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    1500 Tx-359 Mathis, TX 78368

    For Sale
    $1,799,900

    55-Key Motel, Prime Investment Opportunity

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    Exceptional investment opportunity awaits with the Lakeside Inn & Suites in Mathis, Texas. This well-established 55-key motel, situated on a spacious 3.48-acre lot, presents a compelling proposition for discerning investors. Built in 1994, the property boasts 53 comfortable guest rooms, catering to both business and leisure travelers. Its convenient location at 1500 TX-359 in Mathis, San Patricio County, Texas, 78368 (28.1066334, -97.8202855) offers easy access to local amenities and attractions. The asking price for this turnkey operation is $1,799,900. This represents a significant opportunity to acquire a proven hospitality asset in a growing market. The motel's established presence and comfortable accommodations provide a solid foundation for continued success and potential for future growth. The substantial land area also offers potential for expansion or further development, adding to the overall investment appeal. This is a rare chance to own a well-maintained motel with a strong track record in a desirable location. Serious inquiries are encouraged to explore this lucrative investment opportunity further. Detailed financial information and operational data are available upon request. Don't miss this chance to acquire a thriving hospitality business in Texas.

    Property Features for 1500 Tx-359

    General Information

    Property type
    Motels

    HighLights

    • $1,799,900 asking price.
    • Hospitality property, Motel subtype.
    • 55 keys.
    • Located in Mathis, TX at 1500 TX‑359, San Patricio County, zip code 78368.
    • 53 comfortable rooms on a 3.48‑acre lot.
    • Built in 1994.
    Property Profile Location Intelligence

    Current Use by Public Records

    Motels

    Map

    City
    Mathis
    County
    San Patricio
    State
    Texas
    Longitude
    -97.8202855
    Latitude
    28.1066334

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    FAQs

    What type of property is this?
    Motel - 55-Key Motel, Prime Investment Opportunity
    Where is this motel located?
    The property is located at 1500 Tx-359 Mathis, TX.
    What is the asking price?
    The asking price for this property is $1,799,900.
    What are key features of this property?
    This property features: $1,799,900 asking price.; Hospitality property, Motel subtype.; 55 keys.
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1500 Tx-359 Mathis, TX 78368
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