9603 N Interstate 35 - Hospitality FOR SALE


San Antonio, TX 78233- Sun Gate
$2,200,000 USD
404-421-4645
9603 N Interstate 35, San Antonio, TX for Sale
$2,200,000 USD
Hospitality - FOR SALE
1/23
null | Request Cap Rate

9603 N Interstate 35
San Antonio, TX 78233
Sun Gate


HIGHLIGHTS

  • Discount to Replacement Cost
  • 87 Guestroom
  • 2 Story, Exterior Corridor
  • Conversion Opportunity

OVERVIEW

Avison Young, as the sole exclusive broker, is pleased to offer the fee simple interest in the Mid Towne Inn & Suites (hereinafter “Property” or “Hotel”), an independent Hotel located at 9603 North Interstate 35 in San Antonio, Texas. The Hotel is a budget-friendly option, strategically located in north-central San Antonio near Interstate 35. With a prime position off a major highway, this Property offers easy access to both leisure and business travelers. The Property is an ideal candidate for repositioning as an extended stay hotel, targeting cost-conscious, long-term guests who seek comfort and convenience without the high price tag. Mid Towne Inn & Suites offers significant value-add potential with minimal investment. The Property is a two-story, exterior corridor hotel featuring 87 guestrooms with the possibility to expand to 90 guestrooms by converting two storage rooms and one manager’s apartment. The Property is within a mile of Morgan’s Wonderland theme park and a 15 minute drive from multiple demand generators, including downtown San Antonio, San Antonio International Airport, and San Antonio Military Medical Center. A majority of business demand generators are less than 30 minutes from the Property. Top major employers in the area include San Antonio Military Medical Center (SAMMC), Lackland Air Force Base, Toyota Manufacturing Plant, and CPS Energy. Mid Towne Inn & Suites presents a unique opportunity to acquire a well-located Property in San Antonio, perfectly positioned to cater to the growing demand for affordable, long-term accommodations. With its prime location near I-35, local businesses, and popular attractions, the Property offers excellent potential for repositioning. A minimal investment in upgrades—such as adding kitchenettes and laundry facilities—can quickly transform the property into a competitive extended stay facility, leading to higher occupancy and increased revenue. At a lower acquisition cost compared to other properties in the area, Mid Towne Inn & Suites offers a significant opportunity for an investor to unlock value. Mid Towne Inn & Suites provides a prime opportunity to acquire a Property with substantial upside potential. By repositioning the Hotel as a extended stay facility, an investor can capitalize on the growing demand for affordable, long-term accommodations, ensuring steady cash flow and long-term profitability.

FOR SALE DETAILS

PRICE

$2,200,000 USD

PRICE/SF

$57 USD /SF

# OF ROOMS

86

PRICE/ROOM

$25,581 {currency}

CAP RATE

Request Cap Rate

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Mid Towne Inn & Suites

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1962

PARKING SPACES

200

LAND DETAILS

LAND ACRES

3.15 AC

LAND SF

137,214 SF

ZONING

C-3

APN/PARCEL ID

14043-002-0045

ASK ABOUT THIS PROPERTY

Mihir ChokshiAvison Young Hotel GroupMore Info
404-421-4645

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Mihir ChokshiAvison Young Hotel GroupMore Info
404-421-4645

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