9307 S Padre Island Dr - Hospitality FOR SALE


Corpus Christi, TX 78418- Flour Bluff
$7,300,000 USD
956-237-8054
9307 S Padre Island Dr, Corpus Christi, TX for Sale
$7,300,000 USD
Hospitality - FOR SALE
1/4
null | 8.77% Cap Rate

9307 S Padre Island Dr
Corpus Christi, TX 78418
Flour Bluff


HIGHLIGHTS

  • Extended Stay
  • Limited PIP
  • Upside Management

OVERVIEW

The Best Western Executive Residency in Corpus Christi presents a compelling extended-stay investment opportunity with identifiable operational upside and limited near-term capital requirements. The property benefits from minimal PIP exposure and strong proximity to Naval Air Station Corpus Christi, positioning it to capture stable extended-stay demand from military, government, and workforce segments. Current performance reflects conservative operating assumptions and provides a clear path toward stabilization. Year 1 NOI is projected at approximately $640,000, with stabilization projected above $725,000 as occupancy and ADR trend toward market levels. Importantly, the asset includes an existing bar and food & beverage component that is currently underutilized. Activating this space through focused management and targeted programming presents a measurable opportunity to enhance top-line revenue and further improve operating margins. This upside is reflected in the pro forma ramp-up and represents a controllable growth lever for a hands-on operator. With limited capital needs, extended-stay durability, and identifiable revenue enhancement opportunities, this offering is well suited for experienced operators seeking a branded asset with embedded growth potential.

FOR SALE DETAILS

PRICE

$7,300,000 USD

PRICE/SF

$144 USD /SF

# OF ROOMS

92

PRICE/ROOM

$79,348 {currency}

CAP RATE

8.77%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Best Western Executive Residency Corpus

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

4

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

2020

PARKING SPACES

97

LAND DETAILS

LAND ACRES

1.83 AC

LAND SF

79,715 SF

ZONING

B-3

APN/PARCEL ID

259133

ASK ABOUT THIS PROPERTY

Adrian RamirezBlack Rock Commercial Real EstateMore Info
956-237-8054

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Adrian RamirezBlack Rock Commercial Real EstateMore Info
956-237-8054

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