12 Oaks Motel 3100 W Northwest Loop 323 40 Room Hotel Tyler, TX 75702 $2,877,940 CAD ($71,948 CAD/Room)
INVESTMENT HIGHLIGHTS
- Corner Lot
- Immediately off of NW Loop 323
- Located near Caldwell Zoo and Rose Garden Center
- Situated on approximately 1 acre of land.
EXECUTIVE SUMMARY
Corner lot hotel with Built 1971
Exterior Renovation: 2011
Interior Renovation: 2014
40 Rooms (29 x Kings Single Room, 8 x Queen Double Beds, 3 Full Double Beds)
3 Buildings
2 Floors
4 Storage Rooms
1 Laundry Room (2 Washer & 2 Dryer)
1 Guest Laundry Area (2 Washer & Dryer)
1 Ice Machine
Living Apartment 4-5 Bedroom/4 full bathrooms and ½ bath, including 1
handicap bathroom downstairs)
Lot Size (Approx 1 Acre)
Exterior Renovation: 2011
Interior Renovation: 2014
40 Rooms (29 x Kings Single Room, 8 x Queen Double Beds, 3 Full Double Beds)
3 Buildings
2 Floors
4 Storage Rooms
1 Laundry Room (2 Washer & 2 Dryer)
1 Guest Laundry Area (2 Washer & Dryer)
1 Ice Machine
Living Apartment 4-5 Bedroom/4 full bathrooms and ½ bath, including 1
handicap bathroom downstairs)
Lot Size (Approx 1 Acre)
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
PROPERTY FACTS
| Price | $2,877,940 CAD |
| Price Per Room | $71,948 CAD |
| Sale Type | Investment |
| Sale Condition | Business Value Included |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 1.07 AC |
| Building Size | 18,812 SF |
| No. Rooms | 40 |
| No. Stories | 2 |
| Year Built/Renovated | 1971/2014 |
| Parking Ratio | 2.13/1,000 SF |
| Corridor | Interior |
| Opportunity Zone |
Yes |
AMENITIES
- Outdoor Pool
- Smoke Detector
ABOUT 3100 W NORTHWEST LOOP 323 , TYLER, TX 75702
Corner lot hotel built in 1971, with exterior renovations completed in 2011 and interior updates in 2014. The property features 40 guest rooms, including 29 King Single Rooms, 8 Queen Double Bed Rooms, and 3 Full Double Bed Rooms. Comprised of three buildings across two floors, the hotel includes: 4 storage rooms 1 laundry room with 2 washers and 2 dryers 1 guest laundry area with 2 washers and 1 dryer 1 ice machine Additionally, the property offers a spacious living apartment with 4-5 bedrooms, 4 full bathrooms, and a half bath, including a handicap-accessible bathroom on the ground floor.
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Guest Room | 40 | $77.70 CAD | - |
1 of 1
PROPERTY TAXES
| Parcel Number | 1-50000-1238-00-007020 | Improvements Assessment | $1,290,760 CAD |
| Land Assessment | $134,598 CAD | Total Assessment | $1,136,503 CAD |
ZONING
| Zoning Code | c2 (Commercial) |
CONTACT
-
Ravi Hazari - 12 Oaks Motor Hotel LLC
