901 Padre Blvd - Hospitality FOR SALE


South Padre Island, TX 78597
$4,500,000 USD
956-755-9560
901 Padre Blvd, South Padre Island, TX for Sale
$4,500,000 USD
Hospitality - FOR SALE
1/4
null | Request Cap Rate

901 Padre Blvd
South Padre Island, TX 78597


OVERVIEW

Excellent opportunity to acquire a bay front 50 room hotel in a high traffic area of South Padre Island, TX. The hotel is a short distance to the beach, and is also in walking distance to quite a few retailers. The coastline is a 34 mile long beach and has several extensive nature tourism market drivers, world-class wind and water recreational activities, an entertainment district, and local restaurants. South Padre Island, TX, is located in the southern part of the state and is a popular drive-to-beach destination for travelers.

FOR SALE DETAILS

PRICE

$4,500,000 USD

PRICE/SF

$149 USD /SF

# OF ROOMS

50

PRICE/ROOM

$90,000 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Blue Bay Inn & Suites

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

4

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

2000

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.97 AC

LAND SF

42,253 SF

ZONING

C

APN/PARCEL ID

10063-00-000-0000-70,676410-0030-005000

ASK ABOUT THIS PROPERTY

Telma LopezColdwell Banker Commercial Rio Grande ValleyMore Info
956-755-9560

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Telma LopezColdwell Banker Commercial Rio Grande ValleyMore Info
956-755-9560

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