5522 Panam ExpySan Antonio, TX 78218

For Sale
$6,300,000

155-Key Hotel, High ROI, Prime Location

Overview

Added:
Dec 11, 2024
Days on market:
95
This exceptional 155-key hotel in San Antonio, Texas, presents a compelling investment opportunity. Boasting 46,000 square feet on a 2.274-acre lot, this two-story, 1981-built property is strategically located on the North PanAm Expressway, offering excellent visibility and accessibility from Highway I-35. Just 10 minutes from downtown San Antonio and the Riverwalk, and near the Henry B. Gonzalez Convention Center, the hotel benefits from a vibrant surrounding area with ample shopping, dining, and entertainment options. The property features all standard hotel amenities, including Wi-Fi, free parking, complimentary coffee, free cable, an outdoor pool, and pet-friendly accommodations. An on-site manager's apartment adds to its operational efficiency. Financial highlights include a current asking price of $6,300,000 ($136.96/sq ft and $40,645.16/key), a Net Operating Income (NOI) of $912,365, and a 14.48% cap rate. Strong occupancy and revenue in 2022 demonstrate the property's potential. The property is zoned for commercial use and presents a unique opportunity for conversion to multi-family or apartment units. This below-replacement-cost offering presents a strong return on investment for a savvy buyer. The property is offered free and clear of any ground lease.

Highlights

  • 155-room hotel offered below replacement cost.
  • On-site manager's apartment.
  • Strong 2022 occupancy and revenue.
  • Offered at a 12.67% cap rate.
  • 16.57% current cash-on-cash return.
  • Suitable for multi-family or apartment conversion.

Property Details for 5522 Panam Expy

Property type
Other hospitality properties, Motels
Square Feet
46,000 SF
Year Built
1981
Buildings
1
Stories
2
Lot Size (sq. ft)
99,055 SF

Location Insight

City
San Antonio
County
Bexar
State
Texas
Latitude
29.4820111
Longitude
-98.4023128
5522 Panam Expy, San Antonio, Texas

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
5522 Panam Expy
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message