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5353 Prue Rd - Land - Candlewood Suites San Antonio Med Ctr 2.36 Acres of Commercial Land Offered at $1,799,427 CAD in San Antonio, TX 78240
Investment Highlights
- Upon approval and development of the Candlewood Suites, an investor can expect a new, 20-year license agreement with InterContinental Hotels Group.
- Strategically located less than 2 mi. from United Services Automobile Association HQ, 3 mi. from South Texas Medical Center, and 5 mi. from Six Flags.
- The offering also includes an option to develop the adjoining pad site for retail use or a quick-service restaurant (QSR).
- Strong Market Fundamentals: the local submarket lacks a midscale, extended-stay hotel product, such as a Candlewood Suites hotel.
- This offering presents an investor with the flexibility to develop a wide range of commercial real estate. The parcel is zoned C-3 General Commercial.
- Alternatively, an investor would have the ability to subdivide and sell off the pad site.
Executive Summary
For more information, please visit the HVS marketing website to electronically execute the confidentiality agreement and get access to the Virtual Deal Room (VDR): https://brokerage.hvs.com/listing/?id=152672
HVS Brokerage & Advisory, as the exclusive representative of ownership, is pleased to present the opportunity to acquire a strategically located 2.36-acre parcel totaling 102,845 square feet, fully entitled for the development of an 86-key Candlewood Suites hotel and an adjacent pad site in San Antonio, Texas. The property is located approximately three miles northwest of the South Texas Medical Center (STMC), a major hub for medical research and healthcare in the region.
PRICE REDUCTION: $1,299,000
Ownership is motivated to sell the property and has agreed to reduce the price to $1,299,000. Please contact Matthew Omansky for more details.
HVS Brokerage & Advisory, as the exclusive representative of ownership, is pleased to present the opportunity to acquire a strategically located 2.36-acre parcel totaling 102,845 square feet, fully entitled for the development of an 86-key Candlewood Suites hotel and an adjacent pad site in San Antonio, Texas. The property is located approximately three miles northwest of the South Texas Medical Center (STMC), a major hub for medical research and healthcare in the region.
PRICE REDUCTION: $1,299,000
Ownership is motivated to sell the property and has agreed to reduce the price to $1,299,000. Please contact Matthew Omansky for more details.
Property Facts
1 Lot Available
Lot
| Price | $1,799,427 CAD | Lot Size | 2.36 AC |
| Price Per AC | $762,146.00 CAD |
| Price | $1,799,427 CAD |
| Price Per AC | $762,146.00 CAD |
| Lot Size | 2.36 AC |
Parcel numbers: 1412336 & 1412337 Total acres: 2.36
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
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5353 Prue Rd - Land - Candlewood Suites San Antonio Med Ctr
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