1216 Interstate Highway 30
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1216 Interstate Highway 30
101 Room Hotel Greenville, TX 75402 $1,100,000 ($10,891/Room)
Investment Highlights
- Well-positioned property with a promising foundation into a thriving residential asset in a high-demand location.
- Comes with city-submitted plans for a 71-unit multi-family development, allowing for a streamlined path from purchase to build-out.
- High visibility off I-30.
Executive Summary
Discover a rare investment property with excellent structural integrity (good bones) and prime potential, ideally located with high visibility off I-30. This property has been rezoned and approved for multi-family development, presenting an exceptional opportunity to bring a new residential community to a well-connected area. The property comes with city-submitted plans for a 71-unit multi-family development, allowing for a streamlined path from purchase to build-out. With proximity to major highways, commuters and residents alike will benefit from convenient access to nearby amenities and services. This is an ideal site for investors or developers looking to create a high-occupancy, modern residential community. Seize this opportunity to transform a well-positioned property with a promising foundation into a thriving residential asset in a high-demand location.
Property Facts
| Price | $1,100,000 | Building Size | 59,541 SF |
| Price Per Room | $10,891 | No. Rooms | 101 |
| Sale Type | Investment | No. Stories | 2 |
| Property Type | Hospitality | Year Built | 1983 |
| Property Subtype | Hotel | Parking Ratio | 1.58/1,000 SF |
| Building Class | C | Corridor | Exterior |
| Lot Size | 3.09 AC |
| Price | $1,100,000 |
| Price Per Room | $10,891 |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 3.09 AC |
| Building Size | 59,541 SF |
| No. Rooms | 101 |
| No. Stories | 2 |
| Year Built | 1983 |
| Parking Ratio | 1.58/1,000 SF |
| Corridor | Exterior |
Amenities
- Pool
- Restaurant
- Meeting Event Space
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Guest Room | 101 | $55.00 | - |
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PROPERTY TAXES
| Parcel Number | 46044 | Improvements Assessment | $0 |
| Land Assessment | $299,550 | Total Assessment | $299,550 |
PROPERTY TAXES
Parcel Number
46044
Land Assessment
$299,550
Improvements Assessment
$0
Total Assessment
$299,550
zoning
| Zoning Code | Multi-Family (Multifamily/Commercial) |
| Multi-Family (Multifamily/Commercial) |
-
Dominique Horn -
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1216 Interstate Highway 30
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