9503 Interstate 35San Antonio, TX 78233

For Sale
$3,290,000

113-key hotel, high-traffic I-35 location.

Overview

Added:
Dec 11, 2024
Days on market:
94
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.

Highlights

  • Value-add opportunity with significant upside potential.
  • Currently owner-unmanaged.
  • High-traffic location on I-35.
  • Convenient proximity to San Antonio International Airport (10-minute drive).
  • Close to the Alamodome (14-minute drive).
  • Minutes from the San Antonio Riverwalk and The Alamo (15-minute drive).

Property Details for 9503 Interstate 35

Property type
Other hospitality properties, Motels
Square Feet
38,043 SF
Year Built
1972
Buildings
1
Stories
2
Lot Size (sq. ft)
73,616 SF

Location Insight

City
San Antonio
County
Bexar
State
Texas
Latitude
29.5258344
Longitude
-98.39437
9503 Interstate 35, San Antonio, Texas

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9503 Interstate 35
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