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MLS Number:
119331
Property Type:
Retail
Area:
E
List Price:
$1,499,999
Street #:
415
Direction:
W
Address:
Beauregard Ave
City:
San Angelo
State:
TX
Zip Code:
76903
Location:
Downtown Area, Free Standing
CAD #:
23-41700-0330-009-00
Legal:
Legal: Acres: 0.654, Lot: 16 THRU 18 AND PART OF ALLEY ADJACENT, Blk: 33, Subd: SAN ANGELO ADDITION Legal: Acres: 0.371, Lot: 4 & W35' OF LOT 3, Blk: 00033, Subd: SAN ANGELO ADDITION
Lot Size:
1.03 acre
Building Rent:
Monthly Rent:
Remaining Lse Term:
Parking Spaces:
70
Gross Income:
Current Use:
hotel
Projected Use:
hotel
Insurance Amount:
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Walls:
Concrete Block, Sheet Rock
Ceiling Height:
8-10 ft, 11-15 ft
Door Size:
None
Construction:
Concrete, Frame, Other
Heating:
Central Forced Gas
Cooling:
Central Electric
Dock:
No Dock
Documents on File:
Aerial Photo, Legal Description
Floors:
Tile, Carpeting
# Stories:
3
Land Status:
Land Included
Services Included in Rent:
None
Parking:
Parking Lot, Paved
Possession:
At Closing
Terms/Negotiable:
Cash, Sell Entirely, Other-See Remarks
Road Frontage/Type:
City Street, Paved Road
Roofing:
Metal
Type Business:
Restaurant, Lounge/Bar, Motel/Hotel
Utilities Available:
Water Connected, Sewer Connected, Electricity Connected
Traffic Count:
5,000-15,000
Listing Office:
Keller Williams Synergy (#:1208)
Listing Agent:
The Herbert Group (#:812)
Remarks:
Located in the heart of the San Angelo Business District, this 75-room hotel would make a great investment. This property sits right off of Highway 87 where it bisects the city as well as right next to Beauregard which is a major road in San Angelo. A vibrant downtown with restaurants, shopping, museums, and a beautiful river walk are all within a short walk or drive from the property. Located within a ten minute walk to the San Angelo Visitor Center, half a mile to The International Water Lily Garden and less than a mile to Shannon Medical Center. The city gladly reported Q3 for 2023 hotel occupancy up 6.3% with continued growth expected. A full San Angelo economic review is available upon request. The hotel offers a restaurant space and events spaces that will draw a crowd and add revenue. Plus, an additional parking lot located directly behind the hotel will convey. There is an indoor pool that will allow for the perfect relaxing end to a day after exploring Downtown San Angelo.
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