2010 Lomas Del Sur BlvdLaredo, TX 78046
- Hospitality properties
- 1.56 AC
Property Details for 2010 Lomas Del Sur Blvd
- Year built
- 2007
- Lot size
- 1.56 AC
- Property type
- Hospitality properties
- Property subtype
- Motels
Description
This fee-simple Econo Lodge hotel in Laredo, Texas presents a compelling value-add investment opportunity. The property boasts 83 keys spread across three floors of a single, three-story building on a 1.56-acre lot, zoned B-3. Built in 2007 and renovated in 2022, the hotel offers a 100% smoke-free environment. The property's strong financial performance is reflected in a current NOI of $173,318 and a 9% cap rate, with an asking price of $5,750,000 ($69,277 per key). Its strategic location, 4.6 miles from Laredo International Airport and minutes from the Outlet Shoppes at Laredo, Texas A&M International University, and the Mexican border, ensures consistent occupancy. Furthermore, its proximity to cultural attractions like the Laredo Center for the Arts and Laredo Arena, coupled with its location near the Port of Laredo, a major national trade hub, significantly enhances its investment appeal. This turnkey operation provides immediate income generation and significant upside potential for a savvy investor. The property is offered for sale by owner.
Location Insight
- City
- Laredo
- County
- Webb
- State
- Texas
- Latitude
- 27.4639
- Longitude
- -99.4756
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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