108 FM 1821 | Mineral Wells, TX 76067
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108 FM 1821
Mineral Wells, TX 76067
Econo Lodge Mineral Wells · Hospitality Property For Sale · 19,200 SF
Investment Highlights
- Priced at $44,000 Per Key
- Underperforming Market RevPAR for Running 12 Months at 75.5% RGI
- Highway visibility and easy access
- Ideal asset size for Owner/Operator
- Opportunity to increase Average Daily Rate (ADR and RevPAR by 20%-30%
PROPERTY FACTS
| Property Type | Hospitality | No. Stories | 2 |
| Property Subtype | Hotel | Year Built/Renovated | 1966/2017 |
| Building Class | C | Parking Ratio | 2.81/1,000 SF |
| Lot Size | 1.88 AC | Corridor | Exterior |
| Building Size | 19,200 SF |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 1.88 AC |
| Building Size | 19,200 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1966/2017 |
| Parking Ratio | 2.81/1,000 SF |
| Corridor | Exterior |
Amenities
- High Speed Internet Access
- Public Access Wifi
PROPERTY TAXES
| Parcel Number | 5245 | Improvements Assessment | $1,003,220 |
| Land Assessment | $315,080 | Total Assessment | $1,318,300 |
PROPERTY TAXES
Parcel Number
5245
Land Assessment
$315,080
Improvements Assessment
$1,003,220
Total Assessment
$1,318,300
zoning
| Zoning Code | F1 |
| F1 |
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