6030 I-40 Amarillo, TX 79106
- Hospitality properties
- 27,525 SF
Current Use by Public Records
- Hospitality properties
Property Details for 6030 I-40
- Year built
- 1980
- Property size
- 27,525 SF
- Property type
- Hospitality properties
- Property subtype
- Hotels
Description
This exceptional Amarillo, Texas hotel presents a prime investment opportunity. The Relax Inn, located at 6030 I-40 West, boasts 92 keys within a 27,525 square foot building, offering a compelling return on investment. Built in 1980 and extensively renovated in 2023, the property features a modern and attractive design, ready for immediate occupancy. The hotel is zoned HC, allowing for flexible commercial use. Its strategic location in Amarillo, near I-40, places it conveniently close to major transportation routes, medical facilities, and historic Route 66, attracting both business and leisure travelers. The property benefits from its proximity to Albuquerque, Oklahoma City, Dallas, and Denver, making it an ideal stopover for those traveling between larger cities. Furthermore, the area hosts numerous corporate conventions and school sporting tournaments, providing consistent occupancy potential. The asking price is $2,900,000, representing a 3.5X GRM. Ample parking is available for guests and staff. This fully renovated hotel presents a rare opportunity to acquire a well-maintained asset in a thriving market, with potential for strong returns. The property offers 100% ownership.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Amarillo
- County
- Potter
- State
- Texas
- Longitude
- -101.933
- Latitude
- 35.1869
