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: |
2/19/2021 |
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.
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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 |
Demographic Statistics
Proximity: |
3 miles |
5 miles |
Total Population: |
16,967 |
46,406 |
Median Age: |
33.62 |
32.14 |
Households: |
6,542 |
17,482 |
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