203 I-45 Madisonville, TX 77864
- Hospitality properties
- 2.00 lot acres
Current Use by Public Records
- Hospitality properties
Property Details for 203 I-45
- Year built
- 1988
- Lot size
- 2.00 lot acres
- Property type
- Hospitality properties
- Property subtype
- Hotels
Description
This fee-simple, 40-key Red Roof Inn in Madisonville, TX, is offered at $2,550,000 ($63,750/key). The two-story, 1988-built hotel underwent a complete renovation in 2023, including new paint, flooring, electrical, lighting, furniture, mattresses, bathroom fixtures, and more. Situated on two acres at 203 I-45, the property boasts high visibility and easy access off I-45, near US Highway 190, a corridor with nearly 35,000 vehicles in average daily traffic. Amenities include a picnic area, snack center, and limited bus/truck parking. An on-site three-bedroom owner's quarters is also included. Madisonville's strategic location at the intersection of major highways provides excellent access to Houston, Austin, Dallas, and College Station. The area's robust economy is driven by a large Buc-ee's, Lone Star Olive Ranch, Sam Houston State University, and Texas A&M University, along with local attractions like the Texas Mushroom Festival and Lake Madison Park. Nearby demand generators include the Madisonville Christmas Company, Madison County Museum, Fossil Tree Farm, and Fannin Parks Golf Course & Event Center. This presents a compelling investment opportunity in a thriving Texas market with strong potential for return.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Madisonville
- County
- Madison
- State
- Texas
- Longitude
- -95.8845
- Latitude
- 30.966
