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- LoopNet Team
206 S Cedar St
Borger, TX 79007
Best Western Borger Inn · Hospitality Property For Sale · 33,401 SF
Investment Highlights
- Two-Story, 60-Room, Midscale Hotel Built in 2001
- Excellent Location near Borger Business Park, Phillips 77, Nutrien AG, and Franks Phillips College; Forty-Five Minutes from Amarillo
- Recently Completed Renovation – Minimal PIP Expected for New Investor
- Priced Below Replacement Cost at $61,667 Per Key
- Offers Significant Upside to Increase Room Revenue to be Competitive with the Market
- Property Exhibiting Strong Increasing Revenues in 2021
PROPERTY FACTS
Property Type | Hospitality | No. Stories | 2 |
Property Subtype | Hotel | Year Built/Renovated | 2001/2015 |
Building Class | B | Parking Ratio | 1.67/1,000 SF |
Lot Size | 1.90 AC | Corridor | Interior |
Building Size | 33,401 SF |
Property Type | Hospitality |
Property Subtype | Hotel |
Building Class | B |
Lot Size | 1.90 AC |
Building Size | 33,401 SF |
No. Stories | 2 |
Year Built/Renovated | 2001/2015 |
Parking Ratio | 1.67/1,000 SF |
Corridor | Interior |
Amenities
- Business Center
- Fitness Center
- Pool
- High Speed Internet Access
- Public Access Wifi
- Smoke-Free
- Hot Tub
About 206 S Cedar St , Borger, TX 79007
Property Overview: The Best Western Borger Inn is a 60-room, two-story hotel that was built in 2001. The common areas feature a lobby, breakfast area, business center, fitness center, indoor swimming pool, indoor hot tub, cold weather hook-ups, two guest laundromats, ice and vending machines. The guest rooms include a flat-screen television, sitting area, microwave, refrigerator, sofabed, ergonomic chair with desk, and select rooms include a jacuzzi tub. Location Overview: Borger, Texas in located in the panhandle of the state and less than an hour from Amarillo. The region’s industries include oil and gas, heavy industrial manufacturing, petrochemicals, plastics, data centers, retail trade, and many others. The Best Western Borger Inn is located on 206 South Cedar Street near the interchange of Highway 207, Highway 136, and Highway 152. The region is in the phase one stage of the Borger Business Park (3.5 miles), lead by Borger Inc. which is over 120 acres for commercial development. The city invested $34 million to expand available water supply for new and existing industry, and $6 million in incentives have been paid directly to businesses by Borger Inc. in the last decade. Phillips 77 (2.5 miles), Parks and Recreation Wildlife (50.1 miles), and Nutrien AG (3.5 miles) are business demand generators in the region. Franks Phillips College (0.9 miles) is an additional market driver in the city and offers academics, workforce and safety training. The college hosts community choir events, theater productions, and scholastic events year-round.
Links
PROPERTY TAXES
Parcel Number | 98583 | Improvements Assessment | $2,194,530 |
Land Assessment | $0 | Total Assessment | $2,194,530 |
PROPERTY TAXES
zoning
Zoning Code | B-2 |
B-2 |
Learn More About Investing in Hospitality Properties
Listing ID: 23750737
Date on Market: 7/22/2021
Last Updated:
Address: 206 S Cedar St, Borger, TX 79007