4013 Padre Blvd - Hospitality FOR SALE


South Padre Island, TX 78597
$2,590,000 USD
956-755-9560
4013 Padre Blvd, South Padre Island, TX for Sale
$2,590,000 USD
Hospitality - FOR SALE
1/4
null | Request Cap Rate

4013 Padre Blvd
South Padre Island, TX 78597


HIGHLIGHTS

  • Guest Rooms: 53
  • Average Daily Rate: $60.00 per room
  • Price Per Room: $52,642
  • Pool

OVERVIEW

This two-story, 53-room hotel offers an excellent investment opportunity in a location within an Opportunity Zone. It features essential amenities such as a pool, high-speed internet, and public WiFi, with a smoke-free environment. The property is zoned for commercial use, providing flexibility for future development or repurposing. The property is also conveniently located near two airports: Brownsville/South Padre Island International (38 minutes away) and Valley International Airport (64 minutes away).

FOR SALE DETAILS

PRICE

$2,590,000 USD

PRICE/SF

$187 USD /SF

# OF ROOMS

53

PRICE/ROOM

$48,868 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Ocean Inn

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1983

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1 AC

LAND SF

43,560 SF

ZONING

Commercial

APN/PARCEL ID

676400-1110-007000

ASK ABOUT THIS PROPERTY

Telma LopezNexus Real Estate Services Inc.More Info
956-755-9560

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Telma LopezNexus Real Estate Services Inc.More Info
956-755-9560

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