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501 S 10th St
McAllen, TX 78501
Siesta Inn McAllen · Hospitality Property For Sale
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75 Rooms
Property Facts
| Property Type | Hospitality | No. Rooms | 75 |
| Property Subtype | Hotel | No. Stories | 2 |
| Building Class | C | Year Built/Renovated | 1980/2015 |
| Lot Size | 1.61 AC | Parking Ratio | 2.71/1,000 SF |
| Building Size | 28,400 SF | Corridor | Exterior |
| Zoning | Comm - Commercial | ||
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 1.61 AC |
| Building Size | 28,400 SF |
| No. Rooms | 75 |
| No. Stories | 2 |
| Year Built/Renovated | 1980/2015 |
| Parking Ratio | 2.71/1,000 SF |
| Corridor | Exterior |
| Zoning | Comm - Commercial |
Amenities
- Pool
- High Speed Internet Access
- Patio
- Public Access Wifi
- Fully-Equipped Kitchen
About 501 S 10TH ST , MCALLEN, TX 78501
Owner is planning to retire after being in the hotel industry for 34 years. Hotel is located on a major street in McAllen and centrally located to airport, mall, downtown, restaurants, etc. This would be ideal opportunity for an owner operator, someone considering to brand property, or potential conversion to multi-family. The hotel has been profitable every year aside for a small loss in 2020 (COVID-19), however monthly revenues have been stable/increasing. In addition, potential with better management, marketing and maybe branding, can allow new owner with a great opportunity. Please feel free to contact me if you have any additional questions.
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 2 | $85.00 | - |
| Guest Room | 73 | $76.00 | - |
Property Taxes
| Parcel Number | S6050-00-000-0002-05 | Improvements Assessment | $657,298 |
| Land Assessment | $1,174,532 | Total Assessment | $1,831,830 |
Property Taxes
Parcel Number
S6050-00-000-0002-05
Land Assessment
$1,174,532
Improvements Assessment
$657,298
Total Assessment
$1,831,830
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