110 Main St Dilley, TX 78017
- Hospitality properties
- 5,530 SF
Current Use by Public Records
- Hospitality properties
Property Details for 110 Main St
- Year built
- 1997
- Property size
- 5,530 SF
- Property type
- Hospitality properties
- Property subtype
- Hotels
Description
This historic Dilley, Texas hotel, located at 110 S Main St, 78017, presents a compelling value-add investment opportunity. The property, known as the Hotel Dilley Grand, features 20 guest rooms and a separate one-bedroom apartment, offering potential for owner occupancy or additional rental income. Built in 1997 and extensively renovated in 2013 and 2024, the two-story, 5,530 square foot hotel sits on a 25,788 square foot lot and boasts a 13.06% pro-forma cap rate with a pro-forma NOI of $143,691. The current occupancy is 58%, projected to reach full capacity by July 10, 2024. Amenities include plush bedding, smart TVs, rain shower heads, high-speed Wi-Fi, ample parking (accommodating even large vehicles), a new security system, and a new exterior sign. All furnishings, the hotel website (hoteldilley.com), and active social media presence are included in the sale. The asking price is $1,100,000 ($198.92/sq ft, $55,000/key), with land value estimated at $75,000-$100,000 per acre. The property is zoned commercial and benefits from a steady stream of guests from highway traffic, oil companies, and work crews, presenting significant upside potential for revenue and NOI. This turnkey operation is ideal for hospitality investors seeking a charming, well-maintained property with modern operational features.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Dilley
- County
- Frio
- State
- Texas
- Longitude
- -99.1708
- Latitude
- 28.6691
