highlights
- Opportunity to acquire a centrally located, contemporary highway hotel boasting new construction and direct I-35E frontage and access.
- Take advantage of strong, consistent occupancy since the site's opening with an occupancy rate of 81% and monthly income of $263,858 in October '21.
- Fee Simple.
- Guests enjoy comfortable accommodations and convenient amenities, including a pool, hot tub, fitness center, business center, and meeting/event space.
- Primed to serve the area's high volume of travelers, including I-35E freight drivers, TSTC visitors, Dallas tourists, and business professionals.
Property Facts
| Property Type | Hospitality | Building Size | 45,925 SF |
| Property Subtype | Hotel | No. Stories | 4 |
| Building Class | B | Year Built | 2020 |
| Lot Size | 2.02 AC | Corridor | Interior |
| Zoning | PD-80 | ||
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 2.02 AC |
| Building Size | 45,925 SF |
| No. Stories | 4 |
| Year Built | 2020 |
| Corridor | Interior |
| Zoning | PD-80 |
Amenities
- Business Center
- Fitness Center
- Pool
- On-Site Retail
- High Speed Internet Access
- Meeting Event Space
- Public Access Wifi
- Smoke-Free
- Hot Tub
Property Taxes
| Parcel Number | 208345 | Improvements Assessment | $7,536,042 |
| Land Assessment | $605,672 | Total Assessment | $8,141,714 |
Property Taxes
Parcel Number
208345
Land Assessment
$605,672
Improvements Assessment
$7,536,042
Total Assessment
$8,141,714
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