2021 N Padre Island Dr | Corpus Christi, TX 78408
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- LoopNet Team
2021 N Padre Island Dr
Corpus Christi, TX 78408
Best Western Corpus Christi Airport Hotel · Hospitality Property For Sale
·
52,096 sq ft
INVESTMENT HIGHLIGHTS
- Acquire the Property at $73,077 per key, below replacement cost.
- $3M invested in renovations (2020-2023), exceeding Best Western standards.
- New owners enjoy an automatic transfer, simplifying transition with pre-established lower royalty payments.
- The hotel's rooms revenue saw an 8.8% increase from $1,874,232 in 2023 to $2,015,257 for the trailing-twelve-month (TTM) period through June 2024.
- Award-winning quality: Chairman’s Award for top 5% nationally in cleanliness and condition.
- Prime location near attractions like Padre Island, Downtown Corpus Christi, Texas State Aquarium, & only 4 miles from Corpus Christi Int'l Airport.
PROPERTY FACTS
| Property Type | Hospitality | No. Floors | 4 |
| Property Subtype | Hotel | Year Built/Renovated | 1984/2023 |
| Costar Property Class | B | Tenancy | Single |
| Total Plot Size | 2.21 ac | Parking Allocation | 1.9/1,000 sq ft |
| Property Size | 52,096 sq ft | Corridor | Interior |
| Use Class | B-4 | ||
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Costar Property Class | B |
| Total Plot Size | 2.21 ac |
| Property Size | 52,096 sq ft |
| No. Floors | 4 |
| Year Built/Renovated | 1984/2023 |
| Tenancy | Single |
| Parking Allocation | 1.9/1,000 sq ft |
| Corridor | Interior |
| Use Class | B-4 |
AMENITIES
- Business Centre
- Fitness Centre
- Pool
- High Speed Internet Access
- Patio
- On-Site Bar
- Meeting Event Space
- Public Access Wi-Fi
- Smoke-Free
PROPERTY TAXES
| Parcel Number | 228105 | Improvements Assessment | £4,912,617 |
| Land Assessment | £213,908 | Total Assessment | £5,126,525 |
PROPERTY TAXES
Parcel Number
228105
Land Assessment
£213,908
Improvements Assessment
£4,912,617
Total Assessment
£5,126,525
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