19 Unit Lodging Property

Hospitality for Sale
Sale Pending/Contingent
Catylist Listing ID: 30803621
Property Subtypes: Hotel, Inn, Motel, Other
Status: Pending/Contingent
Number of Units: 19 Units
Building Size (RSF): 4,800 SF
Gross Building Area: See Agent
Gross Land Area: 9,150 SF
Sale Price: $1,850,000
Unit Price: $97,368.42 Per Unit
In Opportunity Zone? Yes
Property Use Type: Investment, Business
Name of Establishment: The Ben Louie
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 8/29/2023

Overview / Comments

Incredible opportunity to purchase recently renovated and well positioned operating lodging property with excellent upside and un-tapped potential. Owner operates with limited booking platforms, strong room for revenue growth and value add creation.

The site enjoys gated off-street parking, and significant additional land area that could be converted to include a pool and/or future amenity space.

Excellent location immediately proximate to the UMC Medical Center campus.

Please contact the Brokers for financial information, future booking details and general operating history.

Attachments & Media

Additional Details

Nearest MSA: New Orleans-Metairie
County: Orleans
Submarket/Township: Greater New Orleans
Tax ID/APN: 41033136
Zoning: MU-2
Retail Clientele: General, Business, Recreation, Other
Property Located Between: S. Genois & S. Cortez
Largest Nearby Street: Tulane Ave.
Feet of Frontage: 85
Total Number of Buildings: 1
Number of Stories: 2
Total Parking Spaces: 15
Parking Type: Surface
Heat Source: Wall Units
Air Conditioning: Other
Zoning Description: High Intensity Mixed-Use District
Lot Frontage: 85
Lot Depth: 113
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 28,663 198,107 391,483
Median Age: 32.03 37.12 37.25
Households: 10,540 87,936 168,818


Photograph of Listing Agent

S. Parkerson McEnery

The McEnery Company Inc
Mandeville, LA
LACDB Member
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