1157 W BYPASS 287, ALVORD, TX 76255
Homes for sale in Alvord.
Homes for sale in 76255.
List Price$3,500,000
1157 W Bypass 287
Alvord, TX 76255
Listing #21171739
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.
Schools
Walk Score
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