909 66th St Lubbock, TX 79412-4101
- Motels
- 45,144 SF
- 2.99 lot acres
Jul 14, 2022
Current Use by Public Records
- Motel 6 Lubbock, TX / Motel / Hotel
- Studio 6 Lubbock, TX / Hotel / Extended Stay Hotel
Property Details for 909 66th St
- Year built
- 1979
- Lot size
- 2.99 lot acres
- Property size
- 45,144 SF
- Zone code
- 38
- Property type
- Motels
- APN
- R45716
- APU
- R45716
Description
This exceptional investment opportunity presents a dual-branded hotel in Lubbock, Texas, boasting 171 keys – 122 Motel 6 and 49 Studio 6 units. Strategically located at the intersection of I-27, SE Loop 29, and Hwy 84, this property enjoys unparalleled access to major transportation arteries. Its proximity to Lubbock Airport (10 miles), Silent Wings Museum (10 miles), and Texas Tech University (5 miles) – the sixth largest university in Texas – ensures consistent occupancy. The 68,674 square foot property sits on a 2.99-acre lot and features two stories, built in 1979, with F1 zoning. The asking price is $4,950,000, translating to $72.08 per square foot and $28,947 per key. The Studio 6 brand, launched in January 2024, is a significant revenue generator, adding to the already strong performance of the Motel 6 units. The 2023 room revenue was $1,496,141, offering a compelling 3.3x multiplier on the asking price. Lubbock, the 10th largest city in Texas with a population of 266,873, serves as a thriving economic, educational, and healthcare hub for the surrounding region, further solidifying this property's investment potential. This property offers significant upside for a new owner, capitalizing on Lubbock's robust growth and the dual-brand appeal.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Lubbock
- County
- Lubbock
- State
- Texas
- Longitude
- -101.846
- Latitude
- 33.5338
- CBSA code
- 31180
- CBSA name
- LUBBOCK, TX METROPOLITAN STATISTICAL AREA
