400 Walcott StJefferson, TX 75657

Property Details for 400 Walcott St

Year built

1985

Property size (Sq ft)

27,732 SF

Property type

Other commercial real estate

APN

17885

APU

17885

Description

This exceptional 64-unit hotel in Jefferson, Texas, presents a compelling investment opportunity. Located off Highway 59, this two-story, 2023-renovated property boasts 63 keys and 63 beds, currently operating as an OYO Hotel. The property offers a strong current NOI of $262,894, with a pro-forma NOI projected at $400,000, yielding a 7.00% cap rate. The asking price is $1,450,000, representing a price per key of $25,396.83. The property includes an on-site apartment, ideal for owner-operators or property managers. Its prime location near tourist attractions like Caddo Lake and the Jefferson Railway ensures consistent occupancy. The property's multi-family conversion potential offers significant upside, making it an attractive investment for both hospitality and real estate investors. The property is offered at 100% ownership and is in excellent condition, ready for immediate operation. This turnkey operation presents a rare opportunity to acquire a high-cash-flow asset with significant growth potential in a thriving Texas market. The property is classified as Class C and is sold as an owner/user investment. The building consists of one structure with a total of 64 units.

Location Insight

City

Jefferson

County

Marion

State

Texas

Latitude

32.7583

Longitude

-94.3543

Property Tax & Assessments

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