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5816 34th St
Lubbock, TX 79407
Sleep Inn & Suites · Hospitality Property For Sale
·
66 Rooms
PROPERTY FACTS
| Property Type | Hospitality | No. Rooms | 66 |
| Property Subtype | Hotel | No. Stories | 4 |
| Building Class | B | Year Built | 2012 |
| Lot Size | 1.61 AC | Parking Ratio | 1.03/1,000 SF |
| Building Size | 58,420 SF | Corridor | Interior |
| Zoning | Commercial | ||
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 1.61 AC |
| Building Size | 58,420 SF |
| No. Rooms | 66 |
| No. Stories | 4 |
| Year Built | 2012 |
| Parking Ratio | 1.03/1,000 SF |
| Corridor | Interior |
| Zoning | Commercial |
AMENITIES
- Business Center
- Fitness Center
- Pool
- High Speed Internet Access
- Meeting Event Space
- Public Access Wifi
- Smoke-Free
- Hot Tub
ABOUT 5816 34TH ST , LUBBOCK, TX 79407
Very nicely built and maintained property, feels almost brand new. Owner couple is retiring due to health reasons. High potential of upsale for enthusiastic and young owner operators or professional management. Located in most highly developing area near new Costco in West Lubbock. Plenty of restaurants, bars and branded retail shops within walking distance. Lubbock Christian University is in the backyard. Texas Tech University, University Medical, Heart Hospital and other major healthcare systems are in proximity. Lubbock is home of 3 major universities: Texas Tech University, Lubbock Christian University, Texas Tech University Health Sciences Center. Texas Tech University, having the seventh largest student body in Texas, boasts a Fall 2017 enrollment of 37,010 students. The University plans to be at 40,000 students by 2020. Above all economic drivers, farming and medical have been the backbone to this West Texas economy. With agriculture and medical practices continuing to grow within the region, Lubbock has become the marketing center of the region and earned the name "Hub City". Although Lubbock still maintains an atmosphere of small-town hospitality and West Texas charm, it also offers big-city delights. Lubbock is a friendly community with a pro-business attitude. The city offers a wealth of activities and services for its residents, and the thriving business community always keeps the economy moving forward. MAJOR EMPLOYERS • Texas Tech University:: 4994 Employees • Covenant Health System :: 4900 Employees • Texas Tech University Health Sciences Center :: 3656 Employees • Lubbock ISD :: 3268 Employees • United Supermarkets :: 2873 Employees • University Medical Center :: 2816 Employees
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Suite | 15 | $94.00 | - |
| Guest Room | 51 | $79.00 | - |
PROPERTY TAXES
| Parcel Number | R315469 | Improvements Assessment | $2,089,520 |
| Land Assessment | $348,480 | Total Assessment | $2,438,000 |
PROPERTY TAXES
