32 Unit Motel For Sale | Lux Inn and Suites

Highlights:

• Projected revenue for 2023 will reach near $500,000
• The property features a spacious 32-unit motel, providing a substantial opportunity for hospitality business.
• Constructed in 2012, this property comes fully equipped with up-to-date amenities, ensuring the capability to run a successful hospitality business.
• The presence of industry giants like Valero Energy Corporation and Statoil in the vicinity enhances the property's desirability and investment potential.
• Situated on Highway 281, with easy access to I-37, this property capitalizes on Three Rivers' historical association with the oil and gas industry.
• With a generous 2-acre land parcel, there is ample space for additional development, offering potential for expansion or diversification.

Description:

KW Commercial proudly presents this exquisite 32-unit motel. Situated on a 2-acre parcel, this property boasts ample room for future development. Constructed in 2012, it offers a full array of contemporary amenities essential for operating a thriving hospitality enterprise. Nestled along Highway 281, a pivotal conduit to the major I-37 freeway connecting San Antonio and Corpus Christi, this property benefits from Three Rivers' enduring association with the oil and gas sector. The area has a rich history with numerous oil wells and refineries, including the proximity of major industry players such as Valero Energy Corporation and Statoil. Their presence adds to the property's allure, making it even more desirable.

Furthermore, in close proximity lies Choke Canyon State Park, a haven for outdoor enthusiasts. The park beckons with activities such as camping, hiking, bird-watching, and fishing, making it a cherished attraction in this vibrant region.

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