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Full Stringer Lodge 22996 Highway 60 8 Room Hotel Matagorda, TX 77457 $1,800,000 ($225,000/Room) 6.40% Cap Rate
Investment Highlights
- Highway 60 frontage in Matagorda with great visibility
- Eight room hotel with decking all around and large gathering spaces for groups.
- Coffee shop and Cafe could be converted to retail, dinner restaurant, venue, with 8 room hotel. Covered patio in back and surrounding the building.
Executive Summary
Coffee shop with separate 8 room hotel next door. Prime property on highway 60 in Matagorda. Plenty of parking. Active coffee shop and breakfast lunch cafe with office adjoining.
Property Facts
| Price | $1,800,000 | Lot Size | 0.71 AC |
| Price Per Room | $225,000 | Building Size | 10,088 SF |
| Sale Type | Investment | No. Rooms | 8 |
| Cap Rate | 6.40% | No. Stories | 2 |
| Property Type | Hospitality | Year Built | 2009 |
| Property Subtype | Hotel | Corridor | Exterior |
| Building Class | B | Opportunity Zone |
Yes
|
| Zoning | none | ||
| Price | $1,800,000 |
| Price Per Room | $225,000 |
| Sale Type | Investment |
| Cap Rate | 6.40% |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 0.71 AC |
| Building Size | 10,088 SF |
| No. Rooms | 8 |
| No. Stories | 2 |
| Year Built | 2009 |
| Corridor | Exterior |
| Opportunity Zone |
Yes |
| Zoning | none |
Amenities
- Restaurant
- High Speed Internet Access
- Patio
- Public Access Wifi
- Smoke-Free
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Guest Room | 8 | $124.00 | - |
1 1
Not walkable
10/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $684,180 | |
| Land Assessment | $227,970 | Total Assessment | $912,150 |
Property Taxes
Parcel Numbers
Land Assessment
$227,970
Improvements Assessment
$684,180
Total Assessment
$912,150
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Full Stringer Lodge | 22996 Highway 60
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