Econo Lodge

2010 Lomas Del Sur Laredo, TX 78046

2010 Lomas Del Sur, Laredo, TX, 78046
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FOR SALE
Property Type:
Motel
Amount:
$5,750,000
Last Verified:
Mar 19, 2024

Highlights

  • 83 Rooms arranged over 3 Floors
  • 100% smoke-free
  • Laredo International Airport - 4.6 mi
  • Nearby Shopping at the Outlet Shoppes at Laredo - 10 min drive
  • Texas A&M International University nearby
  • The Mexican border is within driving distance
  • The Laredo Center for the Arts and Laredo Arena are nearby
  • The Port of Laredo is the number 1 port in the nation among more than 450 airports, seaports, and border crossings with $320 billion in total trade.
  • Offered at current Cap Rate - 9%
  • Offered at $69,300 per room

Description

Discover an exceptional investment opportunity in the heart of Laredo, Texas! This immaculate hotel, featuring 83 rooms spread across two floors, is meticulously designed for comfort and convenience. Boasting a 100% smoke-free environment, guests can indulge in a pristine atmosphere. Strategically situated just 4.6 miles from Laredo International Airport and a short drive from the renowned Outlet Shoppes at Laredo, its location ensures maximum accessibility and attraction. With Texas A&M International University nearby and easy access to the Mexican border, the hotel appeals to a diverse range of guests.

Furthermore, its proximity to cultural landmarks such as the Laredo Center for the Arts and Laredo Arena adds to its allure. Positioned in close proximity to the Port of Laredo, the nation's premier port, this investment promises immense potential with $69,300 per room. Don't miss out on this golden opportunity to own a slice of Laredo's thriving hospitality industry!

Located in the vibrant heart of South Texas, Laredo offers a unique blend of cultural richness and modern amenities. Just minutes away from Juarez-Lincoln International and Quetzalcóatl International Airports, the city boasts seamless connectivity. With attractions like the Laredo Convention Center and the Lamar Bruni Vergara Planetarium within easy reach, entertainment and education are always close at hand. Laredo International Airport further enhances accessibility, ensuring smooth travel experiences for residents and visitors alike. Nestled near the picturesque Killam Lake Number 2, outdoor enthusiasts can enjoy serene natural surroundings.

Additionally, the city's close proximity to the Mexican border adds to its allure, offering opportunities for cross-cultural experiences. With Texas A&M International University nearby, Laredo fosters a vibrant academic community. Cultural aficionados will appreciate the nearby Laredo Center for the Arts and Laredo Arena, making Laredo a dynamic destination for all.


Year Built: 2007
Building Size: 37009sq ft
Lot Size: 1.56 acres


Documents

Sale Brochure

Map of 2010 Lomas Del Sur, Laredo, TX, 78046

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.