Hotel For Sale in Belle Chasse

Hospitality for Sale
Sale Pending/Contingent
Catylist Listing ID: 30706081
Property Subtypes: Hotel
Status: Pending/Contingent
Number of Units: 57 Units
Building Size (RSF): 24,846 SF
Gross Building Area: See Agent
Gross Land Area: 8.90 Acres
Sale Price: $3,250,000
Unit Price: $57,017.54 Per Unit
Property Use Type: Investment
Name of Establishment: Cypresswood Inn and Suites
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 8/21/2021

Overview / Comments

LISTED $950,000 BELOW APPRAISED VALUE!

Built in 2012, the Cypresswood Inn and Suites is a 57-unit hotel located on Highway 23 in Plaquemines Parish. The subject parcel includes a total of ± 8.9 acres. The hotel site occupies ± 2.5 acres, and the remaining ±6.4 acres is vacant land with approximately ± 386’ of highway frontage. The entire parcel is zoned C-2 Commercial, and the vacant land is ripe for additional commercial development. The hotel building contains 57 guest rooms, hotel offices, meeting rooms, lobby, breakfast area, vending area, and laundry. The parking lot contains approximately 98 parking spaces.

The hotel is located in Belle Chasse, Louisiana, which is the central portion of Plaquemines Parish. This property is strategically located near the Mississippi River approximately 21 miles south of New Orleans, and approximately 54 miles north of Venice. The site is situated 1 mile north of the Phillips 66 Alliance Refinery, and 8.5 miles south of the Chevron Oronite Oak Point Plant. The site is also strategically located in close proximity to major planned industrial developments in the area including IGP Gulf Coast Methanol Park, Venture Global Plaquemines LNG, Venture Global Delta LNG, and the Plaquemines Port Container Terminal (the Plaquemines Port is consistently ranked among the top ports in the country). Additionally, this area is widely known for its spectacular hunting and fishing opportunities.

Additional Details

Nearest MSA: New Orleans-Metairie
County: Plaquemines
Submarket/Township: Plaquemines Parish
Taxing Authority: Plaquemines Parish
Tax ID/APN: 1222500, 1624659
Zoning: C-2 COMMERCIAL
Retail Clientele: General, Family, Business, Traveler, Tourist, Recreation, Other
Property Visibility: Excellent
Highway Access: Access via Highway 23
Total Number of Buildings: 1
Number of Stories: 3
Property Condition: Good
Year Built: 2012
Roof Type: Other
Construction/Siding: Brick/Vinyl Siding
Exterior Description: Exterior walls are vinyl siding and brick. Shingle roof. Foundation is concrete slab. Walkways are concrete with covers.
Total Parking Spaces: 98
Parking Type: Surface
Sprinklers: Wet
Laundry: Shared
Heat Source: Wall Units
Air Conditioning: Other
Internet Access: Other
Interior Description: Hotel building includes 57 guest rooms, lobby area, hotel offices, meeting room, breakfast area, laundry, and vending areas. Breakdown of the guest rooms: 9 single queen rooms, 36 double queen rooms, and 12 suites (single queen). Interior walls are drywall with paper/paint. Doors are metal with TESA electric lock system, windows are fixed, metal frame with double pane. HVAC: wall units in guest rooms and central H/A in commercial areas. Guest bathrooms have ceramic floors, vinyl wall covering, synthetic steel tubs and solid core door.
Lot Frontage: 386.11'/391.7'
Lot Depth: 1027.89'/998.11'
Water Service: Municipal
Sewer Type: Other
Legal Description: LOTS A1, A2, & A3, THE VH PROPERTIES LLC DIV, BEING A RE-S/D OF TRACT A, LOT A1 - 121.27' FRONT ON HWY 23 X 684.79' X 16.21' X 28.50' X 79.64' IN THE REAR X 238.88' X 59.03' X 74.72' X 96.34' IN THE REAR TO THE DRAINAGE CANAL X 1027.89' (2.25 AC). LOT A2 - 224.12' FRONT ON HWY 23 X 635.29' X 239.10' IN THE REAR X 684.79'. (3.56 AC). LOT A3 - 79.64' FRONT IN THE REAR OF LOT A1 X 28.50' X 239.10' X 303.42' X 347.46' IN THE REAR EXTENDING TO THE DRAINAGE CANAL X 74.72' X 59.03' X 238.88'. (2.23 AC). ABOVE BY LARRY N BURAS & BELOW BY GULF CREDIT CORP. TRACT GC1, GULF CREDIT RE-S/D - 40.72' ALONG C/L OF HWY 23 X 1,011.61' X 44.22' ALONG TOP BANK OF DR CANAL X 998.11'.

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 2,874 2,874
Median Age: 40.46 40.46
Households: 920 920

Contact

Photograph of Listing Agent

Mary Cheramie

RE/MAX Generations Belle Chasse, LA 70037
LACDB Member
Photograph of Listing Agent

Diana P Alfortish

RE/MAX Generations Belle Chasse, LA 70037
LACDB Member
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