4410 Highway 377 S, Brownwood, TX 76801
sale
$2,150,000
|
Other
Courtesy Of Turnkey Realty, LLC, Listed By Jennifer Stewart
Prime Hospitality Investment Available in Brownwood Tx. The Gate 1 Inn offers a rare value-add opportunity in one of Brownwood s fastest-growing areas. This 56-room hotel includes a mix of double queen and king suites, a private 3 bed, 2 bath owner s apartment, a welcoming front lobby, laundry area with ample storage, guest laundry, multiple storage buildings, large truck parking, and a clubhouse with rental potential. Ideally located near Brownwood s medical and industrial districts, the property draws year-round demand from business travelers, contractors, and extended-stay guests. Nearby employers such as Brownwood Regional Medical Center, Kohler, 3M, and Superior Cable collectively employ more than 2,500 workers, creating a strong lodging base. The property also shares parking with The Section Hand Restaurant, which is available for purchase, creating an opportunity to combine dining and lodging operations. Situated on a high-traffic corridor with over 10,000 vehicles daily, the hotel benefits from excellent visibility and access. Brownwood is undergoing rapid growth with a new event center, downtown redevelopment projects, and expanding commercial and residential activity all expected to increase visitor and resident demand. Current market hotel rates average $150 per night, leaving significant upside for new ownership. Updating the property s exterior appeal, improving amenities, and implementing modern marketing strategies could quickly raise rates and occupancy. With direct visitor spending exceeding $65 million annually, this property is positioned to serve a diverse guest base, from travelers and event attendees to healthcare and industrial workers. The Gate 1 Inn is a unique chance to acquire an underperforming asset with strong growth potential in a thriving market.
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Property Features
- Architecture Style: Other
- Cooling System: Central Air
- Exterior Type: Brick
- Floor Covering: Vinyl
- Floor Covering: Other
- Heating System: Central
- Legal Description: TAYLOR SMITH, SURVEY 600, ABSTRACT 821, ACRES
- MLSID: 21055316
- Roof Type: Composition
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