Current Use by Public Records
- Hospitality properties
Property Details for 7202 Access Rd
- Year built
- 1969
- Lot size
- 2.39 lot acres
- Property type
- Hospitality properties
- Property subtype
- Motels
Description
This 122-key Baymont by Wyndham hotel in San Antonio, Texas, presents a compelling value-add investment opportunity. Located on a 2.39-acre lot directly off Interstate 35, this two-story, 44,716 square foot property boasts excellent visibility and high traffic exposure. Built in 1969 and partially renovated in 2022, the hotel offers significant potential for increased revenue through owner-operator management. Its prime location offers easy access to major attractions including the Riverwalk, the Alamo, and the Tower of the Americas, as well as the San Antonio Zoo, Botanical Gardens, and AT&T Center, all within a short drive. Furthermore, its proximity to Lackland Air Force Base and San Antonio International Airport (SAT) provides a consistent stream of potential guests. The property is zoned commercial and offers a current NOI of $279,627, resulting in a 6.58% cap rate. Priced at $4,250,000, this represents a price per key of $34,836.07, making it an attractive acquisition for investors seeking a strong return on investment. The property's potential for conversion to multi-family housing adds another layer of investment appeal. This is an absentee owner property.
Value Estimations
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- San Antonio
- County
- Bexar
- State
- Texas
- Longitude
- -98.5266
- Latitude
- 29.3552
