205 W Gibson St | Jasper, TX 75951
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205 W Gibson St
Jasper, TX 75951
Best Western Inn of Jasper · Hospitality Property For Sale · 24,344 SF
Investment Highlights
- 3.5X RRM – Property is priced at a fraction of replacement cost.
- Major Renovation Completed in 2021 – Current owner completed a PIP in September 2021, likely contributing to increasing revenues towards the end of Yr
- Underperforming Property / Strong upside – Property is doing around half the revenue per room of the Holiday Inn Express.
- Absentee Owned – Owner operates the property remotely, creating an opportunity for an owner operator.
PROPERTY FACTS
| Property Type | Hospitality | No. Stories | 1 |
| Property Subtype | Hotel | Year Built/Renovated | 1995/2019 |
| Building Class | B | Parking Ratio | 4.6/1,000 SF |
| Lot Size | 1.87 AC | Corridor | Exterior |
| Building Size | 24,344 SF |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 1.87 AC |
| Building Size | 24,344 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1995/2019 |
| Parking Ratio | 4.6/1,000 SF |
| Corridor | Exterior |
Amenities
- Business Center
- Pool
- High Speed Internet Access
- Patio
- Public Access Wifi
- Hot Tub
PROPERTY TAXES
| Parcel Number | 000008010700 | Improvements Assessment | $0 |
| Land Assessment | $186,716 | Total Assessment | $186,716 |
PROPERTY TAXES
Parcel Number
000008010700
Land Assessment
$186,716
Improvements Assessment
$0
Total Assessment
$186,716
zoning
| Zoning Code | Commercial |
| Commercial |
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