815 S US Highway 281 - Hospitality FOR SALE


Alice, TX 78332
$1,300,000 USD
281-701-5757
815 S US Highway 281, Alice, TX for Sale
$1,300,000 USD
Hospitality - FOR SALE
1/15
null | Request Cap Rate

815 S US Highway 281
Alice, TX 78332


HIGHLIGHTS

  • 95 Rooms
  • 4.36 Acres

OVERVIEW

OYO Hotel property located at 815 S Hwy 281 in Alice, Texas. The hotel features a total of 95 rooms, along with additional amenities such as a restaurant, banquet hall, bar, and pool. These facilities provide opportunities for revenue generation through various channels, including room reservations, on-site dining, and hosting events. The hotel was originally built in 1965. While it has been well-maintained, some areas are in need of updates to enhance the overall guest experience and remain competitive in the market. These updates can range from cosmetic improvements to more extensive renovations, as deemed necessary. The property encompasses 4.3 acres of land. This allows for the possibility of increasing the number of available rooms or adding new amenities to further attract guests. In conclusion, the hotel at 815 S Hwy 281 in Alice, Texas presents an exciting investment opportunity in the hospitality industry. With its 95 rooms, restaurant, banquet hall, bar, and pool, the hotel has significant potential for revenue generation. While some updates may be required, the hotel's location, 45 miles West of Corpus Christi, and existing amenities make it a promising investment. With proper management and strategic improvements, this hotel can cater to both business and leisure travelers, contributing to its long-term success and profitability. CO/ Listing Agent: Jeff Joseph 281-948-1446

FOR SALE DETAILS

PRICE

$1,300,000 USD

PRICE/SF

$77 USD /SF

# OF ROOMS

95

PRICE/ROOM

$13,684 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

OYO Hotel Alice TX Hwy 281 West

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1965

PARKING SPACES

99

LAND DETAILS

LAND ACRES

4.36 AC

LAND SF

189,922 SF

ZONING

C

APN/PARCEL ID

11101-027-000-00

ASK ABOUT THIS PROPERTY

Cynthia JosephUTR-Texas RealtorsMore Info
281-701-5757

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Cynthia JosephUTR-Texas RealtorsMore Info
281-701-5757

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