1802 Overland TrlAbilene, TX 79601

Property Details for 1802 Overland Trl

Year built

2001

Lot size

2.48 AC

Property size (Sq ft)

40,950 SF

Property type

Other commercial real estate

APN

31280000600

APU

31280000600

Description

This exceptional 66-room Holiday Inn Express in Abilene, Texas, presents a compelling investment opportunity. Boasting 40,950 square feet across three stories, this fee-simple property sits on a 2.48-acre lot and was built in 2001, with renovations completed in 2019. The hotel is zoned for commercial use and benefits from a prime location near Interstate 20 and Abilene Regional Airport, ensuring convenient access for guests and employees. Abilene's robust economy, driven by government, education, healthcare, and manufacturing, provides a strong market for hospitality. The property's strong performance, reflected in its occupancy, ADR, and REVPAR, positions it favorably within the local competitive set. The asking price of $8,500,000 represents a compelling value, particularly given the minimal capital expenditure required. This represents a significant opportunity for a new owner to implement operational improvements and enhance revenue generation strategies. The property's location near major employers like Dyess Air Force Base, Hendrick Health System, and several universities further strengthens its appeal. The surrounding area is characterized by a strong community spirit, creating a favorable environment for business growth. This turnkey operation offers immediate income potential with significant upside for a savvy investor. The property is offered unencumbered by management agreements or debt, providing complete operational control to the new owner.

• Alternative Use

  Use

  Valuation

  Residential

  $12,913,006

  Hospitality

  $11,828,244

  Educational

  $9,840,960

  Medical

  $10,179,406

  Retail

  $15,308,160

Location Insight

City

Abilene

County

Taylor

State

Texas

Latitude

32.4762

Longitude

-99.695

CBSA code

10180

CBSA name

ABILENE, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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