Property summary
This exceptional 73-key hotel presents a compelling investment opportunity in Lubbock, Texas. Located at 5310 Englewood Ave, Lubbock, TX 79424, this three-story property boasts 139,833 square feet situated on a 2-acre lot. Built in 2004, the hotel offers a contemporary design and ample parking with a ratio of 0.86 spaces per 1000 square feet. The asking price is $5,999,000, representing a price per key of approximately $82,192. This established hotel is strategically positioned in a high-growth area of Lubbock, offering significant potential for return on investment. The property's size and location make it an attractive option for both seasoned investors and those seeking to enter the hospitality market. The building class is C. This turnkey operation provides immediate income potential and the opportunity to capitalize on the thriving Lubbock market. Detailed financial information and operational data are available upon request. Don't miss this chance to acquire a well-established hotel in a dynamic Texas city.
Property profile
VerifiedCap rate & NOI
Current use
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Electric Vehicle Charging Station
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University
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Hotel & Motel
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
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from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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