11049 Gateway BlvdEl Paso, TX 79935

Property Details for 11049 Gateway Blvd

Year built

1978

Construction

WOOD

Lot size

2.65 AC

Property size (Sq ft)

8,119 SF

Zone code

C3

Property type

Commercial real estate

APN

D469-999-0010-1500

APU

D46999900101500

Description

This exceptional value-add investment opportunity presents a 93-key Studio 6 hotel in El Paso, Texas. Located at 11049 Gateway Blvd W, El Paso, TX 79935, this fee-simple property boasts a 2.65-acre lot and features five buildings with two stories each. Built in 1978 and renovated in 2022, the hotel offers exterior corridors for convenient guest access. Currently operating at 74% occupancy, the property generates a substantial Net Operating Income (NOI) of $514,167, yielding an attractive 11.45% cap rate. The asking price is $4,490,000. Its strategic location just off Interstate 10 provides easy access for travelers, while its proximity to key attractions like the El Paso Zoo, Fort Bliss, and the Del Sol Medical Center (a 2-minute drive) caters to a diverse clientele. The El Paso International Airport (ELP) is a convenient 10-minute drive away. The property is zoned for commercial use and presents a compelling opportunity for investors seeking strong returns in a growing market. This is a rare chance to acquire a well-positioned hospitality asset with significant upside potential. The property's 93 keys are spread across two floors, offering ample space for guests. This is a fee simple ownership with no ground lease.

Location Insight

City

El Paso

County

El Paso

State

Texas

Latitude

31.7458

Longitude

-106.332

CBSA code

21340

CBSA name

EL PASO, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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