8700 Gulf Fwy - Hospitality FOR SALE


Houston, TX 77017- Greater Hobby Area
$5,250,000 USD
713-405-7480
8700 Gulf Fwy, Houston, TX for Sale
$5,250,000 USD
Hospitality - FOR SALE
1/23
null | Request Cap Rate

8700 Gulf Fwy
Houston, TX 77017
Greater Hobby Area


HIGHLIGHTS

  • Hospitality-Style Layout & On-Site Amenities
  • Strategic Location & Demand Drivers
  • Recently Renovated Asset with Near-Term CapEx Advantages
  • Scaled Hospitality Asset with Strong Revenue Potential
  • Opportunity for Revenue Growth and Operational Optimization

OVERVIEW

Located along the high-visibility 8700 Gulf Freeway corridor with direct access to Interstate 45, this asset is a repositioned hospitality to-multifamily conversion operating as workforce housing in a demand-driven submarket. The property features copper wiring, recent capital improvements—including two roofs replaced in 2024--and 9 fully renovated units, supporting both operational stability and continued value-add potential. Positioned between Downtown Houston and the Hobby Airport area, the asset benefits from strong visibility and accessibility, offering investors a cash-flowing opportunity with upside through further unit upgrades and operational optimization

FOR SALE DETAILS

PRICE

$5,250,000 USD

PRICE/SF

$118 USD /SF

# OF ROOMS

80

PRICE/ROOM

$65,625 {currency}

CAP RATE

Request Cap Rate

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Residencias Hobby

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1960

PARKING SPACES

80

LAND DETAILS

LAND ACRES

1.9 AC

LAND SF

82,625 SF

ZONING

F1

APN/PARCEL ID

0642150000027

ASK ABOUT THIS PROPERTY

Matthew BeanPartnersMore Info
713-405-7480

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Matthew BeanPartnersMore Info
713-405-7480

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