19066 Hipark Blvd.

Hospitality for Sale
Sale Pending
Catylist Listing ID: 30622528
Property Subtypes: Motel
Status: Pending
Number of Units: 66 Units
Building Size (RSF): 19,813 SF
Gross Building Area: See Agent
Gross Land Area: 3.80 Acres
Sale Price: $2,600,000
Unit Price: $39,393.94 Per Unit
Ceiling: 8 ft.
Property Use Type: Business
Building Name: The Friendly Inn Motel
Name of Establishment: The Friendly Inn Motel
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/22/2020

Overview / Comments

66 room motel (2 Buildings) located at Exit-42 on I-12, in an area of several fast food restaurants, fuel, sports park, hospital and more. The only motel presently at this exit.

Additional Details

Nearest MSA: Hammond
County: Tangipahoa
Submarket/Township: 85
Taxing Authority: Tangipahoa Parish
Tax ID/APN: 5688507.000000000000000
Zoning: COMMERCIAL (BEST USE)
Retail Clientele: General, Traveler
Property Located Between: Interstate-12 and Airport Road
Property Visibility: Excellent
Largest Nearby Street: Interstate-12
Feet of Frontage: 337
Site Description: Well maintained property, level and great visibility from I-12.
Area Description: Area consist of fast-food, fuel, hospital, truck stop, industrial park, sports park, sports parks.
Nearby Attractions: Chappapella Sports Park.
Total Number of Buildings: 2
Number of Stories: 1
Property Condition: Good
Year Built: 1994
Roof Type: Gable
Construction/Siding: Brick/Vinyl Siding
Exterior Description: Brick, vinyl mix with metal roof.
Parking Type: Surface
Parking Description: Typical motel parking in front of each rooms.
Laundry: Laundromat Nearby
Heat Type: Electricity
Heat Source: Other
Air Conditioning: Other
Interior Description: Mix of carpet, laminate flooring and tile. Sheetrock walls.
Zoning Description: None (Best use Commercial)
Lot Frontage: 337'
Lot Depth: 472'
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: Owned (partnership)
Legal Description: 3.8+/- TR3 in SEC 33 T6S R8E B747 P263

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 16,967 46,406
Median Age: 33.62 32.14
Households: 6,542 17,482

Contact

Photograph of Listing Agent

Robbie Lipscomb

Keller Williams Realty Services 94
Ponchatoula, LA
LACDB Member
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