South Padre Island Lodge
Hospitality
Marketing description
This newly renovated two-story hotel, located at the high-traffic intersection of Padre Blvd. and Oleander in South Padre Island, offers 58 rooms, including 9 suites. Originally built in 1981 and extensively renovated in 2021, the property spans 22,464 square feet on a 1-acre lot. Situated within an Opportunity Zone, it presents strong investment potential with long-term tax benefits. The hotel provides ample parking with a 2.04/1,000 SF ratio and is conveniently located near major airports. Ideal for investors seeking a stable, income-producing asset in a popular tourist destination with significant growth potential.
Investment highlights
Central Location on Padre Blvd. and Oleander, making it easily accessible and visible on the Island.
Remodeled in 2021, providing a more modern and updated property that likely requires less immediate capital investment.
Price per Room: $78,947, offering a reasonable entry point for investors.
Positioned in an Opportunity Zone, which may offer tax incentives for investors.
58 Rooms (including 9 suites), making it a mid-sized hotel with significant potential for steady cash flow.
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