925 Highway 332 | Lake Jackson, TX 77566
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925 Highway 332
Lake Jackson, TX 77566
Clarion Pointe Lake Jackson · Hospitality Property For Sale · 40,000 SF
Investment Highlights
- Fee simple interest in the lender-owned, 131-room Clarion Inn & Suites Lake Jackson TX offered at a substantial discount to replacement cost.
- Ability to exit the Choice system to rebrand to another flag or potentially convert to an alternative use.
- Proximate to all broader area demand including Dow Chemical Company, Phillip 66, Freeport LNG, and Port Freeport.
- Available unencumbered of debt and management with the ability to retain the Clarion flag for a new license upon completion of the PIP.
- Situated adjacent to and directly visible from TX Highway 332 with nearly 50,000 vehicles passing the location daily.
- Significant operational upside for new ownership with hotel foreclosed in September 2020.
PROPERTY FACTS
| Property Type | Hospitality | No. Stories | 2 |
| Property Subtype | Hotel | Year Built | 1979 |
| Building Class | C | Parking Ratio | 3.6/1,000 SF |
| Lot Size | 3.05 AC | Corridor | Interior |
| Building Size | 40,000 SF |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 3.05 AC |
| Building Size | 40,000 SF |
| No. Stories | 2 |
| Year Built | 1979 |
| Parking Ratio | 3.6/1,000 SF |
| Corridor | Interior |
Amenities
- Business Center
- Fitness Center
- Pool
- High Speed Internet Access
- Patio
- Public Access Wifi
- Smoke-Free
- Fully-Equipped Kitchen
PROPERTY TAXES
| Parcel Number | 2115-0108-000 | Improvements Assessment | $4,622,780 |
| Land Assessment | $777,220 | Total Assessment | $5,400,000 |
PROPERTY TAXES
Parcel Number
2115-0108-000
Land Assessment
$777,220
Improvements Assessment
$4,622,780
Total Assessment
$5,400,000
zoning
| Zoning Code | C-1 |
| C-1 |
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