For Sale
$450,000
335 Shelby St Carthage, TX 75633
- Added:
- Dec 11, 2024
- Days on market:
- 133
Highlights
- 13-unit motel with a 1-bedroom house on-site, currently 100% occupied with weekly tenants; average monthly rent per room: $930-$1200.
- Recently remodeled and meticulously maintained; priced to sell, including building, inventory, and improvements. Sold AS IS; NDA, proof of funds, and valid ID required for financial statements.
- Strong cash flow with upside potential under new ownership (since April 2024). Ideal for first-time hospitality buyers or investors seeking conversion to multi-family.
- Conveniently located within 45 minutes of Margaritaville and Horseshoe Casino. Near UT Health and major employers including ExxonMobil, Baker Hughes, Chesapeake Energy, DCP, Chevron, and Tyson Foods. Situated in a charming small town.
- Highest and best offers considered. Agent/owner; contact 832-438-6292 for information. Tours by appointment only.
Property Details for 335 Shelby St
- Property type
- Hospitality properties, Motels
- Square Feet
- 18,550 SF
- Class
- C
- Year Built/Renovated
- 1957/2024
- Buildings
- 1
- Stories
- 1
- Units
- 14
Location Insight
- City
- Carthage
- County
- Panola
- State
- Texas
- Latitude
- 32.1520124
- Longitude
- -94.3361842
Nearby Similar for Sale
FAQs
- Where is the hospitality property located?
- The property is located at 335 Shelby St Carthage, TX.
- What is the asking price?
- The asking price for this property is $450,000.
- What are key features of this property?
- This property features: 13-unit motel with a 1-bedroom house on-site, currently 100% occupied with weekly tenants; average monthly rent per room: $930-$1200.; Recently remodeled and meticulously maintained; priced to sell, including building, inventory, and improvements. Sold AS IS; NDA, proof of funds, and valid ID required for financial statements.; Strong cash flow with upside potential under new ownership (since April 2024). Ideal for first-time hospitality buyers or investors seeking conversion to multi-family.
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