Current Use by Public Records
- Motel 6 San Antonio, TX - Fort Sam Houston / Hotel & Motel
Property Details for 5522 Panam Expy
- Year built
- 1981
- Lot size
- 2.27 lot acres
- Property type
- Hospitality properties
- Property subtype
- Motels
Description
This exceptional 155-key hotel in San Antonio, Texas, presents a compelling investment opportunity. Boasting 46,000 square feet on a 2.274-acre lot, this two-story, 1981-built property is strategically located on the North PanAm Expressway, offering excellent visibility and accessibility from Highway I-35. Just 10 minutes from downtown San Antonio and the Riverwalk, and near the Henry B. Gonzalez Convention Center, the hotel benefits from a vibrant surrounding area with ample shopping, dining, and entertainment options. The property features all standard hotel amenities, including Wi-Fi, free parking, complimentary coffee, free cable, an outdoor pool, and pet-friendly accommodations. An on-site manager's apartment adds to its operational efficiency. Financial highlights include a current asking price of $6,300,000 ($136.96/sq ft and $40,645.16/key), a Net Operating Income (NOI) of $912,365, and a 14.48% cap rate. Strong occupancy and revenue in 2022 demonstrate the property's potential. The property is zoned for commercial use and presents a unique opportunity for conversion to multi-family or apartment units. This below-replacement-cost offering presents a strong return on investment for a savvy buyer. The property is offered free and clear of any ground lease.
Value Estimations
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- San Antonio
- County
- Bexar
- State
- Texas
- Longitude
- -98.4023
- Latitude
- 29.482
