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- LoopNet Team
1560 S Interstate 35
San Marcos, TX 78666
Country Inn & Suites San Marcos · Hospitality Property For Sale
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63,104 SF
INVESTMENT HIGHLIGHTS
- 84-Room, Interior Corridor, Upper Midscale Hotel Built in 2009
- Well Positioned with Excellent Visibility from Interstate 35
- 84% RevPAR Index; Value-Add Opportunity Available
- Austin MSA Location, Four Miles from Texas State University
- Operational Upside for Prospective Hands-On Owner-Operator Investor
- Located In the Second Fastest Growing County In The Country
PROPERTY FACTS
| Property Type | Hospitality | No. Stories | 4 |
| Property Subtype | Hotel | Year Built/Renovated | 2009/2012 |
| Building Class | B | Tenancy | Single |
| Lot Size | 1.68 AC | Parking Ratio | 1.55/1,000 SF |
| Construction Status | Converted | Corridor | Interior |
| Building Size | 63,104 SF | ||
| Zoning | C3 | ||
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 1.68 AC |
| Construction Status | Converted |
| Building Size | 63,104 SF |
| No. Stories | 4 |
| Year Built/Renovated | 2009/2012 |
| Tenancy | Single |
| Parking Ratio | 1.55/1,000 SF |
| Corridor | Interior |
| Zoning | C3 |
AMENITIES
- Business Center
- Fitness Center
- Pool
- High Speed Internet Access
- Meeting Event Space
- Public Access Wifi
ABOUT 1560 S INTERSTATE 35 , SAN MARCOS, TX 78666
Property Overview: The Country Inn & Suites San Marcos is an 84-room, four-story, Radisson-branded hotel. The upper-midscale property was built in 2009 and features a flat-screen television, refrigerator, and microwave, with sleeper sofas and kitchenettes in select rooms. The common areas include meeting space and an exercise facility. Location Overview: San Marcos, Texas is located in the central part of the state and positioned 31 miles south of Austin and 49 miles north of San Antonio city centers. The Country Inn & Suites by Radisson San Marcos is stationed on 1560 Interstate Highway 35 South and near multiple demand generators. The region’s economy is diverse and includes industrial, recreational, education, government, and health care. In February 2020 more than $212.35 million was awarded in defense contracts to three companies with the majority of the contract given to a San Marcos-based aviation company Berry Aviation Inc. (5.8 miles) for airlift support services in Africa and supporting companies. In addition, the Christus Santa Rosa Health System agreed to buy Central Texas Medical Center (3.8 miles) from AdventHealth which covers a 170-bed hospital. Amazon (4.1 miles) has also expanded to the region with 1 of the 16 fulfillment and sortation centers in Texas located in the city. Texas State University (2.4 miles) offers more than 200 bachelors, masters, and doctoral degree programs and more than 38,000 undergraduate and graduate students attend the school. The University’s spending increased to $64.6 million last year in research and development. Leisure travelers visit the Tanger and Premium Outlets, Gruene Historic District, Schlitterbahn Waterpark, and the San Marcos River.
PROPERTY TAXES
| Parcel Number | R124554 | Improvements Assessment | $8,810,080 |
| Land Assessment | $1,189,920 | Total Assessment | $10,000,000 |
PROPERTY TAXES
