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- LoopNet Team
901 Padre Blvd
South Padre Island, TX 78597
Blue Bay Inn & Suites South Padre Island · Hospitality Property For Sale · 30,258 SF
Investment Highlights
- 50-Room, Interior Corridor, Independent Hotel Built in 2000
- Upside Potential to Capture Larger Market Share at Higher Price Point via Repositioning of the Asset to a Franchise
- High Barrier to Entry to Market – Only 3 Hotels Have Been Built Since 2006
- Owners Condo Located on Property with 4 Bedrooms and 4.5 Bathrooms
- Potential to Acquire the Following Franchises: Quality Suites, Red Roof Inn, Baymont Inn & Suites, Days Inn & Suites, Howard Johnson, Travelodge
- Seller Financing Available; Inquire with Agent
PROPERTY FACTS
| Property Type | Hospitality | Building Size | 30,258 SF |
| Property Subtype | Hotel | No. Stories | 4 |
| Building Class | B | Year Built | 2002 |
| Lot Size | 0.97 AC | Corridor | Interior |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 0.97 AC |
| Building Size | 30,258 SF |
| No. Stories | 4 |
| Year Built | 2002 |
| Corridor | Interior |
Amenities
- Pool
- Restaurant
- Beach (direct access)
- Meeting Event Space
About 901 Padre Blvd , South Padre Island, TX 78597
Property Overview: The Blue Bay Inn & Suites South Padre Island is an independent-branded property with 50 rooms throughout two stories. Each guest room comes equipped with a flat-screen television, microwave, refrigerator with select rooms including a kitchenette and family room. The common area amenities include bar-b-que pits, outdoor pool, and laundry facility. Location Overview: South Padre Island, Texas, is located in the southern part of the state and a popular drive-to beach destination for travelers, and most recently had 66,000 visitors for Memorial Day Weekend in 2020. The coastline is a 34-mile long beach and has several extensive nature tourism market drivers, world-class wind and water recreational activities, an entertainment district, and local restaurants. The city has been recognized by several travel publications, and in 2019 was noted as the "Best Restored Beached" award from the American Shore and Beach Association (ASBPA). Also, the city received the 2020 Governor's Community Achievement Award and the winning communities will share $2 million in landscape funding, and the island will receive $90,000 for a landscaping project.
PROPERTY TAXES
| Parcel Number | 67-6410-0030-0050-00 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $2,400,000 |
PROPERTY TAXES
zoning
| Zoning Code | C |
| C |
Learn More About Investing in Hospitality Properties
