6023 45th St | Lubbock, TX 79407
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6023 45th St
Lubbock, TX 79407
Holiday Inn Express & Suites Lubbock West · Hospitality Property For Sale
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49,532 SF
Investment Highlights
- Strong Brand Recognition: The Holiday Inn Express, a renowned and trusted name within the IHG portfolio, draws a devoted customer base.
- Prime Location: Situated just 5 miles from Texas Tech University and 2 miles from Lubbock Christian University, with easy access to Lubbock.
- Infrastructure Improvements: A $19 million project to upgrade Upland Avenue to a five-lane road will enhance access and visibility.
- Recently Completed PIP: Benefit from a recently completed Formula Blue 1 PIP (2021).
- Economic Growth: The $1 billion Leprino Foods plant, opening in 2025, will bring over 600 new jobs, boosting hotel demand.
- Operational Potential: New ownership can optimize operations and implement strategies for increased profitability.
Property Facts
| Property Type | Hospitality | No. Stories | 4 |
| Property Subtype | Hotel | Year Built/Renovated | 2010/2020 |
| Building Class | B | Tenancy | Single |
| Lot Size | 1.84 AC | Parking Ratio | 1.01/1,000 SF |
| Building Size | 49,532 SF | Corridor | Interior |
| Zoning | F1 | ||
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 1.84 AC |
| Building Size | 49,532 SF |
| No. Stories | 4 |
| Year Built/Renovated | 2010/2020 |
| Tenancy | Single |
| Parking Ratio | 1.01/1,000 SF |
| Corridor | Interior |
| Zoning | F1 |
Amenities
- Business Center
- Fitness Center
- Pool
- High Speed Internet Access
- Meeting Event Space
- Public Access Wifi
- Smoke-Free
- Hot Tub
- Multi-Room Suites
Property Taxes
| Parcel Number | R313120 | Improvements Assessment | $4,079,920 |
| Land Assessment | $320,080 | Total Assessment | $4,400,000 |
Property Taxes
Parcel Number
R313120
Land Assessment
$320,080
Improvements Assessment
$4,079,920
Total Assessment
$4,400,000
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