1157 W Bypass 287,Alvord, TX 76255
Alvord, TX 76255
Description
Incredible opportunity to own 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. 287 is about to be I47- Trump Highway. Current traffic count is approximately 50,000 per day.
Details
| MLS # | 21171739 |
|---|---|
| Listing Type | For Sale |
| Style | Hotel/motel |
| Building Name | Trusted Stay Motel |
| Sub-Type | Resale |
| 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 | Ceiling Fan(s), Central Air |
|---|---|
| Heating | Central |
Exterior
| Roof | Composition |
|---|---|
| Construction Materials | Brick, Siding |
| Foundation Details | Slab |
Parking
| Parking Features | Additional Parking, Concrete, Driveway |
|---|
Utilities
| Utilities | Cable Available, City Sewer, City Water |
|---|
Area Information
| State | TX |
|---|---|
| County | Wise |
| City | Alvord |
| Zip Code | 76255 |
| Area | Wise |
| Listing VS Median (in 76255) | |
Price: $2,500,000 low | high Med: $247,500 sqft: 9,295 low | high Med: 1,404 $ / sqft: $269 low | high Med: $180 On site: 200 low | high Med: 107.5 | |
Market Activity 76255
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Learn More About This Property
| State | TX |
|---|---|
| County | Wise |
| City | Alvord |
| Zip Code | 76255 |
| Area | Wise |
| Listing VS Median (in 76255) | |
Price: $2,500,000 low | high Med: $247,500 sqft: 9,295 low | high Med: 1,404 $ / sqft: $269 low | high Med: $180 On site: 200 low | high Med: 107.5 | |
