foreclosure

Sale Notes – Taking All Bids

Redevelopment Opportunity on 4 acres with Frontage to i45 (253,000 Vehicles/day) – Main 6 Story Building consists of 105 rooms (~75,000sf). Lower buildings consist of approx 120 rooms. – Post Renovation Potential Annual Revenue (Main Building): 2,200,000 (105 rooms x 85$/night @ 70% occupancy). – Grandfathered Billboard (among tallest in the city w/i45 Frontage and 80feet height) -Developer will demo lower buildings to increase parking ratio and reduce initial capital requirements for Phase 1. Only main 6 story building to reamain (105 rooms ,75000 sf approx).  100% VACANT

For Sale

Price $4,750,000 suggested value
Price/Room $21,205
Sale Type Investment
Status Active
On Market 3 Days
Last Updated Feb 3, 2018

Building

Type 3 Star Hotel
Rooms 224
Stories 6
GBA 140,000 SF
Typical Floor 23,333 SF
Year Built 1970
Construction Steel
Sprinklers None
Parking 340 free Surface Spaces are available; 1.5 per Room
Taxes $117.03/Room (2013)
Walk Score®Somewhat Walkable (62)
Transit Score®Good Transit (61)

Land

Land Acres4.89 AC
Bldg FAR0.66
Land SF213,008 SF
ZoningNone

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