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Linda Peterson

[email protected] +1(817) 829-3000

$1,050,000

Est. payment - /mo

1 Acres Lot

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Key Details

Property Type Commercial

Sub Type Hotel/Motel

Listing Status Active

Purchase Type For Sale

MLS Listing ID 21186201

Total Fin. Sqft 12188

Year Built 1950

Annual Tax Amount $4,905

Lot Size 1.000 Acres

Acres 1.0

Property Sub-Type Hotel/Motel

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.

Location

State TX

County Knox

Zoning Commercial

Direction Located off Main Street on the North. Marked with sign to say City Motel.

Interior

Heating Central, Other

Cooling Central Air, Wall Unit(s), Wall/Window Unit(s), Window Unit(s), Other

Flooring Carpet, Ceramic Tile, Laminate, Other

Heat Source Central, Other

Exterior

Utilities Available Asphalt, City Sewer, City Water, Electricity Available

Roof Type Flat,Metal

Garage No

Building

Lot Description Acreage

Foundation Slab

Structure Type Stucco,Other

Others

Special Listing Condition Aerial Photo

Virtual Tour https://www.propertypanorama.com/instaview/ntreis/21186201

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North Texas Real Estate Info Systems (NTREIS) -MetroTex and Collin County (CCAR)

Listed by Bridget Guess • HCR Realty LLC

Nearby School & Business

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Linda Peterson

+1(817) 829-3000

Broker Associate - Realtor | License ID: 0386837

Broker Associate - Realtor License ID: 0386837

1100 E Main Street Knox City, TX 79529

Linda Peterson

Key Details

Location

Interior

Exterior

Building

Others

Nearby School & Business

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