This feature is unavailable at the moment.

We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.

Please check back in a few minutes. We apologize for the inconvenience.

- LoopNet Team

You must register your contact information to view secure information on this listing.
This Hospitality Property is no longer advertised on LoopNet.com.

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
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).

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
200060822
Land Assessment
$162,042
Improvements Assessment
$2,981,479
Total Assessment
$3,143,521
  • Listing ID: 23879957

  • Date on Market: 8/10/2021

  • Last Updated:

  • Address: 5224 IH-37 North, Corpus Christi, TX 78407

Link copied
Your LoopNet account has been created!

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, "rating") }}
255 character limit ({{ remainingChars() }} charactercharacters remainingover)
{{ getErrorText(feedbackForm.msg, "rating") }}
{{ getErrorText(feedbackForm.fname, "first name") }}
{{ getErrorText(feedbackForm.lname, "last name") }}
{{ getErrorText(feedbackForm.phone, "phone number") }}
{{ getErrorText(feedbackForm.phonex, "phone extension") }}
{{ getErrorText(feedbackForm.email, "email address") }}