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Ocean Inn 4013 Padre Blvd

53 Room Hotel South Padre Island, TX 78597 £2,026,546 (£38,237/Room)

Investment Highlights

  • Guest Rooms: 53
  • Price Per Room: $52,642
  • Average Daily Rate: $60.00 per room
  • Pool

Executive Summary

This two-story, 53-room hotel offers an excellent investment opportunity in a location within an Opportunity Zone. It features essential amenities such as a pool, high-speed internet, and public WiFi, with a smoke-free environment. The property is zoned for commercial use, providing flexibility for future development or repurposing. The property is also conveniently located near two airports: Brownsville/South Padre Island International (38 minutes away) and Valley International Airport (64 minutes away).

Property Facts

Price £2,026,546 Building Size 13,854 SF
Price Per Room £38,237 No. Rooms 53
Sale Type Investment Number of Floors 2
Property Type Hospitality Year Built 1983
Property Subtype Hotel Corridor Exterior
Building Class C Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Lot Size 1.00 AC
Price £2,026,546
Price Per Room £38,237
Sale Type Investment
Property Type Hospitality
Property Subtype Hotel
Building Class C
Lot Size 1.00 AC
Building Size 13,854 SF
No. Rooms 53
Number of Floors 2
Year Built 1983
Corridor Exterior
Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Amenities

  • Pool
  • High Speed Internet Access
  • Public Access Wi-Fi
  • Smoke-Free

Room Mix Information

Description No. Rooms Daily Rate SF
Guest Room 53 £46.95 -
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4013 Padre Blvd, South Padre Island, TX - aerial map view

PROPERTY TAXES

Parcel Number 676400-1110-007000 Improvements Assessment £357,465
Land Assessment £498,421 Total Assessment £855,886

PROPERTY TAXES

Parcel Number
676400-1110-007000
Land Assessment
£498,421
Improvements Assessment
£357,465
Total Assessment
£855,886

zoning

Zoning Code Commercial
Commercial
  • Telma Lopez
    Telma Lopez
  • Nexus Real Estate Services Inc.
(956) 755-9560

  • Listing ID: 33675173

  • Date on Market: 29/10/2024

  • Last Updated:

  • Address: 4013 Padre Blvd, South Padre Island, TX 78597

The Hospitality Property at 4013 Padre Blvd, South Padre Island, TX 78597 is currently available For Sale. Contact Nexus Real Estate Services Inc. for more information.

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4013 Padre Blvd, South Padre Island, TX for sale Primary Photo- Image 1 of 5
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© 2024 CoStar Group

Ocean Inn | 4013 Padre Blvd
(956) 755-9560 x

Ocean Inn | 4013 Padre Blvd

Telma Lopez

(956) 755-9560

(956) 755-9560

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