6350 Interstate 35 San Antonio, TX 78218-4403
- Hotels
- 56,061 SF
- 2.00 lot acres
Feb 01, 2025
Current Use by Public Records
- Quality Suites / Hotel
Property Details for 6350 Interstate 35
- Year built
- 1996
- Lot size
- 2.00 lot acres
- Property size
- 56,061 SF
- Property type
- Hotels
- APN
- 12191-000-0270
- APU
- 121910000270
Description
This fee-simple, 105-key Quality Suites hotel in San Antonio, Texas, presents a compelling value-add investment opportunity. Boasting 56,061 square feet across three stories, this property, built in 1996 and renovated in 2020, sits on a two-acre lot with 95 parking spaces. The hotel's strategic location on Interstate 35 offers excellent highway visibility and accessibility, placing it near numerous attractions and 34 restaurants within a three-quarter-mile radius. Currently operating at 47% occupancy (as of December 31, 2023), the hotel generates a NOI of $526,000, yielding a 9.15% cap rate. The asking price is $5,750,000 ($102.57/sq ft and $54,761.90/key). Amenities include free hot breakfast, Wi-Fi, and parking, along with 24-hour reception and laundry facilities. Each suite features cable TV, a microwave, and a refrigerator. The property is zoned C-3 and offers a minimal franchise transfer PIP for the new owner. This is a rare chance to acquire a well-situated hotel in a thriving Texas market.
Value Estimations
-
AI approach
- Method
- Estimation
- ML approach
- $895,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $686,000
Market price range: $687k - $2.38M
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Location Insight
- Map
- Local Demand
- City
- San Antonio
- County
- Bexar
- State
- Texas
- Longitude
- -98.4012
- Latitude
- 29.487
- CBSA code
- 41700
- CBSA name
- SAN ANTONIO, TX METROPOLITAN STATISTICAL AREA
