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1615 US Highway 287 E
Vernon, TX 76384

Price Upon Request

Hotel For Sale  •  25,552 SF

Property Details

  • Property Type Hotel
  • Total Building Size 25,552 SF
  • Lot Size 1.63 AC
  • Building Class C
  • Year Built 1959
  • Zoning F1
30 Walk Score

Highlights

48 Units
Fully Renovated Former Best Western
2021 Room Revenue: $880,000 and Increasing
Highly Profitable: 2019 Net Operating Income was $442,316 (Cap Rate of 16%)
2 Hours from Dallas/Fort Worth, with Ample Truck/RV Parking Available
Excellent Opportunity for Owner-Operator with 2 Manager's Quarters

Major Tenants

Tenant SF Occupied Lease End Date
Hotel Vernon

Amenities

  • Business Center
  • Pool
  • Restaurant
  • Shuttle Service

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 48
Type: Surface
Included in Rent: Yes