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Multifamily

AUCTION - REO SALE: 4 Unit Free Market | Brooklyn NY

451 Classon Ave, Brooklyn, NY 11238

Starting Bid: $500,000

Number of Units
4
GRM
3.81
Price/Unit
$125,000
Price/Gross SF
$154.99
Gross SF
3,226
Auction Type
Reserve
Auction Start Date
May 4, 2026
Auction End Date
May 6, 2026

Investment Overview

Register to Bid and Access Due Diligence Documents on RealINSIGHT Marketplace: https://rimarketplace.com/auction/3076

As the exclusive representative of the seller, Marcus & Millichap is pleased to present for sale to qualified investors the Econo Lodge hospitality property located at 1312 N Service Road in Sonora, Texas (“Hotel” or “Property”). This economy-class, limited-service hotel operates under the Choice Hotels–owned Econo Lodge brand. The Property represents an opportunity for investors to acquire a stabilized lodging asset in a strategically positioned West Texas market supported by regional travel, outdoor tourism, and local medical demand. The Choice Hotels International-branded hotel is being auctioned February 16-18,2026 on RealInsight. Please contact the listing agent for more information.

Originally constructed in 1971, the two-story Hotel comprises 100 guest rooms and is situated on approximately 3.11 acres. The Property features a convenient physical layout supported by 130 on-site parking spaces, appropriate for transient highway travelers, group stays, and extended road-trip visitation. Amenities include a swimming pool, providing added appeal for leisure-minded travelers in the region. As a Choice Hotels-owned asset, the Hotel benefits from national brand recognition, centralized systems, and an economy operating model designed to attract cost-conscious travelers while maintaining lower operating complexity.

The Property also benefits from its proximity to Interstate 10, one of the primary east–west transportation corridors in Texas, which supports consistent transient demand from cross-state drivers, commercial travelers, and road-trippers traveling between major markets such as San Antonio, El Paso, and West Texas. Sonora’s location along I-10 positions the Hotel as a natural stopping point for overnight stays, supporting steady base occupancy. Leisure demand is driven by Sonora’s role as a regional hub for outdoor recreation and tourism. Major nearby attractions include the Caverns of Sonora, a nationally recognized natural landmark that draws over 50,000 annual visitors, as well as Eaton Hill Nature Center & Preserve, a popular 37-acre park that attracts hikers, bird watchers, and wildlife enthusiasts. Additional cultural tourism is driven by heritage sites including the historic Main Street, the Old Sonora Ice House Ranch Museum, and Sutton County Courthouse. Likewise, the nearby Sonora Golf Course further enhances leisure appeal for regional visitors. Additional demand for leisure stays is generated by ranch tourism, including activities like hunting, ranch visits, outdoor recreation, and rural getaways. As the healthcare center for Sutton County, medical travel provides additional demand for hospitality. Visitors associated with the Sutton County Hospital District support year-round room demand from patients, families, and visiting medical professionals.

Located northeast of San Antonio along the Interstate 10, Sonora serves as the seat of Sutton County and functions as a regional service and tourism hub for surrounding rural communities. The city has a population of approximately 2,746. Government and essential services employers anchor the city’s employment. Top employers include the City of Sonora and Sutton County. Thanks to the city’s strategic location along the I-10, Sonora is ideally positioned as a gateway between rural west Texas and major metros like Austin and San Antonio. This strategic position, combined with diversified demand from outdoor tourism, medical visitation, and transient interstate travel, supports positive long-term lodging fundamentals.

Investment Highlights

  • Auction - May 4-6, 2026 | Starting Bid: $500,000
  • Four-unit mixed-use asset with three residential units and one ground-floor retail space
  • 100 percent vacant, allowing immediate lease-up at market rents
  • Favorable Tax Class 2A designation providing capped annual assessment increases (max 8% per year / 30% over five years)
  • Located in Clinton Hill near Classon Avenue with access to G, A, and C subway lines
  • R6B zoning within a dense Brooklyn corridor supporting long-term rental demand
  • Approx. 3,226 SF building on 1,254 SF lot in an established infill location
  • Positioned between Downtown Brooklyn and Bedford-Stuyvesant growth corridors

Exclusively Listed By

Auction Advisors

  • Ian Grusd, CCIM, SIOR

    Licensed Associate Real Estate Broker

    (212) 430-5115

    Email Ian

    License(s): NJ: 9233895

    New York City

Financing By

Multifamily

AUCTION - REO SALE: 4 Unit Free Market | Brooklyn NY

Starting Bid: $500,000

Number of Units
4
GRM
3.81
Price/Unit
$125,000
Price/Gross SF
$154.99
Gross SF
3,226
Auction Type
Reserve
Auction Start Date
May 4, 2026
Auction End Date
May 6, 2026

Investment Highlights

  • Auction - May 4-6, 2026 | Starting Bid: $500,000
  • Four-unit mixed-use asset with three residential units and one ground-floor retail space
  • 100 percent vacant, allowing immediate lease-up at market rents
  • Favorable Tax Class 2A designation providing capped annual assessment increases (max 8% per year / 30% over five years)
  • Located in Clinton Hill near Classon Avenue with access to G, A, and C subway lines
  • R6B zoning within a dense Brooklyn corridor supporting long-term rental demand
  • Approx. 3,226 SF building on 1,254 SF lot in an established infill location
  • Positioned between Downtown Brooklyn and Bedford-Stuyvesant growth corridors

Investment Overview

Register to Bid and Access Due Diligence Documents on RealINSIGHT Marketplace: https://rimarketplace.com/auction/3076 As the exclusive representative of the seller, Marcus & Millichap is pleased to present for sale to qualified investors the Econo Lodge hospitality property located at 1312 N Service Road in Sonora, Texas (“Hotel” or “Property”). This economy-class, limited-service hotel operates under the Choice Hotels–owned Econo Lodge brand. The Property represents an opportunity for investors to acquire a stabilized lodging asset in a strategically positioned West Texas market supported by regional travel, outdoor tourism, and local medical demand. The Choice Hotels International-branded hotel is being auctioned February 16-18,2026 on RealInsight. Please contact the listing agent for more information. Originally constructed in 1971, the two-story Hotel comprises 100 guest rooms and is situated on approximately 3.11 acres. The Property features a convenient physical layout supported by 130 on-site parking spaces, appropriate for transient highway travelers, group stays, and extended road-trip visitation. Amenities include a swimming pool, providing added appeal for leisure-minded travelers in the region. As a Choice Hotels-owned asset, the Hotel benefits from national brand recognition, centralized systems, and an economy operating model designed to attract cost-conscious travelers while maintaining lower operating complexity. The Property also benefits from its proximity to Interstate 10, one of the primary east–west transportation corridors in Texas, which supports consistent transient demand from cross-state drivers, commercial travelers, and road-trippers traveling between major markets such as San Antonio, El Paso, and West Texas. Sonora’s location along I-10 positions the Hotel as a natural stopping point for overnight stays, supporting steady base occupancy. Leisure demand is driven by Sonora’s role as a regional hub for outdoor recreation and tourism. Major nearby attractions include the Caverns of Sonora, a nationally recognized natural landmark that draws over 50,000 annual visitors, as well as Eaton Hill Nature Center & Preserve, a popular 37-acre park that attracts hikers, bird watchers, and wildlife enthusiasts. Additional cultural tourism is driven by heritage sites including the historic Main Street, the Old Sonora Ice House Ranch Museum, and Sutton County Courthouse. Likewise, the nearby Sonora Golf Course further enhances leisure appeal for regional visitors. Additional demand for leisure stays is generated by ranch tourism, including activities like hunting, ranch visits, outdoor recreation, and rural getaways. As the healthcare center for Sutton County, medical travel provides additional demand for hospitality. Visitors associated with the Sutton County Hospital District support year-round room demand from patients, families, and visiting medical professionals. Located northeast of San Antonio along the Interstate 10, Sonora serves as the seat of Sutton County and functions as a regional service and tourism hub for surrounding rural communities. The city has a population of approximately 2,746. Government and essential services employers anchor the city’s employment. Top employers include the City of Sonora and Sutton County. Thanks to the city’s strategic location along the I-10, Sonora is ideally positioned as a gateway between rural west Texas and major metros like Austin and San Antonio. This strategic position, combined with diversified demand from outdoor tourism, medical visitation, and transient interstate travel, supports positive long-term lodging fundamentals.

Exclusively Listed By

Auction Advisors

  • Ian Grusd, CCIM, SIOR

    Licensed Associate Real Estate Broker

    (212) 430-5115

    Email Ian

    License(s): NJ: 9233895

    New York City

Financing By

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