3334 S US Highway 77 Byp - Hospitality FOR SALE


Kingsville, TX 78363
$1,950,000 USD
901-237-3839
3334 S US Highway 77 Byp, Kingsville, TX for Sale
$1,950,000 USD
Hospitality - FOR SALE
1/39
null | 5.77% Cap Rate

3334 S US Highway 77 Byp
Kingsville, TX 78363


HIGHLIGHTS

  • Complimentary Daily Continental Breakfast
  • Pet-friendly Property
  • High-Speed Public Internet Access
  • Daily Room Service and 24/7 Customer Service
  • Balcony and On-Site Fitness Center
  • On-Site OYO cafe

OVERVIEW

OYO Kingsville presents an excellent and prime investment opportunity to acquire a well-established, highly-rated motel in the heart of South Texas. This spacious, pet-friendly property offers modern amenities like free Wi-Fi, flat-screen TVs, refrigerators, and coffee makers, ensuring a comfortable stay for all guests. Property Highlights: - With its prime location near attractions like Texas A&M University, King Ranch Museum, and Naval Air Station, plus a short drive from beautiful Gulf Coast beaches, this motel attracts both business and leisure travelers with consistent guest traffic. - Steady Revenue Potential: While recent sales have been down due to the owner's absence, historical data shows that when the owner is present, the motel generates at least $200K in annual revenue. - Owner Financing: Available with a $700,000.00 down payment, making this a flexible investment option for a variety of buyers. Why Purchase? - Proven Income: With active on-site management, this property has consistently performed well and offers significant upside potential. - High Demand: Its prime location near major attractions ensures consistent guest traffic and high occupancy rates. - Ideal for All Buyers: Whether you’re an experienced hotelier or a first-time buyer, this motel offers a solid foundation for strong returns. - Valuation per room: Less than $26,400.00; it is only 38% of the required construction cost, which is $70,000.00 per key for a new construction. OYO Kingsville is a prime investment in a growing market. With owner financing available and a proven revenue track record, this is the opportunity you’ve been waiting for.

FOR SALE DETAILS

PRICE

$1,950,000 USD

PRICE/SF

$71 USD /SF

# OF ROOMS

74

PRICE/ROOM

$26,351 {currency}

CAP RATE

5.77%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

OYO Hotel Kingsville - Hwy 77

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1983

PARKING SPACES

90

LAND DETAILS

LAND ACRES

3.53 AC

LAND SF

153,675 SF

ZONING

C4

APN/PARCEL ID

41228

ASK ABOUT THIS PROPERTY

Rama SinghHarazi, LLCMore Info
901-237-3839

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

Rama SinghHarazi, LLCMore Info
901-237-3839

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