1991 N Stagecoach Rd, Salado, TX 76571
- Commercial real estate
- 53,394 SF
- 7.06 lot acres
Current Use by Public Records
- Holiday Inn Express Salado-Belton, an IHG Hotel / Hotel & Motel
Property Details for 1991 N Stagecoach Rd
- Year built
- 2005
- Lot size
- 7.06 lot acres
- Property type
- Commercial real estate
- APN
- 346767
- APU
- 346767
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Nov 1, 2022 | — | Salado Hospitality Investments LLC | Trishna Hospitality Investments LLC | Venders Lien | $2M · American Bank NA |
| — | — | Salado Hospitality Invs LLC | — | Loan Modification · related | $3.2M · Interbank |
Description
This exceptional commercial land offering presents a unique investment opportunity along the heavily trafficked I-35 corridor in Salado, Texas. The property, located at 1991 N Stagecoach Rd, boasts convenient access from I-35, representing the first intersection for northbound I-35 exit. FM 2484 terminates at the property after the I-35 overpass, providing excellent accessibility. Lot sizes range from 0.5 to 3.7 acres. The site benefits from exceptional visibility to both northbound and southbound I-35 traffic, with a daily count of 77,946 vehicles passing. This high-traffic location is further enhanced by its adjacency to two national hotel brands totaling 120 rooms, and its proximity to Salado Youth Sports fields. The property's strategic position within the Austin-Dallas I-35 corridor, a vital artery for commerce, is underscored by the corridor's significant economic impact. In 2019, this corridor facilitated $79.5 billion in international trade, and it is part of the Texas Freight Corridors, responsible for moving over $1.4 trillion in goods annually. Further bolstering the long-term prospects, $4 billion has been allocated for expansion and improvements to the I-35 corridor over the next decade. This presents a rare opportunity to capitalize on the robust growth and high traffic volume of this key Texas location. The property is situated in Bell County, Texas, zip code 76571.
Value Estimations
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $5,188,000
Market price range: $3.58M - $11.8M
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Salado
- County
- Bell
- State
- Texas
- Longitude
- -97.5272
- Latitude
- 30.9627
- CBSA code
- 28660
- CBSA name
- KILLEEN-TEMPLE-FORT HOOD, TX METROPOLITAN STATISTICAL AREA
