2233 Vine St Colorado City, TX 79512
- Hotels
Current Use by Public Records
- Hotels
Property Details for 2233 Vine St
- Year built
- 2009
- Property type
- Hotels
Description
This 24-key Motel 6 in Colorado City, Texas, presents a compelling investment opportunity. Built in 2009, this two-story, single-building hotel is offered at $585,000, or $24,375 per key. The property boasts oversized guest rooms, each equipped with a kitchenette, offering significant appeal to a wide range of travelers. Conveniently located off Interstate 20, the hotel enjoys excellent visibility and accessibility. A manager's suite with direct access to the front desk is included. The property's current configuration as a nationally franchised economy hotel offers immediate revenue potential, but its adaptability is a key advantage. The property could be operated independently, or potentially converted into an extended-stay facility or even apartments, providing future owners with considerable flexibility. Limited renovation costs are anticipated, making this a particularly attractive proposition. Furthermore, the property is considered a strong candidate for Small Business Administration (SBA) financing, simplifying the acquisition process for many investors. This represents a significant discount to replacement cost, making it an exceptional value in the Texas hospitality market. The property's location and features make it an ideal acquisition for both first-time hotel owners and experienced operators seeking a strong return on investment.
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
- Colorado City
- County
- Mitchell
- State
- Texas
- Longitude
- -100.86285058639
- Latitude
- 32.410690088752
