3307 Ae Gonzales, TX 78629
- Hospitality properties
- 1.30 lot acres
Current Use by Public Records
- Hospitality properties
Property Details for 3307 Ae
- Year built
- 1960
- Lot size
- 1.30 lot acres
- Property type
- Hospitality properties
- Property subtype
- Motels
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Gonzales
- County
- Gonzales
- State
- Texas
- Longitude
- -97.4182
- Latitude
- 29.5119
