Description
Incredible opportunity to lease a well-known and established motel in Alvord, TX, located in Wise County just off Highway 287 Colorado Highway. Alvord is a growing community situated approximately 10 miles northeast of Decatur and about 50 miles north of Fort Worth, offering excellent visibility and convenient access for guests. Trusted Stay Motel features 16 remodeled en-suite rooms, many of which include kitchenettes with a sink, countertop burner, microwave, and compact refrigerator. Several rooms have been updated with modern walk-in showers, new flooring, fresh interior paint, and updated furnishings. The property accommodates nightly, weekly, and monthly stays. In addition to the motel rooms, the property includes a 900 sq ft condo and a 900 sq ft house currently used as the officeboth offering potential for owner or manager living quarters or additional rental income. The house also features a small fenced yard. With its strategic location, paved parking lot, ample parking, and grassy pet-friendly areas, this property offers endless possibilities. Potential uses include continuing motel operations, converting to senior housing, nonprofit housing, rehabilitation or recovery housing, or a variety of other residential or commercial purposes. This is a strong income-producing property in an area experiencing significant growth. North Texas continues to expand rapidly, and Alvord is poised for future development. Don’t miss the chance to secure this versatile investment opportunity while the town is still on the rise.
Details
| MLS # | 21171795 |
|---|---|
| Listing Type | For Lease |
| Style | Hotel/motel |
| Building Name | Trusted Stay Motel |
| Status | Active |
| Year | 1983 |
| Days On Site | 200 |
| Listing Provided By | AmeriPlex Realty, Inc. | Teresa Von Illyes |
Features
| SQ Feet | 9,295 |
|---|---|
| Story(s) | 2 |
| Zoning | Hotel |
| Acreage | 0.64 |
Interior
| Cooling | Central Air |
|---|---|
| Heating | Central |
Exterior
| Roof | Composition |
|---|---|
| Construction Materials | Block, Siding |
| Foundation Details | Slab |
Parking
| Parking Features | Additional Parking, Concrete, Parking Lot |
|---|
Utilities
| Utilities | Cable Available, City Sewer, City Water |
|---|
Area Information
| State | TX |
|---|---|
| County | Wise |
| City | Alvord |
| Zip Code | 76255 |
| Area | Wise |
| Community Name | Pinchback |
| Listing VS Median (in Pinchback) | |
Price: $20,000 low | high Med: $20,000 sqft: 9,295 low | high Med: 9,295 $ / sqft: $2 low | high Med: $2 On site: 200 low | high Med: 200 | |
Market Activity 76255
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Learn More About This Property
| State | TX |
|---|---|
| County | Wise |
| City | Alvord |
| Zip Code | 76255 |
| Area | Wise |
| Community Name | Pinchback |
| Listing VS Median (in Pinchback) | |
Price: $20,000 low | high Med: $20,000 sqft: 9,295 low | high Med: 9,295 $ / sqft: $2 low | high Med: $2 On site: 200 low | high Med: 200 | |
 | $2,500,0001157 W Bypass 287Alvord, TX 76255 |