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Silver Spur Motel 4011 E Amarillo Blvd

21 Room Hotel Amarillo, TX 79107 $475,000 ($22,619/Room) 13.60% Cap Rate

Executive Summary

Seize this incredible investment opportunity with the Silver Spur Motel, strategically located on the high traffic
Amarillo Blvd. Boasting exceptional visibility and access, this property benefits from heavy daily traffic counts,
making it a prime spot for travelers, business visitors, and long-term tenants.
Property Highlights:
High Visibility: Located directly on Amarillo Blvd with constant exposure to local and through-traffic. On-Site
Maintenance: The property currently features on-site maintenance personnel, ensuring prompt service and
upkeep, with the potential to enhance operational efficiency. Ample Upside Potential: Current vacancy rate
offers room for improvement by over 25%, unlocking significant revenue growth opportunities. Flexible
Revenue Streams: Opportunity to increase daily and weekly rates, capturing additional income and
maximizing ROI. Versatile Appeal: Cater to a range of guests, from short-term travelers to long-term residents,
with competitive pricing and room upgrades.
Potential Enhancements:
Revamp Marketing Strategy: Increase visibility online and through local partnerships to attract more
bookings.
Property Updates: Enhance amenities to command higher rates and build customer loyalty.
Operational Improvements: Streamline management for better efficiency and profitability.
Whether you're an experienced hotelier or a savvy investor, the Silver Spur Motel is a turnkey property with
untapped potential in a prime, high-traffic location. On-site maintenance ensures seamless operations while
offering flexibility for future improvements. Inquire Today!

Property Facts

Price $475,000
Price Per Room $22,619
Sale Type Investment
Cap Rate 13.60%
Property Type Hospitality
Property Subtype Hotel
Building Class C
Lot Size 0.48 AC
Building Size 7,175 SF
No. Rooms 21
No. Stories 1
Year Built 1954
Parking Ratio 3.07/1,000 SF
Corridor Exterior

Amenities

  • High Speed Internet Access
  • Public Access Wifi

Room Mix Information

Description No. Rooms Daily Rate SF
Guest Room 21 $56.00 -

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
R-018-0100-3100-0
Land Assessment
$20,909
Improvements Assessment
$111,455
Total Assessment
$132,364

zoning

Zoning Code I1
I1
  • Listing ID: 34007613

  • Date on Market: 11/26/2024

  • Last Updated:

  • Address: 4011 E Amarillo Blvd, Amarillo, TX 79107

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