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1312 N Service Rd

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Address: 1312 N Service Rd, Sonora, TX 76950, USA

Texas + Hospitality

Created date: February 15, 2024

Date last updated: October 7, 2024

Offered at a current cap rate of 6.1%
Offered at $27,980 per key
Excellent highway access for the transportation of goods and services
Popular lodging choice among those traveling long distances
Strategically located at the intersection of I-10 and US-227
Profitable business (2020 decline due to pandemic)
Meeting room and conference space on site

Property Description

We are pleased to present Econo Lodge in Sonora, Texas, listed exclusively with Tabani Realty. The subject hotel has 99 guestrooms and is offered at $27,980 per key. The hotel is equipped with exterior corridors and guestrooms are spread across two floors. The overall building size is 27,194 SF and sits on 3.105 acres of land which is included in the sale. The motel is popular among transient visitors needing a place to stay along their route to a destination. Located at mile marker 400 on Interstate Highway 10, Sonora is exactly halfway between the Florida and California coastlines and exactly halfway across the State of Texas, between Beaumont and El Paso. Sonora is situated on U.S. Hwy 277 and is a member of the coalition of communities developing the north/south Ports-to-Plains International Trade Corridor connecting the United States and our major trading partners, Mexico and Canada.

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Key Property Information

Listing Status:	Unavailable
Listing Type:	Call for offers
Property Types:	Hospitality
Price:	$2,770,000
No. of Units:	99
Year Built:	1970
Lot Size:	3.11 Sq ft
Opportunity Zone:	No
Price per unit:	$27,980
Property Website	Click Here