226 Coleman St - Historic ( Marlin Hilton / Falls Hotel)
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226 Coleman St - Historic ( Marlin Hilton / Falls Hotel)
56,000 SF Specialty Building Offered For Sale in Marlin, TX 76661
Investment Highlights
- Best Use: Multi-family/Senior Living, or Office/Retail
- Tax Abatements Available
- City Utilities Available
- Business Fiber Service Available
Executive Summary
This eight-story, brick hotel was the eighth hotel in the Hilton chain which was built in 1929. The once glamorous hotel, the tallest building in Marlin, TX, had 110 hotel rooms, with a pool, spa, ball room, and even a underground tunnel that connected to the Marlin Sanitarium Bath House which was across the street. Not long after the hotel was built, it was bought by the National Hotel Company and was operated as the Falls Hotel. In 1969, it was purchased and renovated into small apartments.
The building is approximately 56,000 sqft. with a lot size of 40,815.72 sqft. The best use for this property would be to reposition the property into Multifamily/Senior Living, or Office/Retail.
Nearest Highways:
Highway 6 - 2 Miles
Highway 7 - 2.2 Miles
Nearest Airports:
Marlin Municipal Airport - 3 Miles
Waco Regional Airport - 35 Miles
Austin International - 115 Miles
The building is approximately 56,000 sqft. with a lot size of 40,815.72 sqft. The best use for this property would be to reposition the property into Multifamily/Senior Living, or Office/Retail.
Nearest Highways:
Highway 6 - 2 Miles
Highway 7 - 2.2 Miles
Nearest Airports:
Marlin Municipal Airport - 3 Miles
Waco Regional Airport - 35 Miles
Austin International - 115 Miles
Property Facts Under Contract
| Sale Type | Investment | Lot Size | 0.94 AC |
| Sale Conditions | Building Size | 56,000 SF | |
| Property Type | Specialty | No. Stories | 8 |
| Property Subtype | Lodge/Meeting Hall | Year Built | 1929 |
| Sale Type | Investment |
| Sale Conditions | |
| Property Type | Specialty |
| Property Subtype | Lodge/Meeting Hall |
| Lot Size | 0.94 AC |
| Building Size | 56,000 SF |
| No. Stories | 8 |
| Year Built | 1929 |
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PROPERTY TAXES
| Parcel Number | 28041 | Improvements Assessment | $429,835 CAD |
| Land Assessment | $25,004 CAD | Total Assessment | $454,839 CAD |
PROPERTY TAXES
Parcel Number
28041
Land Assessment
$25,004 CAD
Improvements Assessment
$429,835 CAD
Total Assessment
$454,839 CAD
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226 Coleman St - Historic ( Marlin Hilton / Falls Hotel)
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