For Sale
$17,999,900

6107 Justice AveLubbock, TX 79424

Modern Hotel, High ROI Potential

Overview

Added:
Dec 11, 2024
Days on market:
117
This exceptional 107-key Holiday Inn in Lubbock, Texas, presents a compelling investment opportunity. Built in 2019, the hotel boasts 118,248 square feet on a 4.78-acre lot, providing ample space and 123 parking spaces for guests. The property benefits from a prime location in Lubbock County, with strong population density and high median household incomes within a 5-mile radius. Specifically, the 2023 population estimates are 6,276 within 1 mile, 84,324 within 3 miles, and 182,656 within 5 miles, with median household incomes ranging from $71,174 to $76,161. The asking price is $17,999,900, representing a competitive price per key of $164,485. This turnkey operation offers immediate revenue generation and significant long-term growth potential in a thriving Texas market. The property is situated at 6107 Justice Ave, Lubbock, TX 79424. This represents a rare chance to acquire a well-established, high-performing hotel in a robust economic environment. The property's modern design and convenient amenities ensure a comfortable and enjoyable stay for guests, contributing to its strong occupancy rates and profitability. This is a truly exceptional opportunity for discerning investors seeking a stable and lucrative hospitality investment.

Highlights

  • 107-key Holiday Inn in Lubbock, TX, built in 2019.
  • 118,248 sq ft on a 4.78-acre lot with 123 parking spaces.
  • Prime Lubbock County location with strong demographics; high population density and median household income within a 5-mile radius.
  • Asking price: $17,999,900 ($164,485 per key).
  • Turnkey operation with immediate revenue and long-term growth potential.

Property Details for 6107 Justice Ave

Property type
Hospitality properties, Hotels
Year Built
2019
Lot Size (sq. ft)
208,217 SF

Location Insight

City
Lubbock
County
Lubbock
State
Texas
Latitude
33.5377006
Longitude
-101.9499861
6107 Justice Ave, Lubbock, Texas

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6107 Justice Ave
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