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    1003 Tx-332 Clute, TX 77531

    For Sale
    $4,800,000

    82-Room Marriott Hotel, Prime Location

    Property size:
    59,261 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    Exceptional investment opportunity: This 82-key TownePlace Suites by Marriott hotel, located at 1003 TX-332, Clute, TX 77531, presents a compelling acquisition in a thriving Texas market. Built in 2001 and renovated in 2007, this two-story, 59,261 square foot property sits on a 2.17-acre lot (C-2 zoning). The hotel boasts spacious accommodations, including fully-equipped kitchens and high-speed internet, catering to both business and leisure travelers. Its strategic location near major employers (Dow, BASF, Freeport LNG, Chevron), shopping centers (Dixie Mini Mall, Plantation Mall, Brazosport Village), St. Luke’s Hospital, and local parks ensures high occupancy. Proximity to Texas Gulf Coast Regional Airport and Joseph Ross Scherdin Airport (15-minute drive) adds further appeal. Recreational opportunities, including beaches, boating, golfing, tennis, and water skiing, abound in the surrounding area. This established hotel offers a strong return on investment in a vibrant and growing market near Houston and the Texas Gulf Coast.

    Property Features for 1003 Tx-332

    General Information

    Property type
    Hotels
    Square Feet
    59,261 SF
    Lot Size
    94,525 SF

    Building Details

    Year Built/Renovated
    2001/207
    Stories
    2

    HighLights

    • 82‑key TownePlace Suites by Marriott hotel in Clute, TX.
    • 59,261 square foot building on a 2.17‑acre lot (C‑2 zoning).
    • Built in 2001, renovated in 2007.
    • Excellent location near major employers, shopping, and medical facilities.
    • Strong ROI in a growing Texas market near Houston and the Gulf Coast.
    Property Profile Location Intelligence

    Current Use by Public Records

    Hotels

    Map

    City
    Clute
    County
    Brazoria
    State
    Texas
    Longitude
    -95.4099167
    Latitude
    29.0111095

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    FAQs

    What type of property is this?
    Hotel - 82-Room Marriott Hotel, Prime Location
    Where is this hotel located?
    The property is located at 1003 Tx-332 Clute, TX.
    What is the asking price?
    The asking price for this property is $4,800,000.
    What are key features of this property?
    This property features: 82-key TownePlace Suites by Marriott hotel in Clute, TX.; 59,261 square foot building on a 2.17-acre lot (C-2 zoning).; Built in 2001, renovated in 2007.
    Request Owner's contact information
    1003 Tx-332 Clute, TX 77531
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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
    1003 Tx-332 Clute, TX 77531
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