1807 3rd Pts Rd Pflugerville, TX 78660-1126

This newly constructed, 56-key hotel in Pflugerville, Texas, presents a compelling value-add investment opportunity. Boasting a prime location near I-35 and downtown Austin, the four-story, single-building property sits on a 0.9-acre lot and features 34 rooms with kitchenettes. Currently operating at 68% occupancy (as of October 24, 2023), the hotel offers significant upside potential. The property's strong NOI of $630,000, coupled with a projected first-year income exceeding $1.4 million, demonstrates its financial strength. With an asking price of $6,511,000 and a price-per-key of $116,267.86, this represents a unique chance to acquire a fee-simple, unencumbered hotel in a rapidly growing market. Projected metrics include an ADR of $99 and a RevPAR of $72 with a projected occupancy of 72%. The hotel's modern design and convenient location cater to both leisure and business travelers, offering a blend of comfort and accessibility. Its proximity to major transportation routes and the vibrant Austin area ensures strong visibility and demand. Several franchises have expressed interest in branding the property, further enhancing its investment appeal. The property is ready for immediate operation. The Travis County property (APN 278475) offers a rare combination of new construction, strong performance, and significant growth potential.