5201 N State Line Ave
Texarkana, TX 75503
The Grand by Capital O Texarkana I-30 · Hospitality Property For Sale
·
49,064 SF
INVESTMENT HIGHLIGHTS
- Two-Story, 130-Room, Exterior-Corridor Hotel Built in 1982
- Property Located Under 10 Minutes from Texarkana Regional Airport
- TTM July 2022 Reached $736 Thousand in Room Revenues and $200 Thousand in Net Operating Income
- Highly Visible and Easily Accessible from the Interstate 30-Stateline Avenue Intersection
- Nearby Demand Generators Include Texas A&M – Texarkana, Arkansas Convention Center Texarkana, Texarkana Convention Center, and Perot Theatre
PROPERTY FACTS
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 3.00 AC |
| Building Size | 49,064 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1982/2006 |
| Parking Ratio | 2.67/1,000 SF |
| Corridor | Exterior |
| Zoning | I - Hospitality Commercial |
AMENITIES
- Fitness Center
- High Speed Internet Access
- Public Access Wifi
- Smoke-Free
ABOUT 5201 N STATE LINE AVE , TEXARKANA, TX 75503
The Magnuson Hotel Texarkana is located at 5201 N Stateline Avenue in Texarkana, Texas, at the intersection of Interstate 30 and Stateline Avenue. The 130-room, exterior-corridor, two-story building was constructed in 1982 and spans three acres. The Property maintains a variety of common area amenities including an outdoor pool, breakfast area, and parking to accommodate larger trucks.
PROPERTY TAXES
| Parcel Number | 17500003800 | Improvements Assessment | $910,032 |
| Land Assessment | $521,968 | Total Assessment | $1,432,000 |
