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Executive Inn & Suites Laguna Vista 1411 TX-100 59 Room Hotel Laguna Vista, TX 78578 $1,980,000 ($33,559/Room) 9% Cap Rate
Executive Summary
Great Property remodeled with 59 working units generating 500k revenue with extra office to be lease for a restaurant, store or convert it into 3 commercial units close to South Padre Island great location Owner is willing to owner finance with 25 % down call me for details 9562803089
Property Facts
| Price | $1,980,000 | Building Size | 23,936 SF |
| Price Per Room | $33,559 | No. Rooms | 59 |
| Sale Type | Investment | No. Stories | 2 |
| Cap Rate | 9% | Year Built/Renovated | 1983/2020 |
| Property Type | Hospitality | Parking Ratio | 1.84/1,000 SF |
| Property Subtype | Hotel | Corridor | Exterior |
| Building Class | C | Opportunity Zone |
Yes
|
| Lot Size | 0.37 AC | ||
| Zoning | C | ||
| Price | $1,980,000 |
| Price Per Room | $33,559 |
| Sale Type | Investment |
| Cap Rate | 9% |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 0.37 AC |
| Building Size | 23,936 SF |
| No. Rooms | 59 |
| No. Stories | 2 |
| Year Built/Renovated | 1983/2020 |
| Parking Ratio | 1.84/1,000 SF |
| Corridor | Exterior |
| Opportunity Zone |
Yes |
| Zoning | C |
Amenities
- Pool
- High Speed Internet Access
- Patio
- Public Access Wifi
- Smoke-Free
- Hot Tub
- Fully-Equipped Kitchen
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 2 | $117.00 | - |
| Guest Room | 57 | $117.00 | - |
1 1
Property Taxes
| Parcel Number | 727500-0800-001000 | Improvements Assessment | $553,055 |
| Land Assessment | $96,945 | Total Assessment | $650,000 |
Property Taxes
Parcel Number
727500-0800-001000
Land Assessment
$96,945
Improvements Assessment
$553,055
Total Assessment
$650,000
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Executive Inn & Suites Laguna Vista | 1411 TX-100
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