4410 Highway 377 S Active Save Request In-Person Tour Request Virtual Tour
Brownwood,TX 76801
Key Details
Property Type Commercial
Sub Type Hotel/Motel
Listing Status Active
Purchase Type For Sale
MLS Listing ID 21055316
Total Fin. Sqft 27902
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
Heat Source Central
Exterior
Utilities Available Asphalt,City Sewer,City Water,Electricity Available,Phone Available
Roof Type Composition
Accessibility Accessible Doors
Garage No
Building
Foundation Slab
Structure Type Brick
Others
Ownership Shrimad Rajchandra Llc
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional
Virtual Tour https://www.propertypanorama.com/instaview/ntreis/21055316