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    219 Clay St Nocona, TX 76255

    For Sale
    $995,000

    Historic Downtown Nocona Inn - Turnkey Opportunity

    Property size:
    9,245 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    311
    This exceptional 9,245 square foot boutique hotel, situated on a 0.19-acre lot in the heart of Historic Downtown Nocona, Texas, presents a unique investment opportunity. The Red River Station Inn boasts eleven uniquely decorated guest rooms, each reflecting the rich history of Montague County. An owner's suite, complete with a full kitchen and bath, provides comfortable accommodations. The second story features a bar and a spacious balcony overlooking the main street, offering unparalleled views of numerous annual community events and parades. This prime location provides easy access to local shops and downtown festivities, placing the hotel at the cultural heart of Nocona. The property includes a gift shop, currently operational, which presents potential for expansion into another small business or as a separate leasing opportunity. This turnkey business has enjoyed ten years of successful operation, earning top TripAdvisor reviews and an excellent reputation within the community. The property's size, location, and established reputation make it an ideal acquisition for an investor seeking a profitable and established business in a vibrant Texas town. The asking price is $995,000.

    Property Features for 219 Clay St

    General Information

    Property type
    Other commercial real estate
    Square Feet
    9,245 SF
    Lot Size
    8,276 SF

    Building Details

    Year Built
    1980
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Red River Station ... Hotel

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Nocona
    County
    Montague
    State
    Texas
    Longitude
    -97.72764
    Latitude
    33.7893

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    FAQs

    What type of property is this?
    Commercial real estate - Historic Downtown Nocona Inn - Turnkey Opportunity
    Where is this commercial real estate located?
    The property is located at 219 Clay St Nocona, TX.
    What is the asking price?
    The asking price for this property is $995,000.
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

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    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    219 Clay St Nocona, TX 76255
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