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1175 N Watson Road

Arlington, TX 76011
  • $8,500,000
  • STATUS: Active
  • MLS #: 20007849
UPDATED: 119 min ago
$8,500,000
  • 0
    BEDS
  • 2.2
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Commercial
Built:
1964
County:
Area:

School Ratings & Info

Offered by Adam Noss of Fathom Realty: 888-455-6040.

Description

Located in the Arlington Entertainment District, this 72 room hotel features an upstairs and downstairs bar and lounge area, swimming pool, laundry facilities, full kitchen, and underwent extensive renovations in 2019 and 2020. The two bar and lounge areas have great income potential and can be rented for concerts, karaoke, meetings, receptions, etc. This is a great opportunity to own a profitable hotel or to redevelop the 2.19 acres that the property sits on. Hotel is centrally located to restaurants, Cowboy Stadium, Globe Life Field, and is in the heart of Arlington. Owner finance option available. Additional acreage may be available next to hotel if interested.

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© 2022 North Texas Real Estate Information Systems. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or NewHomePrograms.com. The data relating to real estate for sale or lease on this web site comes in part from NTREIS. Real estate listings held by brokerage firms other than NewHomePrograms.com are marked with the NTREIS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2022-11-29T23:44:31.24.
www.newhomeprograms.com/homes/126591207
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1175 N Watson Road Arlington, TX 76011

  • Price: $8,500,000
  • Status: Active
  • On Site: Days
  • Updated: 119 min ago
  • MLS #: 20007849
0
Beds
0
Baths
0
½ Baths
2.2
Acres
1964
Built
Neighborhood:
Barnes, Larkin Survey Abstract 113 Tract 8A 8B1 8B
County:
Tarrant
Area:
Arlington
Property Description
Located in the Arlington Entertainment District, this 72 room hotel features an upstairs and downstairs bar and lounge area, swimming pool, laundry facilities, full kitchen, and underwent extensive renovations in 2019 and 2020. The two bar and lounge areas have great income potential and can be rented for concerts, karaoke, meetings, receptions, etc. This is a great opportunity to own a profitable hotel or to redevelop the 2.19 acres that the property sits on. Hotel is centrally located to restaurants, Cowboy Stadium, Globe Life Field, and is in the heart of Arlington. Owner finance option available. Additional acreage may be available next to hotel if interested.
Exterior Features

Construction Brick Foundation Slab Lot Size Source Assessor Parking Or Garage Parking Lot Roof Composition

Interior Features

Accessibility Features Accessible Approach With Ramp Ceiling Height 8 To10 Feet Cooling Electric Flooring Ceramic TileLaminate Handicap YN Yes Heating Electric Sq Ft Gross 26009

Property Features

Building Area Source Assessor Building Area Total 26009.00 Building Use Hotel/Motel Construction Status Preowned Gross Annual Expenses 220000.00 Gross Annual Income 820000.00 List MLSProvider Arlington Board Of Realtors Listing Terms CashConventionalLease Purchase Multi Zoning No Municipal Utility District No Net Operation Income 600000 Possession Closing/Funding Property Type Hotel/Motel Tenant Pays None Transaction Includes Building OnlyBusinessFurnitureInventoryLand & Improvements Unexempt Taxes 28296 Utilities City SewerCity Water Will Subdivide No Zoning Commercial

North Texas Real Estate Information Systems MLS logo Listing information © 2022 North Texas Real Estate Information System.


© 2022 North Texas Real Estate Information Systems. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or NewHomePrograms.com. The data relating to real estate for sale or lease on this web site comes in part from NTREIS. Real estate listings held by brokerage firms other than NewHomePrograms.com are marked with the NTREIS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2022-11-29T23:44:31.24.
 
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NewHomePrograms.com
24624 Interstate 45N, Suite 120
Spring TX, 77386
Offered by Adam Noss of Fathom Realty: 888-455-6040.