205 Broadway St Fritch, TX 79036
- Hospitality properties
- 8,912 SF
Current Use by Public Records
- Lonestar Inn & Suites / Hotel
- Cammy hoover / Motel
Property Details for 205 Broadway St
- Year built
- 1965
- Property size
- 8,912 SF
- Property type
- Hospitality properties
- Property subtype
- Motels
Description
This Fritch, Texas motel presents a compelling investment opportunity. The 20-key, two-story property, built in 1965, boasts 8,912 square feet on a 33,585 square foot lot. Located at 205 E Broadway St, Fritch, TX 79036 (APN 11880), it benefits from high visibility and significant daily traffic. The property includes on-site maintenance and offers ample parking (25 spaces). Currently operating as a motel, the property has a commercial zoning permit and presents potential for revenue growth through increased occupancy and rate adjustments. The asking price is $399,000 ($19,950 per key). This owner-user investment opportunity allows for flexible revenue streams and caters to various guest types. Potential improvements include enhanced marketing, property updates, and operational streamlining to maximize profitability. The property is being sold as-is.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Fritch
- County
- Hutchinson
- State
- Texas
- Longitude
- -101.592
- Latitude
- 35.646
