2620 Santa Ursula Ave - Hospitality FOR SALE


Laredo, TX 78040
$5,100,000 USD
661-978-3109
2620 Santa Ursula Ave, Laredo, TX for Sale
$5,100,000 USD
Hospitality - FOR SALE
1/17
null | 14.02% Cap Rate

2620 Santa Ursula Ave
Laredo, TX 78040


HIGHLIGHTS

  • Recent $600K renovation
  • Two-bedroom manager’s apartment on site
  • “The Kaxi Restaurant” on site | $30K annual restaurant lease income (beginning in January 2026) | recently underwent $200k renovation
  • 2024 T-12 revenue: $1,315,085
  • 26%+ projected cash-on-cash return
  • 65.4% occupancy | outperforming the comp set in ADR

OVERVIEW

Strong Financial Performance: Priced at $5.1M with a projected 26 %+ cash-on-cash return and a 12.30% cap rate; current occupancy of 65.4% with ADR outperforming the comp set. ** Recent Renovations: $ 600 K in recent renovations completed in June 2023, including full upgrades to rooms and a two-bedroom manager’s apartment, minimizing PIP requirements for a new buyer. ** Ancillary Income Stream: On-site full-service restaurant, fully renovated by tenant ($200K invested), under lease to produce $30K annually starting January 2026—boosting NOI and asset value. ** Diverse Demand Drivers: Surrounded by trade, logistics, retail, government, healthcare, and education, ensuring stable occupancy from both commercial and leisure segments. ** Strategic Border Location: Ideally positioned off I-35 in Laredo, one of the busiest international trade corridors in the U.S., with immediate access to the U.S.–Mexico border and major logistics hubs. ** Favorable Financing Available: SBA 7A and 504 financing options pre-approved through multiple lenders, requiring only 20–25% down for qualified buyers.

FOR SALE DETAILS

PRICE

$5,100,000 USD

PRICE/SF

$192 USD /SF

# OF ROOMS

72

PRICE/ROOM

$70,833 {currency}

CAP RATE

14.02%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Econo Lodge Inn & Suites Laredo

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1965

PARKING SPACES

66

LAND DETAILS

LAND ACRES

1.12 AC

LAND SF

48,761 SF

ZONING

B-3

APN/PARCEL ID

163852

ASK ABOUT THIS PROPERTY

Subhash NaikHotel Brokers of AmericaMore Info
661-978-3109

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Subhash NaikHotel Brokers of AmericaMore Info
661-978-3109

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