Studio 6 El Paso, TX – East

11049 Gateway Blvd W El Paso, TX 79935

11049 Gateway Blvd W, El Paso, TX, 79935
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FOR SALE
Property Type:
Motel
Amount:
$5,700,000
Last Verified:
Apr 10, 2024

Highlights

  • 93 rooms arranged over 2 floors
  • Located off Interstate 10
  • Exterior Corridors
  • Del Sol Medical Center - 2 min drive
  • El Paso International Airport (ELP) - 10 min drive
  • El Paso Zoo and Fort Bliss are nearby
  • Offered at current Cap Rate - 9%
  • Offered at $61,300 per room
  • Renovated in 2022-2023

Description

Introducing an exceptional investment opportunity in the heart of El Paso! This charming hotel, boasting 93 rooms spread across 2 floors, is strategically situated just off Interstate 10, ensuring convenient access for travelers. With exterior corridors providing ease of movement, guests can enjoy seamless transitions throughout their stay.

The hotel's prime location offers proximity to popular attractions such as the El Paso Zoo and Fort Bliss, catering to both leisure and business travelers alike. Additionally, the Del Sol Medical Center is merely a 2-minute drive away, providing convenience for medical tourists. For those arriving by air, the El Paso International Airport (ELP) is just a short 10-minute drive. This promising investment opportunity is offered at a competitive price with an attractive Caprate, promising substantial returns. Don't miss out on this chance to own a thriving hospitality business in a bustling city!

Nestled in the heart of the vibrant Southwest, El Paso is a dynamic city brimming with cultural diversity and rich history. With its strategic location just a 10-minute drive from El Paso International Airport and a 40-minute drive from Ciudad Juarez Intl. Airport, the city serves as a bustling hub for international travelers.

Boasting convenient access to essential amenities like the Del Sol Medical Center and educational institutions such as El Paso Community College, residents enjoy a high quality of life. From shopping at Cielo Vista Mall to exploring historic sites like Fort Bliss and the American Consulate, El Paso offers something for everyone, making it a truly unique and thriving destination.


Year Built: 1978
Building Size: 50504sq ft
Lot Size: 2.65 acres


Documents

Sale Brochure

Map of 11049 Gateway Blvd W, El Paso, TX, 79935

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.