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3307 Ae Gonzales, TX 78629

For Sale
$2,450,000

Texas Motel: 54 Keys, High ROI

Description

Added:
Dec 11, 2024
Days on Market:
366
Exceptional investment opportunity awaits with the Cannon Inn, a 54-key motel located in Gonzales, Texas, at 3307 US Hwy 90 AE, zip code 78629. This established property boasts a compelling pro-forma cap rate of 25.37% and a pro-forma NOI of $621,492, representing a significant return on investment. Built in 1960, the motel comprises three buildings, each two stories high, situated on a 1.3-acre lot. The property includes city water and sewer connections. Currently operational and accepting bookings, the Cannon Inn offers immediate cash flow potential. The asking price is $2,450,000, translating to a price per key of $45,370.37. A manager's unit with a full kitchen is included, adding to the property's operational efficiency and potential for owner-user occupancy. This turnkey operation presents a rare chance to enter the hospitality industry with a proven, high-performing asset. The property's strong performance and location make it an attractive proposition for both seasoned investors and those seeking a lucrative entry point into the market. Financial details are available upon request.

Property Features for 3307 Ae

General Information

Property type
Motels
Lot Size
56,628 SF

Building Details

Year Built
1960
Buildings
3
Stories
2

HighLights

  • Exceptional investment opportunity: 54‑key motel in Gonzales, TX, offering a 25.37% pro‑forma cap rate and $621,492 pro‑forma NOI.
  • $2,450,000 asking price ($45,370.37 per key).
  • Three two‑story buildings on a 1.3‑acre lot with city water and sewer.
  • Currently operational with immediate cash flow; includes a manager's unit with a full kitchen.
  • Turnkey operation in a prime location.
Property Profile Location Intelligence

Current Use by Public Records

Motels

Map

City
Gonzales
County
Gonzales
State
Texas
Longitude
-97.4182192
Latitude
29.5118499

FAQs

What type of property is this?
Motel - Texas Motel: 54 Keys, High ROI
Where is this motel located?
The property is located at 3307 Ae Gonzales, TX.
What is the asking price?
The asking price for this property is $2,450,000.
What are key features of this property?
This property features: Exceptional investment opportunity: 54-key motel in Gonzales, TX, offering a 25.37% pro-forma cap rate and $621,492 pro-forma NOI.; $2,450,000 asking price ($45,370.37 per key).; Three two-story buildings on a 1.3-acre lot with city water and sewer.
More about this property
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