High Traffic/Visibility at I-10 & I-49

Hospitality for Sale
Catylist Listing ID: 30803892
Property Subtypes: Hotel, Motel, Other
Number of Units: 244 Units
Building Size (RSF): 104,927 SF
Gross Building Area: See Agent
Gross Land Area: 10 Acres
Sale Price: $2,000,000
Unit Price: $8,196.72 Per Unit
Property Use Type: Investment, Business
Building Name: Former Ramada Inn Motel/Holiday Inn North
Sale Terms: Cash to Seller, Other
Cap Rate: Undisclosed
Last Updated: 7/25/2022

Overview / Comments

Commercial Opportunity awaits your plans. Amazing Visibility within the NE Quadrant at I-49 at I-10. This type location does not become available very often. Seize this opportunity. Ten Acres including the former Ramada Inn Motel/Holiday Inn North is available for sale. Acres of stabilized material surrounds the structures built of concrete blocks. A CH- Commercial Heavy zoning offers Multiple uses that can be repurposed from a once thriving location. Listing Agent to accompany all showings. Please schedule your private tour today.

Attachments & Media

Additional Details

Nearest MSA: Lafayette
County: Lafayette
Submarket/Township: D
Tax ID/APN: 6044351
Zoning: CH- COMMERCIAL HEAVY
Retail Clientele: General, Family, Business, Traveler, Other
Property Located Between: Interstate 10 & Interstate 49
Property Visibility: Excellent
Largest Nearby Street: Interstate 49
Total Number of Buildings: 2
Number of Stories: 2
Property Condition: Poor
Construction/Siding: Block, Brick
Water Recreation: Outdoor Pool
Water Service: Municipal
Sewer Type: Municipal
Legal Description: SEC 50 T9S R4E (10 AC) (OLD HOLIDAY INN NORTH) (OLD RAMADA INN)

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,109 47,528 114,117
Median Age: 31.97 34.49 33.9
Households: 1,925 18,366 45,413

Contact

Photograph of Listing Agent

Jeni W Guidry

Guidry & Co. Real Estate Lafayette, LA 70598
LACDB Member
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