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The McKinley Inn 4 Depot st 4 Room Hotel Elgin, TX 78621 For Sale
Executive Summary
Originally built in 1897 as a "Christian Saloon," this property has been reimagined as a premier hospitality asset while preserving its 19th-century soul. Elgin is one of the fastest-growing frontiers of the Austin metro. The grand foyer features meticulously restored historic windows and a classic marble floor that set the tone for a luxury boutique experience and make an unforgettable first impression. 4 suites upstairs with ensuite bathrooms, half bath downstairs. 5th bonus room under the stairs, and a historic restored bar. Kitchen and butler pantry with prep area for events. The asset has been used as a short-term rental and second home and has not been grown to its full potential. This is a great opportunity for a buyer to build the business. The business with branding, contracts, and (most) furnishings and linens for a turnkey operation are available and negotiable. Hot tub and state of the art 120 inch laser TV installed. Weddings and events have been in demand but many leads have been overlooked, the typical one-day fee for an event is $1250-$1500 and then the rental of suites when combined with the event is offered for a special price discounted price for $500 for one night $700 for two nights and $900 for three nights. so typically would run ~$2000-$2500 for the event plus accommodations.
Property Facts
| Sale Type | Investment | No. Rooms | 4 |
| Property Type | Hospitality | No. Stories | 2 |
| Property Subtype | Year Built | 1897 | |
| Lot Size | 0.09 AC | Opportunity Zone |
Yes
|
| Building Size | 3,300 SF | ||
| Zoning | C2 Commercial Downtown | ||
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | |
| Lot Size | 0.09 AC |
| Building Size | 3,300 SF |
| No. Rooms | 4 |
| No. Stories | 2 |
| Year Built | 1897 |
| Opportunity Zone |
Yes |
| Zoning | C2 Commercial Downtown |
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 4 | - | - |
1 1
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 12379 | Improvements Assessment | $428,342 |
| Land Assessment | $46,690 | Total Assessment | $475,032 |
Property Taxes
Parcel Number
12379
Land Assessment
$46,690
Improvements Assessment
$428,342
Total Assessment
$475,032
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The McKinley Inn | 4 Depot st