4205 Padre Blvd
South Padre Island, TX 78597
Super 8 South Padre Island · Hospitality Property For Sale
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30,287 SF
Investment Highlights
- 66-Room, Exterior Corridor, Economy Hotel
- Strong Cash Flowing Asset With Approximately $400,000 in 2019 Net Operating Income
- Priced at 3.42X the 10 Year Average Room Revenue
- Priced Significantly Below Replacement Cost at $65,152 Per Key
- On-Site Owners Apartment; Two Bed, One Full Bath, and Full Kitchen
- Award-Winning 2019 Pride of Super 8 Hotel
Property Facts
| Property Type | Hospitality | Building Size | 30,287 SF |
| Property Subtype | Hotel | No. Stories | 2 |
| Building Class | C | Year Built/Renovated | 1999/2019 |
| Lot Size | 1.28 AC | Corridor | Exterior |
| Zoning | C | ||
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 1.28 AC |
| Building Size | 30,287 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1999/2019 |
| Corridor | Exterior |
| Zoning | C |
Amenities
- Business Center
- Pool
- Meeting Event Space
About 4205 PADRE BLVD , SOUTH PADRE ISLAND, TX 78597
Property Overview: The Super 8 South Padre Island is an economy, 66-room, two-story hotel. The Wyndham-branded property includes room features such as a flat-screen television, a kitchenette in select rooms, family/oversized rooms in select rooms, microwave, and refrigerator. The common areas feature a meeting room, bar-b-que grills, business center, exercise facility, and an outdoor pool. Location Overview: South Padre Island, Texas, is located in the southern part of the state and a popular drive-to beach destination for travelers, and most recently had 66,000 visitors for Memorial Day Weekend in 2020. The coastline is a 34-mile long beach and has several extensive nature tourism market drivers, world-class wind and water recreational activities, an entertainment district, and local restaurants. The city has been recognized by several travel publications, and in 2019 was noted as the "Best Restored Beached" award from the American Shore and Beach Association (ASBPA). Also, the city received the 2020 Governor's Community Achievement Award and the winning communities will share $2 million in landscape funding, and the island will receive $90,000 for a landscaping project.
Property Taxes
| Parcel Number | 676400-1180-001000 | Improvements Assessment | $1,661,627 |
| Land Assessment | $1,558,507 | Total Assessment | $3,220,134 |
Property Taxes
