1157 W BYPASS 287, ALVORD, TX 76255

Homes for sale in Alvord.

Homes for sale in 76255.


Active

List Price$3,500,000

1157 W Bypass 287

Alvord, TX 76255

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Listing #21171739

9,295

Square Feet

16

Number of Units

Commercial

Type

About This Property

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 office--both 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.

Property Features

Location Information

County

Wise

Subdivision

None

Interior Features

Has Fireplace

No

Floors

Carpet, Laminate

Heating

Central

Tenant Pays

None

Cooling

Central Air, Ceiling Fan(s)

Total Number of Units

16

Exterior Features

Construction

Brick

Lot Size in Sq. Ft.

27,791

Foundation

Slab

Possible Best Use

Hotel/Motel

Roof

Composition

Zoning

Hotel

Utilities

Cable Available, Sewer Available, Water Available

Building Total Area (Sq. Ft.)

9,295

Parking Description

Additional Parking, Concrete, Driveway

Is One Story

No

Lot Size in Acres

0.638

Additional Information

Year Built Details

Preowned

Status

Active

Property Type

COM

Exclusions

Minerals, if any.

Property SubType

Hotel/Motel

Lot Acres Source

Plans

Year Built

1983

Similar Listings

Mortgage Calculator

$16,344

per month

30 Year Fixed. 3.52% Interest Rate.

Principal + Interest

$12,612

Monthly Tax

$2,916

Monthly Insurance

$816

yrs

%

$

$

Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This program only provides an estimate.

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