Catylist ID:
#30803621
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 |
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 |
Contact
S. Parkerson McEneryThe McEnery Company IncMandeville, LA LACDB Member |
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