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 |
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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