104-Room Hotel with Outdoor
For Sale
Contact for pricing
Pending
1943 Medical Dr, Lakeway, TX 78734
Four-story lodging property with fitness, laundry, breakfast, banquet, market, and guest workspace amenities.
Property Size30,000 SF
Lot Size0.69 Acres
Days on Market142
Property Features for 1943 Medical Dr
General Information
Standard status
Pending
Size
30,000 SF
Lot size
0.69 Acres
Property subtype
Hospitality
Additional Details
Asking Price
$8,500,000
Amenities
outdoor pool
outdoor patio
fitness room
two lobby workstations
market pantry
guest laundry room
vending area
breakfast dining area
banquet space
Building Details
Year Built
2020
Buildings
1
Stories
4
Listing Agency:
Marcus & Millichap - Dallas
(972) 755-5302
Listed By:
Chris Gomes · License #TX 0591152
Source:
Crexi
Added: Apr 12
Changed: Aug 31
Last Checked: Aug 31 at 3:45AM
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 Marcus & Millichap - Dallas
Investment Insights
Based on property information with market context.
The offering comprises a leasehold interest in a 104-room hotel completed in 2020. The four-story building contains approximately 30,000 square feet across four floors on a 0.69-acre site. Guest-oriented improvements include an outdoor pool and patio, fitness room, lobby workstations, market pantry, guest laundry, vending area, breakfast dining, and banquet facilities with wedding-hosting capacity.
Located at 1943 Medical Drive near RM 620 in Lakeway, the property is approximately 19 miles northwest of Downtown Austin and 25 miles from Austin-Bergstrom International Airport. Baylor Scott & White Medical Center Lakeway is 1.8 miles away, while Lake Travis is 6.0 miles away and Hill Country Galleria is 4.0 miles away. The University of Texas is 23.4 miles from the hotel, with additional nearby corporate and recreational destinations throughout the Austin area.
Located at 1943 Medical Drive near RM 620 in Lakeway, the property is approximately 19 miles northwest of Downtown Austin and 25 miles from Austin-Bergstrom International Airport. Baylor Scott & White Medical Center Lakeway is 1.8 miles away, while Lake Travis is 6.0 miles away and Hill Country Galleria is 4.0 miles away. The University of Texas is 23.4 miles from the hotel, with additional nearby corporate and recreational destinations throughout the Austin area.
Key Highlights
- 104‑room, four‑story hotel built in 2020
- Approximately 30,000 square‑feet across four floors
- Leasehold interest on a 0.69‑acre site
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,194
Businesses Nearby
Explore this area
Business Placement
Demographics for 78734, TX
22,963
Population
10,885
Households
2.1
Avg Household Size
47
Median Age
59%
College-Educated
94%
High-School Grad
18.9 sq mi
ZIP Area
1,215
Density / Sq Mi
$129,116
Median Household Income
$67,881
Median Earnings
$1,930
Median Rent
$626,100
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Hotel - Four-story lodging property with fitness, laundry, breakfast, banquet, market, and guest workspace amenities.
Where is this hotel located?
The property is located at 1943 Medical Dr Lakeway, TX.
What are key features of this property?
This property features: 104‑room, four‑story hotel built in 2020; Approximately 30,000 square‑feet across four floors; Leasehold interest on a 0.69‑acre site
