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$3,500,000
Est. payment /mo
0.64 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Hotel/Motel
Listing Status Active
Purchase Type For Sale
MLS Listing ID 21171739
Total Fin. Sqft 9295
Year Built 1983
Lot Size 0.638 Acres
Acres 0.638
Property Sub-Type Hotel/Motel
Property Description
Incredible opportunity to own a well-known and established motel in Alvord, TX, located in Wise County just off Highway 287 “Colorado Highway”. Alvord is a growing community situated approximately 10 miles northeast of Decatur and about 50 miles north of Fort Worth, offering excellent visibility and convenient access for guests.
Trusted Stay Motel features 16 remodeled en-suite rooms, many of which include kitchenettes with a sink, countertop burner, microwave, and compact refrigerator. Several rooms have been updated with modern walk-in showers, new flooring, fresh interior paint, and updated furnishings. The property accommodates nightly, weekly, and monthly stays.
In addition to the motel rooms, the property includes a 900 sq ft condo and a 900 sq ft house currently used as the office—both offering potential for owner or manager living quarters or additional rental income. The house also features a small fenced yard.
With its strategic location, paved parking lot, ample parking, and grassy pet-friendly areas, this property offers endless possibilities. Potential uses include continuing motel operations, converting to senior housing, nonprofit housing, rehabilitation or recovery housing, or a variety of other residential or commercial purposes.
This is a strong income-producing property in an area experiencing significant growth. North Texas continues to expand rapidly, and Alvord is poised for future development. Don't miss the chance to secure this versatile investment opportunity while the town is still on the rise.
Trusted Stay Motel features 16 remodeled en-suite rooms, many of which include kitchenettes with a sink, countertop burner, microwave, and compact refrigerator. Several rooms have been updated with modern walk-in showers, new flooring, fresh interior paint, and updated furnishings. The property accommodates nightly, weekly, and monthly stays.
In addition to the motel rooms, the property includes a 900 sq ft condo and a 900 sq ft house currently used as the office—both offering potential for owner or manager living quarters or additional rental income. The house also features a small fenced yard.
With its strategic location, paved parking lot, ample parking, and grassy pet-friendly areas, this property offers endless possibilities. Potential uses include continuing motel operations, converting to senior housing, nonprofit housing, rehabilitation or recovery housing, or a variety of other residential or commercial purposes.
This is a strong income-producing property in an area experiencing significant growth. North Texas continues to expand rapidly, and Alvord is poised for future development. Don't miss the chance to secure this versatile investment opportunity while the town is still on the rise.
Location
State TX
County Wise
Zoning Hotel
Direction GPS works best from your location.
Interior
Heating Central
Cooling Ceiling Fan(s), Central Air
Flooring Carpet, Laminate
Heat Source Central
Exterior
Utilities Available Cable Available, City Sewer, City Water
Roof Type Composition
Garage No
Building
Foundation Slab
Structure Type Brick,Siding
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Virtual Tour https://www.propertypanorama.com/instaview/ntreis/21171739
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Listed by Teresa Von Illyes • AmeriPlex Realty, Inc.
NEARBY SCHOOL & BUSINESS
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