For Sale
$1,250,000

158 County RdVerhalen, TX 79772

Profitable 18-unit motel in Pecos, TX

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional investment opportunity presents a thriving 18-unit motel situated on a spacious 7.66-acre lot in Pecos, Texas. Built in 2017, this property boasts 9,220 square feet and features 15 single units and 3 double units, all fully furnished. An on-site manager's office/home and two storage buildings are included. The property currently generates a strong NOI of $100,000, resulting in an 8% cap rate. Further enhancing its potential, two additional units are slated for completion this year, projected to increase gross monthly rent by $6,000. Conveniently located in an Opportunity Zone, this motel offers significant upside potential. The property benefits from ample space for expansion, with readily available power, water, and sewer services. City water provides robust 61 psi pressure. This turnkey operation presents a rare chance to acquire a well-established, income-producing asset with significant growth prospects. Detailed financials are available upon request. The property address is 158 County Rd 404, Pecos, TX 79772.

Highlights

  • Asking Price: $1,250,000
  • Property Type: 21-room motel in Pecos, Texas, offering an 8% cap rate and $100,000 NOI.
  • Building Details: 18 buildings totaling 9,220 square feet on a 7.66-acre lot, built in 2017. Includes a manager's office/home, laundry room, and two storage buildings.
  • Investment Highlights: Owner/user opportunity in a Texas Opportunity Zone. Expansion potential with readily available utilities. Two additional units planned for construction this year, increasing gross rent by $6,000 per month.

Property Details for 158 County Rd

Property type
Hospitality properties, Motels
Square Feet
9,220 SF
Year Built
2017
Buildings
18
Stories
1
Lot Size (sq. ft)
333,670 SF

Location Insight

City
Verhalen
County
Reeves
State
Texas
Latitude
31.4294646
Longitude
-103.5241278
158 County Rd, Verhalen, Texas

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158 County Rd
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