Baymont by Wyndham San Antonio South Park

7202 Interstate 35 S San Antonio, TX 78224

7202 Interstate 35 S, San Antonio, TX, 78224
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FOR SALE
Property Type:
Motel
Amount:
$4,250,000
Last Verified:
Oct 07, 2024

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Highlights

  • 122 guestrooms offered at under $34,836 per key
  • Ideal for Multi-Family / Apartment Conversion
  • Offered below replacement cost
  • Partially renovated in 2022
  • Excellent visibility from Interstate 35 (I-35) in high traffic area
  • Near popular downtown attractions
  • 9-minute drive from Lackland Air Force Base
  • 17-minute drive from San Antonio International Airport (SAT)
  • Owner Absentee Property. Potential for owner-operator to increase revenue.

Description

Tabani Realty is pleased to present the 122 key, Baymont Inn by Wyndham in San Antonio, Texas. The limited-service hotel is located directly off Interstate 35 on the South side of San Antonio. The hotel has an overall living space of 44,716 SF across 2 floors and was last renovated in 2022.

The Baymont Inn is a 7-minute drive from the Downtown San Antonio Riverwalk, a 6-minute drive to the Alamo, and a 7-minute drive to the Tower of Americas. Other attractions such as the San Antonio Zoo, the San Antonio Botanical Gardens, and the AT&T Center are all under a 15-minute drive from the hotel.

The City of San Antonio maintains a strong financial position with a “AAA” general obligation bond rating from all three major rating agencies (the only city with more than 1 million people). The Milken Institute has ranked San Antonio No. 1 on its Best-Performing Cities list. As the seventh-largest city in the United States, San Antonio is experiencing solid economic growth over the years, making it one of the fastest-growing cities in the United States.

The city is known for its business-friendly environment and low cost of doing business. They offer various incentives and programs (Industry Development Division, Business Retention & Expansion Program, Global Engagement Division, and Small Business Division) to attract and support businesses, including tax abatements, grants, and workforce development initiatives.

San Antonio's location in Texas provides access to major transportation routes, including highways, railways, and an international airport. This makes it a logistical hub for various industries, including distribution, manufacturing, and logistics. The city's location and infrastructure are advantageous for companies seeking to establish or expand their operations, driving demand for commercial real estate. The city offers a competitive cost of living, reasonable property prices, and favorable tax rates, which can enhance the potential returns on commercial real estate investments.


Year Built: 1969
Building Size: 44716sq ft
Lot Size: 2.39 acres


Documents

Sale Brochure

Map of 7202 Interstate 35 S, San Antonio, TX, 78224

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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.