512-743-7885
4 Depot st, Elgin, TX for Sale
Hospitality - FOR SALE
1/35
null | Request Cap Rate

4 Depot st
Elgin, TX 78621


OVERVIEW

Originally built in 1897 as a "Christian Saloon," this property has been reimagined as a premier hospitality asset while preserving its 19th-century soul. Elgin is one of the fastest-growing frontiers of the Austin metro. The grand foyer features meticulously restored historic windows and a classic marble floor that set the tone for a luxury boutique experience and make an unforgettable first impression. 4 suites upstairs with ensuite bathrooms, half bath downstairs. 5th bonus room under the stairs, and a historic restored bar. Kitchen and butler pantry with prep area for events. The asset has been used as a short-term rental and second home and has not been grown to its full potential. This is a great opportunity for a buyer to build the business. The business with branding, contracts, and (most) furnishings and linens for a turnkey operation are available and negotiable. Hot tub and state of the art 120 inch laser TV installed. Weddings and events have been in demand but many leads have been overlooked, the typical one-day fee for an event is $1250-$1500 and then the rental of suites when combined with the event is offered for a special price discounted price for $500 for one night $700 for two nights and $900 for three nights. so typically would run ~$2000-$2500 for the event plus accommodations.

FOR SALE DETAILS

PRICE

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# OF ROOMS

4

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The McKinley Inn

PROPERTY TYPE

Hospitality

ADD'L SUBTYPES

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TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

-

YEAR BUILT

1897

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.09 AC

LAND SF

3,920 SF

ZONING

C2 Commercial Downtown

APN/PARCEL ID

12379

ASK ABOUT THIS PROPERTY

Jeremy KunzingerAustin Homes Team/ Austin Property ManagementMore Info
512-743-7885

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Jeremy KunzingerAustin Homes Team/ Austin Property ManagementMore Info
512-743-7885

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