9503 Interstate 35San Antonio, TX 78233

Property Details for 9503 Interstate 35

Year built

1972

Lot size

1.69 AC

Property size (Sq ft)

30,464 SF

Property type

Hotels

APN

14043-002-0051

APU

140430020051

Description

This exceptional value-add opportunity presents a 113-key Econo Lodge hotel in San Antonio, Texas. Situated on a 1.69-acre lot at 9503 N Interstate 35, this two-story, 38,043 square foot property boasts a prime location directly on I-35 in the Northeast submarket. Built in 1972, the hotel offers significant upside potential due to current underperformance attributed to absentee management. A hands-on operator can capitalize on this opportunity to improve operational efficiency and increase profitability. The asking price is $3,290,000, representing a price per key of $29,115.04 and a price per square foot of $86.48. The property currently generates a Net Operating Income (NOI) of $90,986, resulting in a 2.77% capitalization rate. Conveniently located, the hotel is a 10-minute drive from San Antonio International Airport and a 15-minute drive from the vibrant Downtown San Antonio, including the Riverwalk and The Alamo. Its proximity to I-35 ensures high visibility and accessibility. The property is zoned for commercial use and presents a compelling investment opportunity for those seeking to enhance a currently underperforming asset. This is a rare chance to acquire a well-positioned hotel with substantial growth potential in a thriving Texas market.

• CAP approach

  CAP return

  Valuation

  6%

  $6,494,390

  6.5%

  $5,994,822

  7%

  $5,566,620

• Comparable approach

  Method

  Valuation

  Relative Method

  $16,270,350

  Geo Method

  $16,270,350

• Alternative Use

  Use

  Valuation

  Residential

  $6,544,604

  Hospitality

  $5,994,822

  Educational

  $4,987,622

  Medical

  $5,159,154

  Retail

  $7,758,522

Location Insight

City

San Antonio

County

Bexar

State

Texas

Latitude

29.5259

Longitude

-98.3944

CBSA code

41700

CBSA name

SAN ANTONIO, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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