This feature is unavailable at the moment.

We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.

Please check back in a few minutes. We apologize for the inconvenience.

- LoopNet Team

You must register your contact information to view secure information on this listing.
You must register your contact information to view secure information on this listing.
This Hospitality Property is no longer advertised on LoopNet.com.

601 W Thompson St
Decatur, TX 76234

Candlewood Suites Decatur Medical Center · Hospitality Property For Sale · 54,800 SF

Investment Highlights

  • Price below Replacement Value
  • Cash on Cash Return: 16.4%
  • 82 Kitchenette Suites
  • Current Actual Cap Rate 9.6%
  • Price per room: $48,719 per key

PROPERTY FACTS

Property Type Hospitality
Property Subtype Hotel
Building Class C
Lot Size 1.81 AC
Building Size 54,800 SF
No. Stories 4
Year Built/Renovated 2010/2016
Corridor Interior

Amenities

  • Business Center
  • Fitness Center
  • Pool
  • On-Site Retail
  • Meeting Event Space

About 601 W Thompson St , Decatur, TX 76234

The Candlewood Suites Decatur Medical Center is listed exclusively with Tabani Realty. The extended stay hotel has 82 rooms with interior corridors. The building has an overall living space of 54,800 SF across 4 floors in a single building. The hotel sits on 1.81 acres of land that is also included in the sale. The hotel opened in 2011 and was most recently renovated in 2015-2016. There is a minimal PIP for the new owner. Candlewood Suites Decatur has great guest reviews overall. The hotel offers many amenities for guests to enjoy. Each room comes with a fully equipped kitchenette that comes with dishes, cookware, a cook-top stove, a full-size refrigerator, microwave, dishwasher, coffeemaker, and dining table. The guestrooms also come with a living room with TV, DVD player, premium cable, and a work desk. For standard hotel amenities, there is a 24-hr Candlewood Cupboard, complimentary coffee, a gym, guest laundry facilities, business center, meeting space, outdoor pool, and an outdoor gazebo with grilling area. The location of the hotel is very convenient for those accessing the Wise Health System Hospital since it is only a quick 3 minute drive form the hotel. Also within a 5 minute drive is the town square where some of the best local shopping and dining is located.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
D0109010100
Land Assessment
$473,064
Improvements Assessment
$4,824,518
Total Assessment
$5,297,582

zoning

Zoning Code C (Commercial)
C (Commercial)
  • Listing ID: 18395368

  • Date on Market: 2/3/2020

  • Last Updated:

  • Address: 601 W Thompson St, Decatur, TX 76234

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, 'rating') }}
255 character limit ({{ remainingChars() }} characters remainingover)
{{ getErrorText(feedbackForm.msg, 'rating') }}
{{ getErrorText(feedbackForm.fname, 'first name') }}
{{ getErrorText(feedbackForm.lname, 'last name') }}
{{ getErrorText(feedbackForm.phone, 'phone number') }}
{{ getErrorText(feedbackForm.phonex, 'phone extension') }}
{{ getErrorText(feedbackForm.email, 'email address') }}