MKX Good Life is conveniently located right between Austin & Houston with easy access to highways, shopping, dining, and within 2 miles of Texas A&M University (the largest university in America), this motel consists of 116 rooms plus significant common space such as lobby, laundry, storage, maintenance rooms etc. 72 of the rooms contain kitchenettes. East Texas is one of the top rent growth states in America, and this property is located right between all three major Texas cities. The property has a functioning restaurant on-location in order to both draw in tenants as well as produce additional revenue. The city allows for multi-family usage with the zoning designation of C-2 with a conditional use approval. Estimated time for renovations is six months will full lease up within twelve months. The Upon stabilization we anticipate a stabilized value of north of $8.5m.
1601 S Texas Ave, Bryan, TX 77802, USA
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