1715 I-35 Gainesville, TX 76240
- Hospitality properties
- 29,250 SF
- 1.80 lot acres
Current Use by Public Records
- Hospitality properties
Property Details for 1715 I-35
- Year built
- 2007
- Lot size
- 1.80 lot acres
- Property size
- 29,250 SF
- Property type
- Hospitality properties
- Property subtype
- Hotels
Description
This fee-simple, four-story Comfort Suites hotel in Gainesville, Texas presents a compelling investment opportunity. Built in 2007 and extensively renovated in 2021, this 29,250 square foot property boasts 72 keys and is situated on a 1.8-acre lot at 1715 I-35. The hotel offers a range of amenities including a fitness center, market center, meeting space, and an indoor pool, catering to a diverse clientele. Located in Cooke County, this asset benefits from its proximity to the Dallas/Fort Worth Metroplex, approximately 65 miles from both Dallas and Fort Worth. The property's strategic location within the Denton-Gainesville submarket, coupled with its proximity to major thoroughfares (US Route 82 and Interstate 35), ensures high visibility and accessibility. The asking price is $8,000,000, translating to $273.50 per square foot and $111,111.11 per key. This turnkey operation presents minimal post-acquisition improvement needs, making it an attractive option for owner-users seeking a profitable hospitality investment in a rapidly growing area. The area's economic strength is further bolstered by the presence of Safran Seats USA LLC, a major employer in Gainesville, and the proximity to the WinStar World Casino, a significant tourist attraction drawing visitors from a wide radius. This combination of factors positions this hotel for continued success and strong returns.
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
- Gainesville
- County
- Cooke
- State
- Texas
- Longitude
- -97.1581
- Latitude
- 33.642
