9503 Interstate 35 San Antonio, TX 78233-6606
- Hotels
- 30,464 SF
- 1.69 lot acres
Jan 05, 2022
Current Use by Public Records
- Econo Lodge San Antonio Northeast I-35 / Hotel
Property Details for 9503 Interstate 35
- Year built
- 1972
- Lot size
- 1.69 lot acres
- Property size
- 30,464 SF
- Property type
- Hotels
- APN
- 14043-002-0051
- APU
- 140430020051
Description
This exceptional value-add opportunity presents a 113-key Econo Lodge hotel in San Antonio, Texas. Situated on a 1.69-acre lot at 9503 N Interstate 35, this two-story, 38,043 square foot property boasts a prime location directly on I-35 in the Northeast submarket. Built in 1972, the hotel offers significant upside potential due to current underperformance attributed to absentee management. A hands-on operator can capitalize on this opportunity to improve operational efficiency and increase profitability. The asking price is $3,290,000, representing a price per key of $29,115.04 and a price per square foot of $86.48. The property currently generates a Net Operating Income (NOI) of $90,986, resulting in a 2.77% capitalization rate. Conveniently located, the hotel is a 10-minute drive from San Antonio International Airport and a 15-minute drive from the vibrant Downtown San Antonio, including the Riverwalk and The Alamo. Its proximity to I-35 ensures high visibility and accessibility. The property is zoned for commercial use and presents a compelling investment opportunity for those seeking to enhance a currently underperforming asset. This is a rare chance to acquire a well-positioned hotel with substantial growth potential in a thriving Texas market.
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
- San Antonio
- County
- Bexar
- State
- Texas
- Longitude
- -98.3944
- Latitude
- 29.5259
- CBSA code
- 41700
- CBSA name
- SAN ANTONIO, TX METROPOLITAN STATISTICAL AREA
