3615 Timon Blvd - Hospitality FOR SALE


Corpus Christi, TX 78402- North Beach
$1,700,000 USD
281-684-5653
3615 Timon Blvd, Corpus Christi, TX for Sale
$1,700,000 USD
Hospitality - FOR SALE
1/16
null | Request Cap Rate

3615 Timon Blvd
Corpus Christi, TX 78402
North Beach


HIGHLIGHTS

  • High barriers-to-entry beach market - situated about a block west of North Beach, guests can easily walk to the beach area.
  • The property is available at a discount to its replacement cost at $58,620 per room, presenting a cost-effective investment opportunity.
  • The property contains a three-bedroom, three-bathroom manager’s apartment.
  • The hotel has consistently generated strong rooms revenue, averaging $633,000 (rounded) annually over the past ten years.
  • The property is conveniently located off U.S. Highway 181 and within two miles of several strong leisure demand generators in Corpus Christi.
  • Proximal to several major refineries & chemical plants, including Valero, Citgo, & Occidental Petroleum, providing steady business transient demand.

OVERVIEW

For more information, please visit the HVS marketing website to electronically execute the confidentiality agreement and get access to the Virtual Deal Room (VDR): https://brokerage.hvs.com/listing/?id=155616 HVS Brokerage & Advisory, as the sole and exclusive advisory firm to ownership, is pleased to present the opportunity to acquire the 29-key Knights Inn Corpus Christi North, a limited-service hotel asset in Corpus Christi, Texas. The property benefits significantly from its proximity to the Port of Corpus Christi, which is strategically located near major oil and gas (O&G) production areas in the United States.

FOR SALE DETAILS

PRICE

$1,700,000 USD

PRICE/SF

$149 USD /SF

# OF ROOMS

29

PRICE/ROOM

$58,621 {currency}

CAP RATE

Request Cap Rate

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Knights Inn Corpus Christi at North Beach

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1981

PARKING SPACES

34

LAND DETAILS

LAND ACRES

1.73 AC

LAND SF

75,320 SF

ZONING

B-1

APN/PARCEL ID

202084

ASK ABOUT THIS PROPERTY

281-684-5653

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281-684-5653

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