Budget Inn | 1213 E US Highway 80
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Budget Inn 1213 E US Highway 80
16 Room Hotel Mineola, TX 75773 $533,250 CAD ($33,328 CAD/Room) 12.50% Cap Rate
Executive Summary
Prime investment opportunity sitting on 2.5 acres just outside of city limits
Endless opportunities with this investment
Independent Motel
Endless opportunities with this investment
Independent Motel
Property Facts
| Price | $533,250 CAD | Lot Size | 2.44 AC |
| Price Per Room | $33,328 CAD | Building Size | 11,325 SF |
| Sale Type | Investment | No. Rooms | 16 |
| Cap Rate | 12.50% | No. Stories | 1 |
| Sale Conditions | Business Value Included | Year Built/Renovated | 1965/2020 |
| Property Type | Hospitality | Parking Ratio | 1.77/1,000 SF |
| Property Subtype | Hotel | Corridor | Exterior |
| Building Class | C |
| Price | $533,250 CAD |
| Price Per Room | $33,328 CAD |
| Sale Type | Investment |
| Cap Rate | 12.50% |
| Sale Conditions | Business Value Included |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 2.44 AC |
| Building Size | 11,325 SF |
| No. Rooms | 16 |
| No. Stories | 1 |
| Year Built/Renovated | 1965/2020 |
| Parking Ratio | 1.77/1,000 SF |
| Corridor | Exterior |
Amenities
- High Speed Internet Access
- Public Access Wifi
About 1213 E US Highway 80 , Mineola, TX 75773
Renovations were made three years ago, including flooring, tile, and bathroom upgrades. A new roof was installed six years ago. This business includes an owner's suite. The living area includes 3 bedrooms, 2 bathrooms, 2 living rooms, 1 kitchen, and 1 office. 16 total rooms are for rent.
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Guest Room | 16 | $89.59 CAD | - |
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PROPERTY TAXES
| Parcel Number | R14493 | Improvements Assessment | $166,518 CAD |
| Land Assessment | $63,541 CAD | Total Assessment | $230,059 CAD |
PROPERTY TAXES
Parcel Number
R14493
Land Assessment
$63,541 CAD
Improvements Assessment
$166,518 CAD
Total Assessment
$230,059 CAD
zoning
| Zoning Code | Commercial |
| Commercial |
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Budget Inn
Budget Inn | 1213 E US Highway 80
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