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1024 N Center St
New Boston, TX 75570

Quality Inn New Boston · Hospitality Property For Sale · 23,028 SF

PROPERTY FACTS

Property Type Hospitality
Property Subtype Hotel
Building Class C
Lot Size 2.27 AC
Building Size 23,028 SF
No. Stories 2
Year Built/Renovated 1994/2016
Parking Ratio 3.86/1,000 SF
Corridor Exterior

Amenities

  • Business Center
  • Pool
  • High Speed Internet Access
  • Patio
  • Meeting Event Space
  • Public Access Wifi
  • Smoke-Free
  • Hot Tub

About 1024 N Center St , New Boston, TX 75570

Americas Best Value Inn New Boston, Texas, is a 49-room, exterior corridor, limited service hotel. This property was constructed in 1993, and is a two-story hotel. It features a restaurant, an outdoor pool, a business center, a meeting room, and laundry facilities. Free continental breakfast, free Wi-Fi in public areas, and free self parking are also provided. All 49 rooms boast jetted tubs and offer free Wi-Fi, flat-screen TVs, microwaves, refrigerators, irons with ironing boards and hair dryers. In 2016, the owner renovated 35 of the 49 rooms to include new mattresses, bed frames, ceramic tile flooring, toilets, and art work. The seller is currently in the process of renovating the remaining 14 guest rooms and it is expected the upgrades will be finished prior to completion of sale. The hotel generated more than $575k in room revenue during 2014 and 2015. Due to major renovations, the room revenue during 2016 declined as several rooms were out of order. The seller's projected room revenue for 2017 is more than $650k. The revenue generated during January and February 2017 are already higher than the same period last year. New Boston is a city in Bowie County, Texas, which is part of the Texarkana, Texas - Texarkana, Arkansas Metropolitan Statistical Area. Americas Best Value Inn New Boston is situated 26 miles west of Texarkana Regional Airport, and is 150 miles east of Dallas, Texas. This motel is 1.2 miles from Trail Head Park and two miles from Tapp Park. Oak Grove Golf Club is 5.1 miles away.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
26140022300
Land Assessment
$249,700
Improvements Assessment
$1,450,300
Total Assessment
$1,700,000

zoning

Zoning Code C
C
  • Listing ID: 6008634

  • Date on Market: 2/24/2017

  • Last Updated:

  • Address: 1024 N Center St, New Boston, TX 75570

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