Cobblestone Inn & Suites

Retail-Commercial for Sale
Catylist Listing ID: 30868980
Building Size (RSF): 18,700 SF
Gross Building Area: 19,408 SF
Gross Land Area: 76,705 SF
Sale Price: $3,250,000
Unit Price: $173.80 PSF
Ceiling: 10 ft.
Property Use Type: Business
Usable Size (USF): 13,070 SF
Core Factor: 30%
Sale Terms: Other
Cap Rate: Undisclosed
Last Updated: 4/9/2024

Overview / Comments

This is an operating Cobblestone Inn & Suites - 45 room, Motel. All income and expense information is private and will be shared with a qualified buyer.

Additional Details

Nearest MSA: Lake Charles
County: Calcasieu
Taxing Authority: Calcasieu Parish Police Jury
Tax ID/APN: 00252204B
Retail Clientele: General, Family, Business, Traveler, Tourist, Convention, Casino
Property Located Between: In the City of Vinton, LA, Just east of the LA/TX line.
Property Visibility: Excellent
Largest Nearby Street: West Street (LA State Hwy 3063)
Feet of Frontage: 208
Traffic/Vehicle Count: 36,000
Highway Access: Direct to I-10 with Visibility
Airports: Lake Charles Municiple (LCH)
Site Description: Net site is 76,705.56 sf or 1.76 acres. There are 49 Stripped parking spaces and a total of 23,350 sf of Parking and drives.
Area Description: Vinton is the gateway to Delta Downs Race Track and Casino. In addition, there is a proposed $623,000,000.00 Carbon Capture Project that will be just south of the subject motel. This will take 5 years to construct and hire 2,500 construction workers.
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 2
Typical SF / Floor: 9,350 SF
Property Condition: Excellent
Year Built: 2018
Roof Type: Gable
Construction/Siding: HardiePlank Siding
Exterior Description: This entire facility was constructed under the watchful eyes of the Cobblestone Inn Franchise Company and was built to their specificaitons.
Parking Type: Surface
Parking Description: All concrete drives and parking
Sprinklers: Wet
Heat Type: Electricity
Heat Source: Central
Air Conditioning: Package Unit
Internet Access: Cable, Satellite
Interior Description: See Portfolio Attached
Zoning Description: This property is within a City Commercial zone/development.
Part of Planned Development?: Yes
Lot Frontage: 208
Lot Depth: 367
Water Service: Municipal
Sewer Type: Other
Easements Description: Property owns an additional 50' along its south line. This is for a dedicated City street.
Land Ownership: Fee
Legal Description: See Attached

View FullscreenMap

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 814 3,501 7,365
Median Age: 34.24 37.23 39.52
Households: 317 1,384 2,859


Photograph of Listing Agent

Pete Pauley

The Pauley Corporation Lake Charles, LA 70601
LACDB Member
© Copyright 2024 Moody's. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither Louisiana Commercial Database, LLC nor Moody's assume any liability for errors or omissions.