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

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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

Contact

Photograph of Listing Agent

Pete Pauley

The Pauley Corporation Lake Charles, LA 70601
LACDB Member
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