Information

Historic Hotel Beaumont

Price:
$3,300,000

For Sale

Agent Details:
Lee Wheeler




Lee Wheeler
Wheeler Commercial
409-899-3300

409-899-3301


Description:
Beautiful, historic Hotel Beaumont built in the "Beaux-Arts" architectural style, received its' historical designation in 1978. Located on the lit corner of Orleans and Fannin in downtown Beaumont. Major renovations were completed in 2000 throughout the hotel. The property is surrounded by many museums and historical buildings. Would be a fantastic hotel as there is no competition downtown and it is needed. The building was built in 1922 for a little more than $1M. In 2003 a $7.5M restoration was completed and it won Texas' Best Restoration given by The Texas Downtown Association. It consists of 135 total rooms that include; 115 studio type units at 217 SF, 5-one bedroom units that are 472 SF and 15 CBA units that are 242 SF. Current property taxes are $38,248.92. The property is currently VACANT. While some work is needed, it is not drastic. The bones are solid. One of the most beloved buildings in all of SETX.

MLS #:
19762041

Property Type:
Commercial

Style:
Beaux Arts

Lot Size (acres):
0.6129

Size (square feet):
101365

Bathrooms:

Bedrooms:


Condition:
Project - needs work

Additional Out Buildings:


Features:



Location:
625 Orleans Beaumont
77701 Texas

Year Built:
1922

Visitors:
2536

Submission Date:
09-14-2016