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- LoopNet Team
5224 IH-37 North
Corpus Christi, TX 78407
Coastal Inn · Hospitality Property For Sale
·
37,020 SF

INVESTMENT HIGHLIGHTS
- 100-Room, Two-Story, Exterior Corridor Hotel in Corpus Christi MSA
- Excellent Location and Visibility off Interstate 37
- Onsite Owner’s Apartment with 4 Bedrooms and 2.5 Bathrooms
- Priced Below Replacement Costs at $36,000 Per Key
- Implementation of Improved Revenue Management Will Increase Overall Profitability
PROPERTY FACTS
| Property Type | Hospitality | No. Stories | 2 |
| Property Subtype | Hotel | Year Built/Renovated | 1974/2000 |
| Building Class | C | Parking Ratio | 0.89/1,000 SF |
| Lot Size | 2.46 AC | Corridor | Exterior |
| Building Size | 37,020 SF | ||
| Zoning | I-2 | ||
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 2.46 AC |
| Building Size | 37,020 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1974/2000 |
| Parking Ratio | 0.89/1,000 SF |
| Corridor | Exterior |
| Zoning | I-2 |
AMENITIES
- High Speed Internet Access
- Public Access Wifi
ABOUT 5224 IH-37 NORTH , CORPUS CHRISTI, TX 78407
Property Overview: The Rodeway Inn Corpus Christi is a 100-room, two-story property that was built in 1974. The Choice Hotels International features a microwave, refrigerator, flat-screen television, sitting area, and work desk with ergonomic chair. There is also a manager’s living quarters on site. The common areas include a water fountain at the entrance, lobby area, breakfast area, and truck/bus parking. Location Overview: Corpus Christi, Texas is a city located in Nueces County in the southeastern region of the state, 140 miles southeast of San Antonio and 180 miles north of South Padre Island. The Rodeway Inn Corpus Christi is positioned on 5224 Interstate Highway 37, Navigation Boulevard. With the city's major employers and popular revenue generators in close proximity to the property, this sought-after hotel benefits from many key industries of the town which include healthcare and social assistance, accommodation and food service, and retail trade. Del Mar College and CHRISTUS Spohn Health System, two of the city's largest employers located approximately 3.6 and 5.9 miles from the hotel respectively, are prime revenue drivers for the surrounding area. Other major employers that are responsible for a significant portion of the workforce include Corpus Christi Medical Center Doctors Regional (7.3 miles), and the Naval Air Station Corpus Christi (18.5 miles). Revenue generators in the area, like Corpus Christi International Airport (4.9 miles) and USS Lexington (6.1 miles) help bring additional revenue to the hotel through an increase in transient business. Extra demand drivers for the city include the Selena Museum (1.2 miles), Hurricane Alley Waterpark (4.1 miles), and the Texas State Aquarium (6.1 miles).
LINKS
PROPERTY TAXES
| Parcel Number | 200060822 | Improvements Assessment | $2,981,479 |
| Land Assessment | $162,042 | Total Assessment | $3,143,521 |
PROPERTY TAXES
Listing ID: 23879957
Date on Market: 8/10/2021
Last Updated:
Address: 5224 IH-37 North, Corpus Christi, TX 78407
The Downtown Corpus Christi Hospitality Property at 5224 IH-37 North, Corpus Christi, TX 78407 is no longer being advertised on LoopNet.com. Contact the broker for information on availability.
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