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GP Theriot IV

gp@gptheriot.com +1(214) 789-5888

$ 1,650,000

Est. payment | -/mo

27,902 SqFt

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$ 1,650,000

Est. payment | -/mo

Save Virtual Tour

27,902 SqFt

Key Details

Property Type Commercial

Sub Type Hotel/Motel

Listing Status Active

Purchase Type For Sale

Square Footage 27,902 sqft

Price per Sqft $59

MLS Listing ID 21055316

Construction Status Resale

HOA Y/N No

Annual Tax Amount $16,767

Lot Size 4.338 Acres

Acres 4.338

Property Sub-Type Hotel/Motel

Property Description

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.

Location

State TX

County Brown

Zoning Commercial

Direction From Downtown Brownwood, head south on Hwy 377 for approx 3.6 miles, property will be on the left hand side.

Interior

Heating Central

Cooling Central Air

Flooring Luxury Vinyl Plank, Other

Inclusions Business, Furniture, Inventory, Land & Improvements

Fireplace No

Exterior

Parking Features Asphalt, Common, Paved, Parking Lot

Utilities Available Electricity Available, Phone Available, Sewer Available, Water Available

Water Access Desc Public

Roof Type Composition

Street Surface Asphalt

Accessibility Accessible Doors

Private Pool No

Building

Story 1

Foundation Slab

Sewer Public Sewer

Water Public

Construction Status Resale

Others

Senior Community No

Tax ID 000000029431

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Virtual Tour https://www.propertypanorama.com/instaview/ntreis/21055316

Nearby Locations

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GP Theriot IV

Real Estate Consultant, US Army Veteran (CPT) Lic# 0817775

gp@gptheriot.com

+1(214) 789-5888

5605 North McArthur Blvd, Irving, TX 75038, USA

4410 Highway 377 S Brownwood, TX 76801

GP Theriot IV

Key Details

Location

Interior

Exterior

Building

Others

4410 Highway 377 S