216 SE Georgia, Sweetwater, TX

Hotel for Sale - $1,900,000 - 15,604 Sq. Ft. on 1.87 acres


Agent Info

Anthony Briguglio
Cross Country Commercial Realty

Property Info

CIMLS#1089511
Location
  216 SE Georgia
  Sweetwater TX 79556
UpdatedFebruary 26th, 2021
TypeHotel
Price$1,900,000
Building15,604 Sq. Ft.
Land1.87 acres

Attached Documents


Contact


Property Description

New Paint, bathrooms & parking lot

ADR: $49.00

Occupancy: 26%

Building Size: 15,604.16 Sq Ft

Lot Size: 1.871 Acre

Converted to an Econo-Lodge in 2019

Located right off Interstate 20

Across from Walmart Supercenter, Wendy’s, Whataburger & Rolling Plains

Memorial Hospital

8 miles from Lake Sweetwater Golf Course

8-minute drive from National Wasp WWII Museum

3.1 miles from Nolan County Coliseum Complex

2.9 miles from Newman Park


Financials

44 keys

2018 Sales Income:$581,415.27

2018 Gross Income:$513,439.41

2018 Expenses:$487,917

2018 NOI: $-25,522

2019 Sales Income:$364,936.33

2019 Gross Income:$332,816.38

2019 Expenses:$520,253

2019 NOI: $-187,437