17550 Northwest Fwy Jersey Village, TX 77065
- Hospitality properties
- 29,156 SF
- 1.52 lot acres
Current Use by Public Records
- Key Replacement Houston TX / Hardware Store / Car Repair And Maintenance Service
- Quality Suites Houston Nw Cy-Fair / Hotel
- ATM / Atm
Property Details for 17550 Northwest Fwy
- Year built
- 1998
- Lot size
- 1.52 lot acres
- Property size
- 29,156 SF
- Property type
- Hospitality properties
- Property subtype
- Hotels
Description
This 54-key hotel, built in 1998, is situated on a 1.52-acre lot in Houston's Jersey Village (77065 zip code), at 17550 Northwest Fwy. The three-story, 29,156 square foot property presents a compelling investment opportunity. Currently operating, the hotel offers a new owner the chance to rebrand or continue with the existing franchise. A complete property improvement plan (PIP) is required, and the property is sold "as is, where is." The strong Houston market, with nearly 7 million residents and significant projected growth, makes this a particularly attractive investment. The property's land value is substantial, with a price per square foot of $66,081. The asking price for this established hotel is $4,300,000. The Houston-The Woodlands-Sugar Land metro area boasts a robust economy, ranking among the largest in the United States. This presents a unique chance to capitalize on a thriving market and a well-located hotel property. The buyer is responsible for completing the necessary PIP to enhance the property's operational efficiency and profitability. This is a turnkey opportunity for an investor seeking a foothold in a dynamic and expanding market.
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
- Jersey Village
- County
- Harris
- State
- Texas
- Longitude
- -95.5852
- Latitude
- 29.8918
