1411 State Hwy 100 Laguna Heights, TX 78578-2896

Property Details for 1411 State Hwy 100

Year built

1991

Lot size

0.37 lot acres

Property size

1,800 SF

Zone code

C

Property type

Commercial real estate

APN

72-7500-0800-0010-00

APU

7275000800001000

Description

This exceptional investment opportunity presents a 60-unit hotel situated at 1411 State Highway 100, Laguna Heights, Texas, 78578. The property, built in 1986, sits on a substantial 16,023.98 square foot lot and is offered at an asking price of $2,700,000. The Executive Inn boasts a desirable location near South Padre Island, making it an attractive destination for tourists and travelers. The hotel features a mix of room configurations, including 21 units with kitchenettes and the remaining units equipped with either two queen beds or one king-size bed. Modern amenities include microwaves in each room, a functioning swimming pool, and recently updated furniture throughout. This turnkey operation presents a strong potential for immediate income generation. The seller is offering owner financing with a 20% down payment and a five-year balloon payment, making this an even more compelling proposition for serious investors. The property's classification includes both Commercial and Hotel subtypes, reflecting its versatile nature and potential for diverse revenue streams. This coastal Texas hotel presents a rare opportunity to acquire a well-established business with significant upside potential. Detailed financial information is available upon request. The property is conveniently located in Cameron County, Texas.