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- LoopNet Team
1707 W Comal St
Pearsall, TX 78061
Pearsall Inn & Suites · Hospitality Property For Sale
·
60,141 SF
INVESTMENT HIGHLIGHTS
- Two-Story, 40-Room, Exterior-Corridor Hotel with Owner’s Living Quarters
- Located within the Eagle Ford Shale
- 45 Percent Growth in Revenues Through September 2021 Compared to Year-End 2020
- Priced Below Replacement Cost at $32,250 Per Key
- Retains Oil and Gas Hospitality Contracts through February 2022 with Potential Extensions
- Upside Potential for New Management to Increase Net Operating Income and Overall Value
PROPERTY FACTS
| Property Type | Hospitality | Building Size | 60,141 SF |
| Property Subtype | Hotel | No. Stories | 2 |
| Building Class | C | Year Built | 2012 |
| Lot Size | 1.85 AC | Corridor | Exterior |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 1.85 AC |
| Building Size | 60,141 SF |
| No. Stories | 2 |
| Year Built | 2012 |
| Corridor | Exterior |
AMENITIES
- Business Center
- High Speed Internet Access
- Patio
- Public Access Wifi
ABOUT 1707 W COMAL ST , PEARSALL, TX 78061
Property Overview: The Pearsall Inn and Suites is a 40-room, independent hotel that was built in 2012. Each room features a sofa, desk with ergonomic chair, ?at-screen television, microwave, and refrigerator. The common amenities include an outdoor pool, patio, grill area, breakfast area, and lobby. Location Overview: Pearsall, Texas is located about one hour southwest of San Antonio, seated in Frio County. The Pearsall Inn & Suites is located on 1707 West Comal Street and has direct access to Interstate 35, one of the major thoroughfares in the country. The region’s economic development department fosters expansion and retention of existing businesses and has adopted a Downtown Area Action Plan with a four-point approach including design, economic restructuring, organization, and promotion. The Frio Regional Hospital (0.6 miles), partnered with Methodist Healthcare San Antonio and provides services for outpatient surgery, emergency care, a birthing center, and several other patient care options. The Longhorn Athletic Field (0.7 miles) is an additional market driver in the region and hosts events year-round.
PROPERTY TAXES
| Parcel Number | 00168-00001-00100-000000 | Improvements Assessment | $1,253,810 |
| Land Assessment | $148,000 | Total Assessment | $1,401,810 |
PROPERTY TAXES
