1312 Service Rd Sonora, TX 76950-1818

Property Details for 1312 Service Rd

Lot size

3.11 lot acres

Property size

108,076 SF

Property type

Commercial real estate

APN

100109

APU

100109

Description

This exceptional 99-key Econo Lodge hotel in Sonora, Texas, presents a compelling value-add investment opportunity. The property boasts 27,194 square feet across two buildings and two stories, situated on a 3.105-acre lot. Built in 1970 and renovated in 2013, the hotel features exterior corridors and offers convenient access for guests. Currently operating under the Choice Hotels brand, the property generates a Net Operating Income (NOI) of $181,012, representing a 6.53% capitalization rate at an asking price of $2,770,000. This translates to a price per key of $27,979.80. The hotel benefits from a prime location at mile marker 400 on Interstate Highway 10, strategically positioned halfway between the Florida and California coastlines and halfway across Texas, on US Hwy 277. This location is part of the Ports-to-Plains International Trade Corridor, facilitating access to major transportation routes and trade partners. The property is zoned C and includes on-site meeting and conference space, catering to both transient travelers and local events. While the 2020 performance was impacted by the pandemic, the hotel's strategic location and established brand affiliation position it for strong future growth. The property is offered for sale by owner and presents a rare chance to acquire a well-located, established hospitality asset with significant upside potential.