218 S Market St - Hospitality FOR SALE


Flatonia, TX 78941
$800,000 USD
281-389-9620
218 S Market St, Flatonia, TX for Sale
$800,000 USD
Hospitality - FOR SALE
1/10
null | Request Cap Rate

218 S Market St
Flatonia, TX 78941


HIGHLIGHTS

  • Recorded Texas Historic Landmark Iconic early-1900s brick hotel recognized by the Texas Historical Commission.
  • Fully restored and operating historic hotel with approximately 12 guest rooms plus a private cottage.
  • Centrally positioned in Flatonia along the I-10 corridor, providing convenient access between Houston, San Antonio, and Austin.
  • Income potential from overnight lodging, extended stays, private cottage rentals, group bookings, retreats, and special events.
  • Classic brick construction, tall ceilings, wide porches, and period details paired with updated infrastructure, creating a rare blend of authenticity.

OVERVIEW

The Olle Hotel is a rare opportunity to acquire a Recorded Texas Historic Landmark boutique hospitality asset in the heart of Flatonia, Texas. Originally constructed in the late 1800s and operated as a hotel since the early 1900s, the property has been thoughtfully restored and maintained to preserve its historic character while supporting modern lodging operations. The property is currently configured with approximately 12 guest rooms plus a detached private cottage, offering flexibility for short-term stays, extended stays, owner-operator use, or group/event bookings. Architectural features include classic brick construction, tall ceilings, period details, and a wide porch, all contributing to its strong destination appeal. Strategically located along the I-10 corridor between Houston, San Antonio, and Austin, the hotel benefits from regional drive-to tourism, heritage travelers, and event-based demand. The asset presents multiple revenue streams and upside potential through expanded marketing, events, retreats, or operational efficiencies. Offered as a turn-key hospitality investment or ideal for an owner-operator seeking a unique historic property with established presence and long-term value.

FOR SALE DETAILS

PRICE

$800,000 USD

PRICE/SF

$136 USD /SF

# OF ROOMS

15

PRICE/ROOM

$53,333 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Historic Hotel

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Interior

BUILDING CLASS

C

YEAR BUILT

1901

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.52 AC

LAND SF

22,500 SF

ZONING

Central Business District

APN/PARCEL ID

R27702

ASK ABOUT THIS PROPERTY

Rick MarshallThe Marshall GroupMore Info
281-389-9620

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Rick MarshallThe Marshall GroupMore Info
281-389-9620

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.