200 49Th StTexarkana, AR 71854

This exceptional investment opportunity presents a 36,228 sq ft motel property in Texarkana, AR, situated on a 1.96-acre lot (APN 2610010). Currently undergoing conversion to apartments, this property boasts three buildings – two motel buildings and an office building – all strategically located off Interstate I-30 and State Line Avenue, ensuring high visibility and accessibility from both Texarkana, AR and TX. The motel buildings feature new roofs installed three years ago, showcasing recent investment and maintenance. The property's C-3 zoning allows for diverse uses, capitalizing on its prime location near popular businesses including Tractor Supply, Whiskey River Country, El Chico Cafe, and Wendy's. Built in 1965, this property offers a substantial footprint with significant upside potential for investors. The asking price is $1,700,000, with an occupancy date of June 6, 2024. This is a rare chance to acquire a well-positioned property in a thriving area with strong potential for future growth and returns.