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    1776 Grant St Roma, TX 78584

    For Sale
    $798,000

    Texas Hotel Investment Opportunity: $798,000

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional investment opportunity presents a 40,902.84 square foot land parcel in Roma, Texas, featuring the historic Roma Inn. Built in 1996, the property, currently not in operation and requiring repairs, is ideally situated near the Rio Grande River. Its location offers significant potential for redevelopment, given its rich cultural heritage and strategic position. The asking price is $798,000. The property is locally known as the Roma Inn and presents a unique chance to create a boutique motel or charming bed and breakfast. This is a compelling opportunity for investors seeking a project with significant upside potential. The seller is highly motivated and considering all offers. Owner financing is unavailable. The property is located at 1776 E Grant Street, Roma, TX 78584, in Starr County. This is a rare chance to acquire a piece of Texas history and transform it into a thriving hospitality business. The property's size and location make it an attractive investment for those with a vision for revitalizing this landmark. Serious inquiries are encouraged. The property is sold as-is.

    Property Features for 1776 Grant St

    General Information

    Property type
    Hotels

    Building Details

    Year Built
    1996

    HighLights

    • Asking price: $798,000.
    • Land and hospitality property, Commercial Hotel subtype.
    • Built in 1996.
    • 40,902.84 sq ft lot size.
    • Located at 1776 E Grant Street, Roma, TX 78584.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Hotels

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Roma
    County
    Starr
    State
    Texas
    Longitude
    -98.990736
    Latitude
    26.403253

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    FAQs

    What type of property is this?
    Hotel - Texas Hotel Investment Opportunity: $798,000
    Where is this hotel located?
    The property is located at 1776 Grant St Roma, TX.
    What is the asking price?
    The asking price for this property is $798,000.
    What are key features of this property?
    This property features: Asking price: $798,000.; Land and hospitality property, Commercial Hotel subtype.; Built in 1996.
    Request Owner's contact information
    1776 Grant St Roma, TX 78584
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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
    1776 Grant St Roma, TX 78584
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