For Sale
$399,000

205 Broadway St Fritch, TX 79036

20-Key Motel, Great Investment

Overview

Added:
Dec 11, 2024
Days on market:
133
This Fritch, Texas motel presents a compelling investment opportunity. The 20-key, two-story property, built in 1965, boasts 8,912 square feet on a 33,585 square foot lot. Located at 205 E Broadway St, Fritch, TX 79036 (APN 11880), it benefits from high visibility and significant daily traffic. The property includes on-site maintenance and offers ample parking (25 spaces). Currently operating as a motel, the property has a commercial zoning permit and presents potential for revenue growth through increased occupancy and rate adjustments. The asking price is $399,000 ($19,950 per key). This owner-user investment opportunity allows for flexible revenue streams and caters to various guest types. Potential improvements include enhanced marketing, property updates, and operational streamlining to maximize profitability. The property is being sold as-is.

Highlights

  • $399,000 asking price for a 20-key motel in Fritch, Texas.
  • 8,912 square foot, two-story building on a 33,585 square foot lot.
  • Built in 1965, with 25 parking spaces.
  • Currently operating as an owner-user investment opportunity with a price per key of $19,950.
  • Located at 205 E Broadway St, Fritch, TX 79036, with high visibility and traffic counts.

Property Details for 205 Broadway St

Property type
Hospitality properties, Motels
Square Feet
8,912 SF
Year Built
1965
Buildings
1
Stories
2

Location Insight

City
Fritch
County
Hutchinson
State
Texas
Latitude
35.645981552834
Longitude
-101.59208298474

FAQs

What type of property is this?
Hospitality property - 20-Key Motel, Great Investment
Where is the hospitality property located?
The property is located at 205 Broadway St Fritch, TX.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: $399,000 asking price for a 20-key motel in Fritch, Texas.; 8,912 square foot, two-story building on a 33,585 square foot lot.; Built in 1965, with 25 parking spaces.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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205 Broadway St
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