5522 Panam ExpySan Antonio, TX 78218

Property Details for 5522 Panam Expy

Year built

1981

Lot size

2.27 AC

Property size (Sq ft)

46,000 SF

Property type

Hospitality properties

Property subtype

Other hospitality properties

Description

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.

Location Insight

City

San Antonio

County

Bexar

State

Texas

Latitude

29.482

Longitude

-98.4023

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