3612 Amarillo Blvd, Amarillo, TX 79107
24 Room Hotel | Amarillo, TX 79107 | $600,000 ($25,000/Room) | 25% Cap Rate
For Sale
Active
Asking Price $600,000
- Property Type
-
Hospitality
- Square Feet
- 8,916 SF
Listing Contacts
Property Overview
Amazing Investment Opportunity!! Don't miss your chance to own the historic Sundown Motel on the old Route 66! This motel opened in 1944 under the name Pantex Courts. The Sundown Motel is a small, one story, vintage motel that serves not only nightly guests, but some long term tenants as well. With 23 rooms, plus 3 additional rooms used as storage, AND an Owner's Suite...There is money to be made here!! With all the rooms rented at the current rates and occupancy, monthly income is well over $15,000. This was the site of the Jame's Courts in the late 40s and early 50s. Highest and best use would be tear down and redevelop, or convert to long term apartment rental. Please do NOT go onto the property unaccompanied or without an appointment.
Property Details
- Class
- C
- Year Built
- 1953
- Stories
- 1
- Property Subtype
- Hotel
- Lot Size (sq. ft)
- 26,572 SF
- Units
- 24
Nearby Properties
Similar Properties
FAQ
- How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
- Please email our support team at [email protected] and they will add the team member.
- How do I access a private listing?
- Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
- How can I contact the broker
- We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
- What is the difference between Tier 1 & Tier 2 in the Due Diligence Vault?
- Documents that are placed in a Tier-1 Due Diligence vault require the execution of a Confidentiality Agreement (“CA”) for access. Documents and folders placed in the Tier-2 vault are intended to have an added layer of security and require the execution of a CA in addition to required Broker approval for access.
- How do I unsubscribe from emails?
- At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].