3307 AeGonzales, TX 78629
- Hospitality properties
- 1.30 AC
Property Details for 3307 Ae
- Year built
- 1960
- Lot size
- 1.30 AC
- Property type
- Hospitality properties
- Property subtype
- Motels
Description
Exceptional investment opportunity awaits with the Cannon Inn, a 54-key motel located in Gonzales, Texas, at 3307 US Hwy 90 AE, zip code 78629. This established property boasts a compelling pro-forma cap rate of 25.37% and a pro-forma NOI of $621,492, representing a significant return on investment. Built in 1960, the motel comprises three buildings, each two stories high, situated on a 1.3-acre lot. The property includes city water and sewer connections. Currently operational and accepting bookings, the Cannon Inn offers immediate cash flow potential. The asking price is $2,450,000, translating to a price per key of $45,370.37. A manager's unit with a full kitchen is included, adding to the property's operational efficiency and potential for owner-user occupancy. This turnkey operation presents a rare chance to enter the hospitality industry with a proven, high-performing asset. The property's strong performance and location make it an attractive proposition for both seasoned investors and those seeking a lucrative entry point into the market. Financial details are available upon request.
Location Insight
- City
- Gonzales
- County
- Gonzales
- State
- Texas
- Latitude
- 29.5119
- Longitude
- -97.4182
Comparable in this City
Similar Nearby for Sale
FAQs
- How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
- Please email our support team at [email protected] and they will add the team member.
- How do I access a private listing?
- Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
- How can I contact the broker?
- We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
- How do I unsubscribe from emails?
- At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].