3307 US Highway 90A E - Hospitality FOR SALE


Gonzales, TX 78629
$1,950,000 USD
754-202-2419
3307 US Highway 90A E, Gonzales, TX for Sale
$1,950,000 USD
Hospitality - FOR SALE
1/28
null | 25% Cap Rate

3307 US Highway 90A E
Gonzales, TX 78629


HIGHLIGHTS

  • Mini Split A/Cs
  • Plumbing and Electric redone
  • 54 rooms, office, managers apartment.

OVERVIEW

UNBELIEVABLE INVESTMENT OPPORTUNITY!!! 54 room hotel/weekly rentals. You choose. HUGE CASH FLOW!! This is a once in a life time opportunity to get into the hotel business! Managers unit with full kitchen. City water and sewer. NOW OPEN & BOOKING!! Recently updated, new a/c, new electrical etc… WILL GENERATE A 20%+ NET RETURN ON INVESTMENTS!!! MOTIVATED LENDER, FINANCING AVAILABLE, The business will generate a NET 20k/ month. The property went through a major rehab almost 3 years ago... the property has suffered from neglect and mismanagement. There is a need for someone with experience in the hospitality business to run this. There is a growing need for weekly and monthly rentals in the area. Only 34 rooms out of 54 are furnished. The property has a great potential, perhaps schedule a walkthrough with your client. LENDER'S LOST, YOUR GAIN!!! Call us today 754-732-4557!

FOR SALE DETAILS

PRICE

$1,950,000 USD

PRICE/SF

$63 USD /SF

# OF ROOMS

54

PRICE/ROOM

$36,111 {currency}

CAP RATE

25%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

CANNON INN

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1960

PARKING SPACES

59

LAND DETAILS

LAND ACRES

1.25 AC

LAND SF

54,450 SF

ZONING

C-2

APN/PARCEL ID

12563

ASK ABOUT THIS PROPERTY

Mary BatistaReal Pro, IncMore Info
754-202-2419

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Mary BatistaReal Pro, IncMore Info
754-202-2419

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.