3050 Catclaw Dr Abilene, TX 79606-1500

Property Details for 3050 Catclaw Dr

Year built

2008

Lot size

1.35 lot acres

Property size

41,292 SF

Property type

Commercial real estate

APN

13010000400

APU

13010000400

Description

This exceptional 72-key Candlewood Suites hotel in Abilene, TX, presents a compelling investment opportunity. Boasting 41,292 square feet across four stories, this fee-simple property sits on a 1.35-acre lot and was built in 2011. The asking price is $6,200,000, translating to $150.15 per square foot and $86,111.11 per key. Located at 3050 Catclaw Dr, Abilene, TX 79606, this hotel benefits from its proximity to major employers including Dyess Air Force Base, Abilene Regional Medical Center, and several universities. Abilene's robust economy, driven by healthcare, education, and manufacturing, provides a strong foundation for consistent occupancy. The hotel's strategic location near Interstate 20 and the Abilene Regional Airport ensures excellent accessibility. The property is zoned for commercial use and offers significant upside potential for a new owner to implement updated operational strategies and revenue management techniques. The February 2024 STR report indicates a T12 REVPAR of 70.85, showcasing the hotel's strong performance within its competitive set. This is a rare opportunity to acquire a dominant market asset in a thriving Texas city. The property is offered unencumbered by management agreements or debt, providing flexibility for the new owner. This represents a value-added transaction with considerable potential for increased profitability.