Turnkey Resort and Beach
For Sale
Contact for pricing
Pending
3616 Gulf Blvd, South Padre Island, TX 78597
Turnkey resort and café offering hotel meeting space for up to 30 and an on-site in-house laundry facility.
Property SizeContact for details
Days on Market126
Property Features for 3616 Gulf Blvd
General Information
Standard status
Pending
Property subtype
Hospitality, Office
Financials
Cap Rate
10.9%
Business Included
Yes
Additional Details
Furnished
Yes
Amenities
meeting facilities
lobby/gift shop
Listing Agency:
Troy Giles Realty
Listed By:
Troy Giles · License #183902-B
Source:
Crexi
Added: Apr 10
Changed: Aug 8
Last Checked: Aug 11 at 8:13PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Troy Giles Realty
Investment Insights
Based on property information with market context.
The Palms Resort and Café on the Beach is being offered as a turnkey hospitality sale with operating supplies, inventory, furniture, fixtures, and equipment included in the purchase price. Following a recent two-story addition, the resort features meeting facilities for up to 30 persons, along with an attractive lobby/gift shop, administrative area, maintenance area, and an in-house laundry facility with storage for housekeeping supplies.
In addition to the hotel operations, the Café on the Beach is part of the enterprise, generating a majority of the revenue and net profit for the café business within the overall operation. The property is managed by an on-site manager, and both entities are supported by experienced, long-term employees.
A financial summary is available for qualified investors or owner/operators, with more detailed financials provided upon execution of a Confidentiality Agreement. A broker is requested prior to any visit to the property.
In addition to the hotel operations, the Café on the Beach is part of the enterprise, generating a majority of the revenue and net profit for the café business within the overall operation. The property is managed by an on-site manager, and both entities are supported by experienced, long-term employees.
A financial summary is available for qualified investors or owner/operators, with more detailed financials provided upon execution of a Confidentiality Agreement. A broker is requested prior to any visit to the property.
Key Highlights
- 2018 results: nearly $2.3M revenue with $591,900 net profit.
- The Palms Resort includes hotel meeting facilities for up to 30 persons plus lobby/gift shop, administrative and maintenance areas.
- In‑house laundry facility with storage for housekeeping supplies is included on‑site.
Property Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
502
Businesses Nearby
47k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 39%
Groceries 36%
Shops & Services 15%
Home Improvements & Furnishings 6%
Whataburger
Dining
15,044 visits/mo
0.3 miles
Blue Marlin IGA
Groceries
13,744 visits/mo
0.3 miles
Stripes
Shops & Services
3,863 visits/mo
0.4 miles
KFC
Dining
3,355 visits/mo
0.3 miles
Stripes
Shops & Services
3,317 visits/mo
0.4 miles
Demographics for 78597, TX
2,479
Population
5,895
Households
0.4
Avg Household Size
56
Median Age
53%
College-Educated
92%
High-School Grad
8.8 sq mi
ZIP Area
282
Density / Sq Mi
$61,357
Median Household Income
$36,843
Median Earnings
$1,421
Median Rent
$508,800
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Resort - Turnkey resort and café offering hotel meeting space for up to 30 and an on-site in-house laundry facility.
Where is this resort located?
The property is located at 3616 Gulf Blvd South Padre Island, TX.
What are key features of this property?
This property features: 2018 results: nearly $2.3M revenue with $591,900 net profit.; The Palms Resort includes hotel meeting facilities for up to 30 persons plus lobby/gift shop, administrative and maintenance areas.; In‑house laundry facility with storage for housekeeping supplies is included on‑site.
