A 9,220-square-foot hospitality property with 18 furnished rooms and onsite management is listed for $989,000. Located at 158 County Road 404 in an Opportunity Zone, the 7.66-acre site provides strong rental income with future growth potential.
The property includes 15 single units and 3 double units, all currently rented, with plans to add two more units this year—projected to increase gross rent by $6,000 per month. Amenities include a laundry room, two storage buildings, and a single-wide office/home for the full-time manager.
Built in 2017, the lodge sits on land served by city utilities with 61 psi water pressure, making it well-positioned for expansion. The site includes underground utilities, and the remaining acreage allows for additional development.
Property Highlights:
- 9,220 sq ft | 7.66 acres
- 18 furnished rooms (with 2 more underway)
- Laundry, storage buildings, and manager’s office/home
- Located in an Opportunity Zone
- Utilities: water, sewer, electricity, underground connections
- Built in 2017 | Zoned commercial (Hotel/Motel)
Listed by:
Carol Morrow, Keller Williams Realty – Midland & Odessa
(432) 520-5151
MLS #137578 | Odessa Board of REALTORS®
