Published on: Friday, February 16, 2024
Updated on: Thursday, March 20, 2025
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About the Lister
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Name: Eric Cortez
Company: NAI Rio Grande Valley
Office Phone: 956.994.8900
Cell Phone: 956.731.4410
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I69E & FM 508 Combes Texas , 78535
I69E & FM 508 Combes Texas , 78535  NAI Rio Grande Valley
Listing ID: CL-Texas-12547

Purchase Option

Acquisition Option: Traditional Purchase
Cap Rate (%): Contact Lister
Net Operating Income: Contact Lister
Commission Split (%): 0
Quick Glance
Listing ID: CL-Texas-12547
Status: Price not Disclosed
Financing: Third Party Financing
Occupancy: N/A
Year Build: N/A
Building Size: N/A SqFt
Lot Size: 72.00 Acre
No of Stories: N/A
No of Parking: N/A
Offer to Millionaire Club: No
Business Available for Sale: No
Is Net Lease Investment: No
Property On Ground Lease: No
Building Status: Existing
Listing Summary
This newer Hampton Inn was opened in late 2016, and has been a very nice revenue producer since opening. It is located in the east side of McPherson, near most of the new development in town, and within walking distance to many restaurants and newer retail outlets, including a Walmart Supercenter. McPherson College and Mcpherson Museum & Foundation are nearby. Interstate I-135, is a quarter of a mile away, and is a heavily traveled central KS interstate, which connects I-70 at Salina to I-35 in Wichita. Love’s has recently opened one of its larger travel plazas at the same I-135 interchange.
Complete Details
Year Build: N/A
Building Size: N/A
No of Stories: N/A
Total Lot Area: 72 Acre
No of Parking: N/A
No of Total Units: N/A
Property Current Status: Normal Sale
Building Status: Existing
Heating and Cooling: Not Specified
Building Class: Not Specified
Property on Ground Lease?: No
Net Lease Investment?: No
Business Price Included?: No
Roofing: Not Specified
Occupancy: 0%
Full Description

Opened late 2016 Priced 30% below today’s new construction costs, even after a modest “refresh” PIP is completed. Attractive revenue and cash flow Manageable Refresh PIP anticipated 4 stories Very popular kitchenette suites Smoke free Strong commercial location, near I-135 Rated #1 of 8 hotels in the market on TripAdvisor, ahead of newer a Fairfield Inn & Suites and a BW Plus, and a Holiday Inn Express Fitness Center Meeting Room

Listing Location
Lister's other Properties
Title: Flag Point Inn & Suites Pratt, KS
Address: 1705 Maple St. , Cullison Kansas 67124
Listing ID: CL-Kansas-10249
Listing Type: Commercial
Category: Lodging and Hospitality - Bed and Breakfast
Status: Sold
Created On: 2/16/2024
Modified On: 3/20/2025
1705 Maple St. , Cullison Kansas 67124
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