4019 S Loop 289, Lubbock, TX 79423
$4,800,000
Property Type:
Commercial Sale
Square Footage:
16,724
Lot Size (sq. ft.):
187,569
Status:
Closed
Current Price:
$4,800,000
List Date:
12/13/2024
Last Modified:
2/20/2025
Description
Because the property is subject to auction, the list price'' may be an estimation of value. Great opportunity to purchase operating hotel. Will be sold Live Onsite & Online on January 16 at 1pm. Offers may be made prior to auction date and will either be confirmed or denied. List Price is based on comps and has no bearing on sales or auction price. Preview dates will be Dec 14 10-12 and Jan 7 11-1. Amenities include Beautifully appointed guest rooms, including suites & extended-stay studios. Onsite laundry room. Outdoor courtyard and pool, indoor jacuzzi. Exercise Room, Conference rooms. Walking distance to: Applebee's, Outback, IHOP, Cheddar's, Jason's Deli, Walmart, Mall. Minutes from Texas Tech University. Location is right off freeway. Room types: 11-King Suites 39- Standard Kings with pull out couch 9- Standard Kings 32- Queen doubles 4- Double Queen suites 8- Studio suites with stove top 15- Studio suites without stove top 5- Handicap accessible 3- Multi-use meeting room
Supplements: ********
More Information MLS# 202416944
Contract Information
Current Price: $4,800,000
Original List Price: 4800000
List Price: $4,800,000
Status: Closed
Listing Contract Date: 2024-12-13
Property Sub Type: Business
Listing Agreement: Exclusive Right To Sell
Owner Name: Ashmore Inn and Suites, LLC
Occupant Type: Tenant
Location Tax and Legal
Street Number: 4019
Street Direction Prefix: S
Street Name: Loop 289
County: Lubbock
State: TX
Postal Code: 79423
Zone: 7
General Property Information
Above Grade Finished Area: 16724
Above Grade Finished Area Source: Public Records
Building Area Total: 16724
Building Area Source: Public Records
Lot Size Acres: 4.306
Lot Size Square Feet: 187569
Lot Size Source: Public Records
Basement YN: No
List Price/Acre: 1113689.1
List Price/SqFt: 287.01
Sold Price/Acre: 618909.51
Sold Price/SqFt: 159.5
Remarks and Miscellaneous
Public Historical Remarks: Streets: Curb/Gutter, Specific Use: Yes, # Wells: 0
Public Remarks: Because the property is subject to auction, the list price'' may be an estimation of value. Great opportunity to purchase operating hotel. Will be sold Live Onsite & Online on January 16 at 1pm. Offers may be made prior to auction date and will either be confirmed or denied. List Price is based on comps and has no bearing on sales or auction price. Preview dates will be Dec 14 10-12 and Jan 7 11-1. Amenities include Beautifully appointed guest rooms, including suites & extended-stay studios. Onsite laundry room. Outdoor courtyard and pool, indoor jacuzzi. Exercise Room, Conference rooms. Walking distance to: Applebee's, Outback, IHOP, Cheddar's, Jason's Deli, Walmart, Mall. Minutes from Texas Tech University. Location is right off freeway. Room types: 11-King Suites 39- Standard Kings with pull out couch 9- Standard Kings 32- Queen doubles 4- Double Queen suites 8- Studio suites with stove top 15- Studio suites without stove top 5- Handicap accessible 3- Multi-use meeting room
Status Change Information
Major Change Timestamp: 2025-02-20T20:00:01Z
Major Change Type: Status Change
Status Change Timestamp: 2025-02-20
Purchase Contract Date: 2025-01-16
Close Date: 2025-02-20
Buyer Financing: Conventional
Buyer's Lender Closing Costs: No
Land Details
Minerals Available: No
Crops Included YN: No
Showing Information
Showing Instructions: Contact ListingAgent
Property Features
Building Features: Conference Room; Elevator; High Speed Internet; Kitchen/Break Room
Business Information Source: Accountant; Owner
Business Type: Distribution; Hotel/Motel; Industrial; Mixed; Professional/Office; Residential; Restaurant; Retail; Storage; Transportation; Other
Construction Materials: Brick; Foam Insulation; Stucco
Cooling: Central Air; Electric
Flooring: Carpet; Other
Foundation Details: Slab
Heating: Central; Electric
Listing Terms: Cash; Conventional
Lot Features: Landscaped
Parking Features: Paved
Road Frontage Type: Interstate
Road Surface Type: All Weather; Paved
Roof: Composition
Security Features: Fire Sprinkler System; Security System
Sewer: Public Sewer
Utilities: Electricity Available; Phone Available
Showing Considerations: Occupied
Showing Requirements: Call Listing Office
Listing Office: Lyons Realty
Listing Agent: Kendra Martin
Last Updated: February - 20 - 2025
Information deemed reliable but not guaranteed.