1617 N Highway 87 | Lamesa, TX 79331
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1617 N Highway 87
Lamesa, TX 79331
Southern Inn & Suites Lamesa · Hospitality Property For Sale · 16,250 SF
Investment Highlights
- 42-Room, Exterior-Corridor, Limited-Service Hotel Built in 2014
- Located Within the Permian Basin, One of the Largest Sedimentary Basins in the United States
- On-site 2 Bedroom / 2 Bathroom Manager’s Apartment
- Priced Below Replacement Cost at $43,452 Per Key
- Strong Historical Net Operating Income
- Operational Upside for Hands-On Owner-Operator Experienced in Revenue Management
PROPERTY FACTS
| Property Type | Hospitality | Building Size | 16,250 SF |
| Property Subtype | Hotel | No. Stories | 1 |
| Building Class | C | Year Built | 2014 |
| Lot Size | 3.08 AC | Corridor | Exterior |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 3.08 AC |
| Building Size | 16,250 SF |
| No. Stories | 1 |
| Year Built | 2014 |
| Corridor | Exterior |
Amenities
- Pool
- Patio
About 1617 N Highway 87 , Lamesa, TX 79331
The Southern Inn & Suites Lamesa is a 42-room, one-story, independent-branded Hotel built in 2014. The common area amenities include a swimming pool, bar-b-que pits, and washer/dryer on site. Each guest room offers a flat-screen television, microwave, mini-refrigerator, and work desk.
PROPERTY TAXES
| Parcel Number | 15756 | Improvements Assessment | $1,419,860 |
| Land Assessment | $60,140 | Total Assessment | $1,480,000 |
PROPERTY TAXES
Parcel Number
15756
Land Assessment
$60,140
Improvements Assessment
$1,419,860
Total Assessment
$1,480,000
zoning
| Zoning Code | none |
| none |
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