Executive Inn

Hospitality for Sale
Catylist Listing ID: 30330608
Property Subtypes: Inn, Motel
Number of Units: 62 Units
Building Size (RSF): See Agent
Gross Building Area: See Agent
Gross Land Area: 1.45 SF
Sale Price: $2,100,000
Unit Price: $33,870.97 Per Unit
Ceiling: 10 ft.
Property Use Type: Business
Building Name: Executive Inn
Sale Terms: Other
Cap Rate: 0.09%
Last Updated: 9/13/2018

Overview / Comments

This property fronts Central Texas Expressway (I-14) and has good access and visibility.
This property has multiple room types and has daily, weekly, and monthly rates:

Studio $42.00 night;

1 Bdrm Suite $50.00 night,
$280.00 Wk,
$1,000.00 Mo;

2 Bdrm Suite $60.00 night,
$330.00 Wk,
$1,100.00 Mo

3 Bdrm, 2 bath $75.00 night,
$420.00 Wk,
$1,400 Mo

"B" Unit 1 Bdrm - $37.00 night
$210.00 Wk,
$700.00 Mo.

Additional Details

Nearest MSA: Killeen-Temple
County: Bell
Zoning: B-3
Retail Clientele: Family, Traveler, Convention
Property Located Between: W.S. Young Drive and Trimmier
Property Visibility: Excellent
Largest Nearby Street: Interstate 14, Central Texas Expressway
Feet of Frontage: 275
Traffic/Vehicle Count: 83,500
Highway Access: I-14
Airports: Killeen Municpal Airport
Site Description: This property fronts Central Texas Expressway (I-14) and has good access and visibility.
Total Number of Buildings: 1
Number of Stories: 2
Property Condition: Excellent
Year Built: 1976
Year Renovated: 2014
Roof Type: Gable
Construction/Siding: Brick, Stucco
Water Recreation: Outdoor Pool
Total Parking Spaces: 50
Parking Type: Surface
Parking Description: Asphalt parking lot on north side of building
Sprinklers: None
Laundry: Shared
Heat Type: Electricity
Heat Source: Wall Units
Air Conditioning: Window Unit
Internet Access: Cable
Zoning Description: B-3
Lot Frontage: 275
Lot Depth: 250.45
Water Service: Municipal
Sewer Type: Municipal
Easements: Utilities
Easements Description: Utility Easements around property lines
Land Ownership: 100% owned
Legal Description: A0150BC W H COLE, 701-4-4, N OF HWY, LEXINGTON APTS & BUSINESS PERSONAL PROPERTY, ACRES 1.447

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 12,301 99,594 167,734
Median Age: 31.38 28.32 27.45
Households: 5,252 38,360 58,799
The information presented herein is provided as is, without warranty of any kind. Neither Catylist nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.