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South Padre Island Lodge 3913 Padre Blvd
57 Room Hotel South Padre Island, TX 78597 £3,521,025 (£61,772/Room)
Investment Highlights
- Central Location on Padre Blvd. and Oleander, making it easily accessible and visible on the Island.
- Remodeled in 2021, providing a more modern and updated property that likely requires less immediate capital investment.
- Price per Room: $78,947, offering a reasonable entry point for investors.
- Positioned in an Opportunity Zone, which may offer tax incentives for investors.
- 58 Rooms (including 9 suites), making it a mid-sized hotel with significant potential for steady cash flow.
Executive Summary
Property Facts
| Price | £3,521,025 | Building Size | 22,464 SF |
| Price Per Room | £61,772 | No. Rooms | 57 |
| Sale Type | Investment | Number of Floors | 2 |
| Sale Conditions | Business Value Included | Year Built | 1981 |
| Property Type | Hospitality | Parking Ratio | 2.04/1,000 SF |
| Property Subtype | Hotel | Corridor | Exterior |
| Building Class | C | Opportunity Zone |
Yes
|
| Lot Size | 1.00 AC |
| Price | £3,521,025 |
| Price Per Room | £61,772 |
| Sale Type | Investment |
| Sale Conditions | Business Value Included |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 1.00 AC |
| Building Size | 22,464 SF |
| No. Rooms | 57 |
| Number of Floors | 2 |
| Year Built | 1981 |
| Parking Ratio | 2.04/1,000 SF |
| Corridor | Exterior |
| Opportunity Zone |
Yes |
Amenities
- Pool
About 3913 Padre Blvd , South Padre Island, TX 78597
This newly remodeled, two-story hotel property is located at the high-traffic intersection of Padre Blvd. and Oleander, centrally positioned on South Padre Island. Originally built in 1981, the property underwent a significant renovation in 2021, offering a modern and well-maintained structure with a total of 58 rooms (including 9 suites and 48 guest rooms). The building spans 22,464 SF on a 1-acre lot, providing ample space for guests and convenient amenities. With a price tag of $4,500,000, this property is an ideal investment opportunity within an Opportunity Zone, offering the potential for long-term tax benefits. The property is classified as a Class C building, making it an affordable option for those looking to enter the hospitality market. The hotel offers a 2.04/1,000 SF parking ratio, providing plenty of parking for guests, and benefits from proximity to major airports, including Brownsville/South Padre Island International Airport (25.6 miles) and Valley International Airport (48.4 miles). This property is well-suited for investors seeking a stable income-producing asset in a popular tourist destination, with significant potential for both short-term revenue and long-term capital appreciation.
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 9 | £109.54 | - |
| Guest Room | 48 | £37.56 | - |
PROPERTY TAXES
| Parcel Number | 677850-1080-005000 | Improvements Assessment | £0 |
| Land Assessment | £0 | Total Assessment | £2,175,112 |
PROPERTY TAXES
zoning
| Zoning Code | C |
| C |
-
Telma Lopez - Nexus Real Estate Services Inc.
Presented by
Nexus Real Estate Services Inc.
South Padre Island Lodge | 3913 Padre Blvd
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