Former PayLess Motel

Hospitality for Sale
Catylist Listing ID: 30180141
Property Subtypes: Motel
Number of Units: 70 Units
Building Size (RSF): See Agent
Gross Building Area: See Agent
Gross Land Area: 1.78 Acres
Sale Price: $725,000
Unit Price: $10,357.14 Per Unit
Property Use Type: Business
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/15/2017

Overview / Comments

Formerly LessPay Motel. +/- 1.78 acre site includes (1) motel rooms, office & storage totaling +/- 25,000 sq. ft. + (2) metal warehouse totaling +/- 17,000 sq. ft. Located at the northeast corner of N. University Ave & Cameron St the site has frontage on N. University Ave, Cameron St, Midway St & Evangeline Dr. Excellent visibility at intersection of two main thoroughfares. Just over one mile south of I-10. Zoned Commercial Heavy. Good location for re-development.

Attachments & Media

Additional Details

Nearest MSA: Lafayette
County: Lafayette
Submarket/Township: D
Tax ID/APN: 6037484
Zoning: COMMERCIAL HEAVY
Property Visibility: Excellent
Highway Access: Just over one mile south of I-10.
Property Condition: Fair
Zoning Description: Commercial Heavy
Water Service: Municipal
Sewer Type: Municipal

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 15,004 75,227 135,564
Median Age: 32.89 33.08 34.25
Households: 5,726 30,351 55,110

Contact

Photograph of Listing Agent

Dewitt C David, Jr

Van Eaton & Romero Commercial Division Lafayette, LA 70508
LACDB Member
© Copyright Louisiana Commercial Database, LLC. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither Louisiana Commercial Database, LLC nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.