601 S Main St | Andrews, TX 79714
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- LoopNet Team
601 S Main St
Andrews, TX 79714
Baymont by Wyndham Andrews TX · Hospitality Property For Sale
·
38,268 SF
INVESTMENT HIGHLIGHTS
- Fee simple interest in the lender-owned, 62-room Oakwood Suites Andrews TX offered at a substantial discount to replacement cost
- Offered unencumbered of management or debt with the ability to remain independent, secure new branding with new long-term license, or explore alt use
- Permian Region: drilling activity is rebounding sharply with September 2021 active rig counts at 259 as compared to 123 in the prior year
- part of a larger 7 asset Texas and New Mexico portfolio affording buyers the opportunity to purchase multiple assets with strong operating economies
- Situated directly adjacent to and directly visible from US Route 385
- The Property is unencumbered of any Franchise Agreement, as well as management and debt
PROPERTY FACTS
| Property Type | Hospitality | No. Stories | 2 |
| Property Subtype | Hotel | Year Built/Renovated | 2013/2022 |
| Building Class | B | Parking Ratio | 1.94/1,000 SF |
| Lot Size | 2.55 AC | Corridor | Interior |
| Building Size | 38,268 SF | ||
| Zoning | Local Retail | ||
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 2.55 AC |
| Building Size | 38,268 SF |
| No. Stories | 2 |
| Year Built/Renovated | 2013/2022 |
| Parking Ratio | 1.94/1,000 SF |
| Corridor | Interior |
| Zoning | Local Retail |
AMENITIES
- Business Center
- Fitness Center
- High Speed Internet Access
- Meeting Event Space
- Public Access Wifi
- Smoke-Free
PROPERTY TAXES
| Parcel Number | 000000007862 | Improvements Assessment | $941,754 |
| Land Assessment | $900,000 | Total Assessment | $1,841,754 |
PROPERTY TAXES
Parcel Number
000000007862
Land Assessment
$900,000
Improvements Assessment
$941,754
Total Assessment
$1,841,754
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