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Search Land - 25 Room Motel - Kermit, TX

25 Room Motel - Kermit, TX

$1,150,000
239 Highway 302, Kermit, TX
Status: Active
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Property Type
Acreage
Commercial Acreage
Acreage
0.95 acres
County
Winkler, TX
Format
Sale
Features
Owner Financing
List Date
Jan 21, 2024
Documents
N/A
Description
The 25-room motel is formerly known as the West Travel Inn. It is conveniently located on HWY 302 in one of the highest traffic areas of town within 1-mile of Pizza Hut, Sonic, Dairy Queen, Lowes Grocery, Dollar General, Tractor Supply, Pilot Truck Stop, and Loves Truck stop. Based on traffic counts and oil production in the areas you really need this investment ASAP! The price keeps increasing based on renovations so hurry and make us a deal! Owner financing available with 20% down. Owner is willing to finance if terms are good. Current renovations include metal roof on front building and new awning, repair replace doors, plumbing repairs, new cat walk with stairway, Interior paint and drywall, new kitchenettes, new cabinets, toilets, vanities, new AC wall units purchased. The target date for completion of all renovations and to begin occupancy is Aug 31.
Listing Agent
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Thomas Johnston
Co-Op Member Owner
The Real Estate Ranch, LLC
Midland, Texas
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RLI
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