1100 E Main St, Knox City, TX 79529

$1,050,000

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List Price
$1,050,000
MLS#
21186201
Status
ACTIVE
Type
Commercial
Subtype
CommercialSale
Year Built
1950
Construction Status
Preowned
Acres
1
County
Knox
City
Knox City
Subdivision
none

Property Description

Motel Room Mix (21 Total Units)City Motel in Knox City is a well-maintained 21 unit hospitality property offering multiple income streams and excellent highway visibility. The motel features a diverse mix of room types, including king rooms, double bed units, kitchenettes, and a spacious three-bedroom suite, with all rooms equipped with microwaves and refrigerators. Recent upgrades, such as a new roof, updated hot water heaters, high-speed Wi-Fi, new mattresses, and a modern security camera system, enhance both guest comfort and operational efficiency. The property also includes six fully serviced RV spaces with 50,30,20 amp hookups, a large lot suitable for semi-truck parking, and on-site living quarters consisting of a three-bedroom, two-bathroom apartment connected to the office. Additional amenities include guest laundry, commercial laundry equipment, an ice machine, and newly installed solar panels that contribute to long-term energy savings. A large attached commercial space offers excellent potential for future expansion. With streamlined operating expenses and strong annual income, the property delivers an attractive return on investment, making it a compelling opportunity for both owner-operators and investors seeking stable cash flow with room to grow. Contract the Listing Agent for more details.

Additional Information

Unexempt Taxes
$4,905
Tenant Pays
None
Lot Size
43,560
Acres
1
Flooring
Carpet, Tile, Laminate, Other
Foundation
Slab
Roof
Flat, Metal
Building Stories
1
Parking Garage
Additional Parking, On Site, Rv/Boat Parking
Possession
CloseOfEscrow
Business Name
City Motel
Proposed Use
Hotel/Motel
Inclusions
Business, Furniture, Inventory, Land & Improvements

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
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Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Bridget Guess from HCR Realty LLC. Contact: 940-864-8109