7202 Access RdSan Antonio, TX 78224

For Sale
$4,250,000

122-Key Hotel, Value-Add Potential

Overview

Added:
Dec 11, 2024
Days on market:
94
This 122-key Baymont by Wyndham hotel in San Antonio, Texas, presents a compelling value-add investment opportunity. Located on a 2.39-acre lot directly off Interstate 35, this two-story, 44,716 square foot property boasts excellent visibility and high traffic exposure. Built in 1969 and partially renovated in 2022, the hotel offers significant potential for increased revenue through owner-operator management. Its prime location offers easy access to major attractions including the Riverwalk, the Alamo, and the Tower of the Americas, as well as the San Antonio Zoo, Botanical Gardens, and AT&T Center, all within a short drive. Furthermore, its proximity to Lackland Air Force Base and San Antonio International Airport (SAT) provides a consistent stream of potential guests. The property is zoned commercial and offers a current NOI of $279,627, resulting in a 6.58% cap rate. Priced at $4,250,000, this represents a price per key of $34,836.07, making it an attractive acquisition for investors seeking a strong return on investment. The property's potential for conversion to multi-family housing adds another layer of investment appeal. This is an absentee owner property.

Highlights

  • 122 guest rooms priced under $37,000 per key.
  • Ideal for multifamily conversion.
  • 6.2% current cap rate.
  • Offered below replacement cost.
  • Partially renovated in 2022.
  • High visibility from I-35 in a high-traffic area.

Property Details for 7202 Access Rd

Property type
Other hospitality properties, Motels
Year Built
1969
Buildings
1
Stories
2
Lot Size (sq. ft)
104,108 SF

Location Insight

City
San Antonio
County
Bexar
State
Texas
Latitude
29.355185664914
Longitude
-98.526548770791
7202 Access Rd, 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].
7202 Access Rd
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