Austin, Texas: Hwy 71 & IH 35
1.8 Acre or 78,000 Sq Ft site on Ben White Blvd (Hwy 71) has been approved by
the City of Austin for a 96 unit hotel. 4 Stories SP-97-0260 (XT3).
Possibilities include 51 suites, 32 Double, and 13 single rooms. Investor can
start building right away with the site plan in place or may draw up their own.
The site is located in the submarket around Austin-Bergstrom International
Airport with excellent visibility and outstanding access to HWY 71 and I-H 35.
The area is growing rapidly with different industries and even more hotels
establishing along HWY 71 to fulfill the growing demand, and now is the time to
be a part of it. Property values in this area will jump within the next few
years. This site has already been appraised at $1,299,000. The ADR in the area
runs for an average $81.00 per unit and occupancy rates have been in the steady
average of 71% and growing in the area.
Download
Details Call 512-656-0981 for to request further details.
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