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South Padre Island Inn 4109 Padre Blvd 49 Room Hotel South Padre Island, TX 78597 $3,950,000 ($80,612/Room) 3.49% Cap Rate
EXECUTIVE SUMMARY
SPI INN Hotel, 49 Rooms located on main Boulevard, and close to the Bay, including 2-bedroom Suite with Kitchen and spacious living area.
Property tax $33,357
Property tax $33,357
PROPERTY FACTS
| Price | $3,950,000 | Lot Size | 1.08 AC |
| Price Per Room | $80,612 | Building Size | 21,430 SF |
| Sale Type | Investment | No. Rooms | 49 |
| Cap Rate | 3.49% | No. Stories | 2 |
| Property Type | Hospitality | Year Built | 1995 |
| Property Subtype | Hotel | Corridor | Exterior |
| Building Class | B | Opportunity Zone |
Yes
|
| Zoning | C - Main Bloulevard, close to the Bay. | ||
| Price | $3,950,000 |
| Price Per Room | $80,612 |
| Sale Type | Investment |
| Cap Rate | 3.49% |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 1.08 AC |
| Building Size | 21,430 SF |
| No. Rooms | 49 |
| No. Stories | 2 |
| Year Built | 1995 |
| Corridor | Exterior |
| Opportunity Zone |
Yes |
| Zoning | C - Main Bloulevard, close to the Bay. |
AMENITIES
- Pool
- Meeting Event Space
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Guest Room | 49 | $84.00 | - |
1 1
PROPERTY TAXES
| Parcel Number | 676400-1150-001100 | Improvements Assessment | $510,924 |
| Land Assessment | $1,312,498 | Total Assessment | $1,823,422 |
PROPERTY TAXES
Parcel Number
676400-1150-001100
Land Assessment
$1,312,498
Improvements Assessment
$510,924
Total Assessment
$1,823,422
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South Padre Island Inn | 4109 Padre Blvd
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