Two-Story 57-Room
For Sale
Contact for pricing
1701 Padre Blvd, South Padre Island, TX 78597
Independently branded hospitality property with an outdoor pool, guest laundry, business center, and in-room refrigerators and microwaves.
Property SizeContact for details
Days on Market145
Property Features for 1701 Padre Blvd
General Information
Standard status
Active
Property subtype
Hospitality
Net Operating Income
$344,376
Financials
Asking Price
$3,789,000
Cap Rate
9.1%
Gross Income
$840,565
Opportunity Zone
Yes
Amenities
outdoor swimming pool
guest laundry
business center
flat-screen television
microwave
refrigerator
Building Details
Year Built
2015
Buildings
1
Stories
2
Listing Agency:
HVS
(972) 755-5302
Listed By:
Andrew Frosch · License #TX 617531
Source:
Crexi
Added: Apr 11
Changed: Aug 31
Last Checked: Apr 11 at 11:38PM
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 HVS
Investment Insights
Based on property information with market context.
Located at 1701 Padre Blvd in South Padre Island, Texas, this independently branded hotel contains 57 guest rooms across two floors. Constructed in 2015, the property offers rooms equipped with flat-screen televisions, microwaves, and refrigerators. Shared amenities include an outdoor swimming pool, guest laundry, and on-site business center.
The hotel is situated less than one mile from Rockstar Beach, which attracts more than 20,000 visitors during March. The property is within the Brownsville MSA and is designated as an Opportunity Zone. It is offered fee simple without a management contract or debt, and the offering reflects a 9.1 percent capitalization rate based on January 2020 trailing-twelve-month operations.
The hotel is situated less than one mile from Rockstar Beach, which attracts more than 20,000 visitors during March. The property is within the Brownsville MSA and is designated as an Opportunity Zone. It is offered fee simple without a management contract or debt, and the offering reflects a 9.1 percent capitalization rate based on January 2020 trailing-twelve-month operations.
Key Highlights
- 57‑room hotel built in 2015 with guest accommodations across two floors
- Guest rooms include flat‑screen televisions, microwaves, and refrigerators
- Outdoor swimming pool, guest laundry, and on‑site business center
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
507
Businesses Nearby
Explore this area
Business Placement
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Hotel - Independently branded hospitality property with an outdoor pool, guest laundry, business center, and in-room refrigerators and microwaves.
Where is this hotel located?
The property is located at 1701 Padre Blvd South Padre Island, TX.
What are key features of this property?
This property features: 57‑room hotel built in 2015 with guest accommodations across two floors; Guest rooms include flat‑screen televisions, microwaves, and refrigerators; Outdoor swimming pool, guest laundry, and on‑site business center
