Hotel for Sale with Excellent I-20 Visibility

Hospitality for Sale
Also listed as Retail-Commercial, Vacant Land
Catylist Listing ID: 30614162
Property Subtypes: Hotel, Inn, Motel
Number of Units: 165 Units
Building Size (RSF): 67,218 SF
Gross Building Area: See Agent
Gross Land Area: 3.49 Acres
Sale Price: $1,200,000
Unit Price: $7,272.73 Per Unit
Property Use Type: Investment, Business
Name of Establishment: Budgetel Inns & Suites
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 8/4/2022

Overview / Comments

This highly visible property formerly used as a hotel sits one block from the Industrial Drive Extension entrance/exit ramp to I-20. There are 165 rooms and 650 surface parking spaces surrounding the building's perimeter. Two pole signs are established and can be easily seen from I-20. Curb cuts allow access from both Industrial Drive and Miller Road. The site is fenced along the south side and is situated on 3.5 acres with 250' of frontage to Industrial Drive and 375' frontage on Industrial Drive Extension.

Given the property's location, visibility and accessibility, the site is also prime for redevelopment.

Additional Details

Nearest MSA: Shreveport-Bossier City
County: Bossier
Taxing Authority: Bossier Parish
Tax ID/APN: 123232
Zoning: A-1
Retail Clientele: General, Business, Traveler, Tourist
Property Located Between: I-20 and Miller Road
Largest Nearby Street: I-20
Feet of Frontage: 625
Traffic/Vehicle Count: 66,200
Highway Access: One block from I-20/Industrial Drive Extension interstate entrance/exit ramp.
Airports: Barksdale Air Force Base, Shreveport Regional Airport
Total Number of Buildings: 4
Year Built: 1984
Water Recreation: Outdoor Pool, Hot Tub
Total Parking Spaces: 650
Parking Type: Surface
Parking Description: Surface parking around perimeter of buildings.
Lot Frontage: 625
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,870 40,071 107,302
Median Age: 30.91 31.77 34.61
Households: 671 16,122 44,207

Contact

Photograph of Listing Agent

Roland Ricou

Sealy Real Estate Services LLC Shreveport, LA 71101
LACDB Member
Photograph of Listing Agent

Melissa P Riddick

Sealy Real Estate Services LLC Shreveport, LA 71101
LACDB Member
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