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
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 | Building Size | 54,800 SF |
Property Subtype | Hotel | No. Stories | 4 |
Building Class | C | Year Built/Renovated | 2010/2016 |
Lot Size | 1.81 AC | Corridor | Interior |
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.
Links
PROPERTY TAXES
Parcel Number | D0109010100 | Improvements Assessment | $4,824,518 |
Land Assessment | $473,064 | Total Assessment | $5,297,582 |
PROPERTY TAXES
zoning
Zoning Code | C (Commercial) |
C (Commercial) |
Learn More About Investing in Hospitality Properties
Listing ID: 18395368
Date on Market: 2/3/2020
Last Updated:
Address: 601 W Thompson St, Decatur, TX 76234
The Hospitality Property at 601 W Thompson St, Decatur, TX 76234 is no longer being advertised on LoopNet.com. Contact the broker for information on availability.