Current Use by Public Records
- Land
Property Details for 5108 I-27
- Property type
- Land
- Property subtype
- Hospitality properties
Description
Exceptional investment opportunity: The Howard Johnson hotel in Lubbock, Texas, presents a compelling acquisition prospect. This well-maintained property, located at 5108 I-27, Lubbock, TX 79412, offers 55 rooms within a 30,504 square foot building situated on a 1.58-acre lot. Constructed in 2010 and renovated in 2018, the hotel boasts modern amenities, catering to the needs of today's travelers. Its strategic location on I-27 ensures high visibility and convenient access, maximizing its potential for attracting guests. The Lubbock area demonstrates strong demographic trends, projecting population growth and increased household incomes in the coming years, further enhancing the property's long-term value. The asking price is $3,100,000, translating to a price per key of $69,073 and a price per square foot of $124.54. This represents a significant opportunity for investors seeking a profitable hospitality venture with substantial revenue-generating potential. The property's recent renovations and prime location combine to create a compelling investment case. This is a rare chance to acquire a well-established hotel in a thriving market.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Lubbock
- County
- Lubbock
- State
- Texas
- Longitude
- -101.846
- Latitude
- 33.5476
