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- LoopNet Team
3573 S Ranch Road 620
Austin, TX 78738
Mountain Star Lodge · Hospitality Property For Sale
·
23,712 SF
PROPERTY FACTS
AMENITIES
- Balcony
- Business Center
- Pool
- Meeting Event Space
ABOUT 3573 S RANCH ROAD 620 , AUSTIN, TX 78738
***OWNER FINANCING AVAILABLE UP TO 70% LTV*** Mountain Star Lodge is a 40 room hotel located on 3.92 acres of prime Ranch Road 620 land. The property sits above 800 acres of preserved city land and provides 206 feet of Ranch Road 620 frontage. Hotel consists of single, double, and suite rooms, pool area, small business center, and breakfast area. Many improvements made over the last few years. 2019 room revenue is up approximately 35% from last year. The estimated 2019 cap rate is 8.54% using the YTD average 48% occupancy rate for the remainder of the year and a 60% operating ratio. Further upside with branding/marketing efforts.. Property includes a 3 bedroom 1,700 square foot single family home located on the back of the lot. Lots of upside for re-positioning existing hotel or redevelopment play.
PROPERTY TAXES
| Parcel Number | 375123 | Improvements Assessment | $1,230,396 |
| Land Assessment | $2,453,544 | Total Assessment | $3,683,940 |
PROPERTY TAXES
