500 Kentucky St Floydada, TX 79235
- Hospitality properties
- 21,531 SF
- 19.92 lot acres
Current Use by Public Records
- American Star Inn / Motel / Rv Park
- Bunkhouse Motel / Motel / Hotel
Property Details for 500 Kentucky St
- Lot size
- 19.92 lot acres
- Property size
- 21,531 SF
- Property type
- Hospitality properties
Description
This exceptional Texas hospitality portfolio presents a compelling investment opportunity. Priced at $2,400,000, this established portfolio encompasses 21,531 square feet across three attractive Texas towns. The portfolio includes three motels, strategically expanded to incorporate 61 RV rental spaces and two single-family rental units, offering diversified income streams. With a total of 63 motel rooms, this property provides significant capacity for guests. The 19.92-acre lot offers ample space for future expansion or development. The property's strategic location near major transportation routes enhances accessibility and visibility, contributing to its strong potential for increased revenue and a high return on investment. The price per square foot is $111.47, reflecting a competitive value in the current market. This value-add opportunity is ideal for investors seeking a diversified hospitality portfolio with substantial growth potential. The existing infrastructure and established operations provide a solid foundation for immediate returns and long-term profitability. This is a rare opportunity to acquire a well-positioned and diversified hospitality portfolio in a growing Texas 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
- Floydada
- County
- Floyd
- State
- Texas
- Longitude
- -101.342
- Latitude
- 33.9824
