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- LoopNet Team
5864 Highway 281
Three Rivers, TX 78071
Lux Inn & Suites · Hospitality Property For Sale
·
18,506 SF
INVESTMENT HIGHLIGHTS
- With a generous 2-acre land parcel, there is ample space for future development, providing opportunities for expansion or diversification.
- Projected to generate approximately $400,000 of gross revenue in 2023.
- Built in 2012, this property is fully equipped with contemporary amenities, ensuring the capability to operate a successful hospitality business.
- The property boasts a spacious 32-unit motel, offering substantial potential for a thriving hospitality business.
- The property is conveniently located near the recreational opportunities of Choke Canyon State Park.
PROPERTY FACTS
| Property Type | Hospitality | No. Stories | 2 |
| Property Subtype | Hotel | Year Built | 2012 |
| Building Class | C | Parking Ratio | 1.78/1,000 SF |
| Lot Size | 2.53 AC | Corridor | Exterior |
| Building Size | 18,506 SF | ||
| Zoning | COMMERCIAL | ||
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 2.53 AC |
| Building Size | 18,506 SF |
| No. Stories | 2 |
| Year Built | 2012 |
| Parking Ratio | 1.78/1,000 SF |
| Corridor | Exterior |
| Zoning | COMMERCIAL |
AMENITIES
- High Speed Internet Access
- Patio
- Public Access Wifi
- Smoke-Free
- Fully-Equipped Kitchen
ABOUT 5864 HIGHWAY 281 , THREE RIVERS, TX 78071
This remarkable property offers a 32-unit motel nestled on a spacious 2-acre parcel, ideal for future development opportunities. Built in 2012, it boasts contemporary amenities crucial for operating a thriving hospitality business. Strategically located on Highway 281 with easy access to the major I-37 freeway, the property benefits from Three Rivers' historical ties to the oil and gas industry. Notably, it enjoys proximity to industry giants such as Valero Energy Corporation and Statoil, enhancing its investment appeal. Furthermore, the property is conveniently situated near the recreational haven of Choke Canyon State Park, making it an enticing prospect for a diverse range of investment ventures.
PROPERTY TAXES
| Parcel Number | 0390-3300-0218-00 | Improvements Assessment | $541,007 |
| Land Assessment | $263,526 | Total Assessment | $804,533 |
PROPERTY TAXES
