3307 Ae Gonzales, TX 78629

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.