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TRANSCRIPT
MOUNTAIN STAR LODGE
BEE CAVE, TX
40 Room Hotel Opportunity
Underperforming Asset
O: (512) 458 8153 x 208
C: (651) 353 9140
Peter Sampson
Broker Associate
Address:
Total Acreage:
Square Feet:
Parking:
Year Built:
Zoning:
Water:
Sewer:
Electric:
3573 South RR 620, Austin TX 78738
3.92 Acres
Est. 23,000
55 spaces
1996 & 2001
Property Data
Property DescriptionR (Bee Cave Retail / Commercial)
City Water
City Sewer (lift station)
Austin Energy
Offering Summary
Sale Price:
2019 NOI:
CAP Rate:
Total Keys:
Price/Key:
$3,950,000
$336,441 (Est.)
8.52%
40
$98,750
The subject property is a 40 room hotel located on 3.92 acres of prime
Bee Cave land. The property sits above 800 acres of nature preserve land
and provides 206 feet of frontage with traffic counts of 28,000 vehicles
per day. Great location in Texas Hill County close to the Galleria shopping
Center, Lake Travis, and downtown Austin. Ability to add additional
parking, food & beverage income, and utilize the back of the property for
recreation. Many improvements made over the last few years. Room to
grow occupancy levels and drive NOI through improved branding and
marketing. Property includes a 3 bedroom 1,700 square foot single family
home located on property.
Peter Sampson
Broker Associate
O: (512) 458 8153 x 208
C: (651) 353 9140
Room Mix:
Amenities:
10 Singles (King Bed)
26 Doubles (Queen Beds)
4 Suites (King Beds)
Breakfast area
Pool & Deck
Business Center
Fiber Internet
Financial Performance
