1175 Watson RdArlington, TX 76011

Property Details for 1175 Watson Rd

Year built

1964

Lot size

2.20 AC

Property size (Sq ft)

26,009 SF

Property type

Motels

APN

A-113---8A-----20

APU

A1138A20

Description

This exceptional 72-room hotel presents a lucrative investment opportunity in Arlington's vibrant Entertainment District. Boasting a total of 124,504 square feet across three buildings, this property underwent a complete renovation in 2022, ensuring modern amenities and optimal functionality. The hotel features 52 rooms in the North building, including a manager's suite, and 20 rooms in the South building, each equipped with a kitchenette. Ample parking is available with 147 spaces, offering significant potential for future development on the existing 2.86-acre lot, which includes an adjacent 0.66-acre parking lot (1155 N Watson Rd). On-site amenities include two bars, a full kitchen and restaurant, dedicated meeting/event space, and an outdoor pool. The property is fully air-conditioned and situated in a high-demand area, benefiting from the significant foot traffic of the Entertainment District. The permitted zoning allows for continued operation within the Entertainment District, making this a truly unique and promising investment. With its prime location and recent renovation, this hotel is poised for continued success, especially with the upcoming 2026 World Cup. The motivated seller makes this an exceptional opportunity to acquire a thriving hospitality business in a rapidly growing market. The property is located at 1175 N Watson Rd, Arlington, TX 76011, within Tarrant County.

• CAP approach

  CAP return

  Valuation

  6%

  $5,657,177

  6.5%

  $5,222,010

  7%

  $4,849,009

• Comparable approach

  Method

  Valuation

  Relative Method

  $7,821,370

  Geo Method

  $18,299,062

• Alternative Use

  Use

  Valuation

  Residential

  $5,700,918

  Hospitality

  $5,222,010

  Educational

  $4,344,651

  Medical

  $4,494,070

  Retail

  $6,758,346

Location Insight

City

Arlington

County

Tarrant

State

Texas

Latitude

32.7652

Longitude

-97.0642

CBSA code

19100

CBSA name

DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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