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Blue Bay Inn & Suites 901 Padre Blvd 50 Room Hotel South Padre Island, TX 78597 $4,500,000 ($90,000/Room)
Executive Summary
Excellent opportunity to acquire a bay front 50 room hotel in a high traffic area of South Padre Island, TX. The hotel is a short distance to the beach, and is also in walking distance to quite a few retailers. 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. South Padre Island, TX, is located in the southern part of the state and is a popular drive-to-beach destination for travelers.
Property Facts
| Price | $4,500,000 | Building Size | 30,260 SF |
| Price Per Room | $90,000 | No. Rooms | 50 |
| Sale Type | Investment | No. Stories | 4 |
| Property Type | Hospitality | Year Built | 2000 |
| Property Subtype | Hotel | Corridor | Interior |
| Building Class | B | Opportunity Zone |
Yes
|
| Lot Size | 0.97 AC | ||
| Zoning | C - The Blue Bay Inn is located within an Opportunity Zone and is designated for hospitality/commercial use, allowing for hotel and lodging operations. | ||
| Price | $4,500,000 |
| Price Per Room | $90,000 |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 0.97 AC |
| Building Size | 30,260 SF |
| No. Rooms | 50 |
| No. Stories | 4 |
| Year Built | 2000 |
| Corridor | Interior |
| Opportunity Zone |
Yes |
| Zoning | C - The Blue Bay Inn is located within an Opportunity Zone and is designated for hospitality/commercial use, allowing for hotel and lodging operations. |
Amenities
- Pool
- High Speed Internet Access
- Public Access Wifi
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 5 | $165.00 | - |
| Guest Room | 45 | $84.00 | - |
1 1
Somewhat walkable
20/100
Exceptionally drivable
100/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $14,147,543 | |
| Land Assessment | $7,345,430 | Total Assessment | $21,492,973 |
Property Taxes
Parcel Numbers
Land Assessment
$7,345,430
Improvements Assessment
$14,147,543
Total Assessment
$21,492,973
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Videos
Matterport 3D Exterior
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Photos
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Blue Bay Inn & Suites | 901 Padre Blvd
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