OVERVIEW

Excellent opportunity to own an existing hotel or redevelopment site in central Austin with prime visibility from Highway 290 and Interstate 35. The property is a 1.64 acre site with a 22,410 SF motel and restaurant on a short term lease producing income.

A 49-room, exterior corridor hotel located in a prime Central location that is ideally located directly off US Highway 290, less than one-half mile east of the Interstate Highway 35 intersection. Built in 1963 and recently renovated, this Austin hotel features convenient amenities such as an outdoor pool, picnic area, and modern breakfast bar. Each guest room comes equipped with desk, flat screen television, microwave, coffee maker, and renovated bathroom with granite vanity countertop.

FEATURES

  • Recently renovated 49-room motel
  • Located off of 290, providing prime visibility
  • Restaurant with short term lease producing income
  • Located just North of the Mueller Development

PROPERTY

Property Type

Specialty

Sub-Type

Motel

RBA (sf)

22410

Floors

2

Typical Floor (sf)

11205

Year Built

1963

Tenancy

Single

Construction

Masonry

Parking Type

Surface

Land Area (ac)

1.65

Zoning

CS-MU-NP/CS1-MU-NP

ABN / Parcel ID

225562

DETAILS

A 49-room, exterior corridor hotel located in a prime Central location that is ideally located directly off US Highway 290, less than one-half mile east of the Interstate Highway 35 intersection. The property is a 1.64 acre site with a 22,410 SF motel and restaurant on a short term lease producing income.

Sale Type

Investment

Price

$5,200,000

AGENTS

Reid Gilbreath

Vice President
Email: [email protected]om
Direct: 832.797.8061

Lucian Morehead

Principal
Email: [email protected]
Direct: 512.825.6287

DOCUMENTS

PHOTOS