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South Padre Island Inn 4109 Padre Blvd 49 Room Hotel South Padre Island, TX 78597 $5,353,435 CAD ($109,254 CAD/Room) 3.49% Cap Rate
Executive Summary
SPI INN Hotel, 49 Rooms located on main Boulevard, and close to the Bay, including 2-bedroom Suite with Kitchen and spacious living area.
Property tax $33,357
Property tax $33,357
Property Facts
| Price | $5,353,435 CAD | Lot Size | 1.08 AC |
| Price Per Room | $109,254 CAD | Building Size | 21,430 SF |
| Sale Type | Investment | No. Rooms | 49 |
| Cap Rate | 3.49% | No. Stories | 2 |
| Property Type | Hospitality | Year Built | 1995 |
| Property Subtype | Hotel | Corridor | Exterior |
| Building Class | B | Opportunity Zone |
Yes
|
| Zoning | C - Main Bloulevard, close to the Bay. | ||
| Price | $5,353,435 CAD |
| Price Per Room | $109,254 CAD |
| Sale Type | Investment |
| Cap Rate | 3.49% |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 1.08 AC |
| Building Size | 21,430 SF |
| No. Rooms | 49 |
| No. Stories | 2 |
| Year Built | 1995 |
| Corridor | Exterior |
| Opportunity Zone |
Yes |
| Zoning | C - Main Bloulevard, close to the Bay. |
Amenities
- Pool
- Meeting Event Space
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Guest Room | 49 | $113.85 CAD | - |
1 1
Property Taxes
| Parcel Number | 676400-1150-001100 | Improvements Assessment | $700,559 CAD |
| Land Assessment | $1,799,645 CAD | Total Assessment | $2,500,203 CAD |
Property Taxes
Parcel Number
676400-1150-001100
Land Assessment
$1,799,645 CAD
Improvements Assessment
$700,559 CAD
Total Assessment
$2,500,203 CAD
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South Padre Island Inn | 4109 Padre Blvd
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