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8700 Gulf Fwy
Houston, TX 77017
Residencias Hobby · Hospitality Property For Sale
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80 Rooms
Investment Highlights
- Hospitality-Style Layout & On-Site Amenities
- Recently Renovated Asset with Near-Term CapEx Advantages
- Opportunity for Revenue Growth and Operational Optimization
- Strategic Location & Demand Drivers
- Scaled Hospitality Asset with Strong Revenue Potential
Executive Summary
Located along the high-visibility 8700 Gulf Freeway corridor with direct access to Interstate 45, this asset is a repositioned hospitality to-multifamily conversion operating as workforce housing in a demand-driven submarket. The property features copper wiring, recent capital improvements—including two roofs replaced in 2024--and 9 fully renovated units, supporting both operational stability and continued value-add potential. Positioned between Downtown Houston and the Hobby Airport area, the asset benefits from strong visibility and accessibility, offering investors a cash-flowing opportunity with upside through further unit upgrades and operational optimization
Property Facts
| Price Per Room | $90,641 CAD | No. Rooms | 80 |
| Sale Type | Investment | No. Stories | 2 |
| Property Type | Hospitality | Year Built/Renovated | 1960/2023 |
| Property Subtype | Hotel | Tenancy | Single |
| Building Class | C | Parking Ratio | 1.8/1,000 SF |
| Lot Size | 1.90 AC | Corridor | Exterior |
| Building Size | 44,392 SF | ||
| Zoning | F1 | ||
| Price Per Room | $90,641 CAD |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 1.90 AC |
| Building Size | 44,392 SF |
| No. Rooms | 80 |
| No. Stories | 2 |
| Year Built/Renovated | 1960/2023 |
| Tenancy | Single |
| Parking Ratio | 1.8/1,000 SF |
| Corridor | Exterior |
| Zoning | F1 |
Amenities
- Pool
- High Speed Internet Access
- Patio
- Public Access Wifi
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Guest Room | 80 | $84.25 CAD | - |
Property Taxes
| Parcel Number | 0642150000027 | Improvements Assessment | $1,093,016 CAD |
| Land Assessment | $1,487,872 CAD | Total Assessment | $2,580,888 CAD |
Property Taxes
Parcel Number
0642150000027
Land Assessment
$1,487,872 CAD
Improvements Assessment
$1,093,016 CAD
Total Assessment
$2,580,888 CAD
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