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Ocean Inn 4013 Padre Blvd 53 Room Hotel South Padre Island, TX 78597 $2,200,000 ($41,509/Room)
Investment Highlights
- Guest Rooms: 53
- Price Per Room: $52,642
- Average Daily Rate: $60.00 per room
- Pool
Executive Summary
This two-story, 53-room hotel, an excellent investment opportunity in a location within an Opportunity Zone. It features essential amenities such as a pool, high-speed internet, and public WiFi, with a smoke-free environment. The property is zoned for commercial use, providing flexibility for future development or repurposing. The property is also conveniently located near two airports: Brownsville/South Padre Island International (38 minutes away) and Valley International Airport (64 minutes away). Building is 13,854 sqft.
Property Facts
| Price | $2,200,000 | Building Size | 24,911 SF |
| Price Per Room | $41,509 | No. Rooms | 53 |
| Sale Type | Investment | No. Stories | 2 |
| Property Type | Hospitality | Year Built | 1983 |
| Property Subtype | Hotel | Corridor | Exterior |
| Building Class | C | Opportunity Zone |
Yes
|
| Lot Size | 1.00 AC | ||
| Zoning | Commercial - Zoning. | ||
| Price | $2,200,000 |
| Price Per Room | $41,509 |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 1.00 AC |
| Building Size | 24,911 SF |
| No. Rooms | 53 |
| No. Stories | 2 |
| Year Built | 1983 |
| Corridor | Exterior |
| Opportunity Zone |
Yes |
| Zoning | Commercial - Zoning. |
Amenities
- Pool
- High Speed Internet Access
- Public Access Wifi
- Smoke-Free
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Guest Room | 53 | $60.00 | - |
Somewhat walkable
30/100
Exceptionally drivable
100/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 676400-1110-007000 | Improvements Assessment | $561,393 |
| Land Assessment | $637,000 | Total Assessment | $1,198,393 |
Property Taxes
Parcel Number
676400-1110-007000
Land Assessment
$637,000
Improvements Assessment
$561,393
Total Assessment
$1,198,393
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Contact the Sale Advisor
Ocean Inn | 4013 Padre Blvd