133-Room Hotel at I-10
Hospitality
for Sale
| Catylist Listing ID: |
30852686 |
| Property Subtypes: |
Hotel, Motel
|
| Number of Units: |
133 Units |
| Building Size (RSF): |
See Agent |
| Gross Building Area: |
See Agent |
| Gross Land Area: |
3.56 Acres
|
| Sale Price: |
$4,800,000 |
| Unit Price: |
$36,090.23 Per Unit |
| In Opportunity Zone? |
Yes |
| Property Use Type: |
Investment |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Last Updated: |
9/28/2023 |
Overview / Comments
Now available for sale, 821 S Lobdell Hwy is a 133 room OYO Hotel located in Port Allen with direct access to I-10. This hotel is fully operational and has undergone substantial renovations under current ownership. It is equipped with a pool and cafe. Lobdell Hwy is located just two exits west of Downtown Baton Rouge and the Louisiana State University campus. The hotel capitalizes on heavy tourism produced by Mardi Gras, LSU sports, the River Center, and the State Capitol. The hotel is positioned to attract the numerous contract and out-of-state industrial workers brought to the area by plants, contractors, and Port of Greater Baton Rouge.
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Additional Details
| Nearest MSA: |
Baton Rouge |
| County: |
West Baton Rouge |
| Submarket/Township: |
70 |
| Tax ID/APN: |
304520001000 |
| Zoning: |
C1 – LIMITED COMMERCIAL |
| Retail Clientele: |
General, Family, Traveler, Tourist, Recreation |
| Property Visibility: |
Good |
| Largest Nearby Street: |
I-10 |
| Traffic/Vehicle Count: |
86,721 |
| Airports: |
Baton Rouge Metropolitan Airport (BTR) |
| Total Number of Buildings: |
1 |
| Number of Stories: |
2 |
| Water Recreation: |
Outdoor Pool |
| Total Parking Spaces: |
150 |
| Parking Type: |
Surface |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
1,685 |
16,621 |
72,314 |
| Median Age: |
32.01 |
34.61 |
29.98 |
| Households: |
651 |
6,357 |
28,481 |
|
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The information presented herein is provided as is, without warranty of any kind.
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