Motel For Sale
Hospitality
for Sale
| Catylist Listing ID: |
30851855 |
| Property Subtypes: |
Motel
|
| Number of Units: |
25 Units |
| Building Size (RSF): |
See Agent |
| Gross Building Area: |
See Agent |
| Gross Land Area: |
1.69 Acres
|
| Sale Price: |
$551,000 |
| Unit Price: |
$22,040 Per Unit |
| Property Use Type: |
Business |
| Name of Establishment: |
Magnolia Motel |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Last Updated: |
9/7/2023 |
Overview / Comments
|
Magnolia Motel is located in the heart of Minden, Louisiana. This 25 room motel is located at 1109 Sheveport Rd off Hwy 80. There is a manager's living quarters right behind the office that is fully renovated with 3 bedrooms, 3 full baths, plenty of storage, laundry room, kitchen, and dining space. Each room in the motel has brand new A/C units. Currently, 15 rooms are rentable and renovations are in progress.
|
Additional Details
| Nearest MSA: |
Minden |
| County: |
Webster |
| Tax ID/APN: |
28190904013 |
| Zoning: |
B-4 |
| Retail Clientele: |
General |
| Property Located Between: |
Hwy 80 &79 |
| Property Visibility: |
Good |
| Largest Nearby Street: |
Hwy 79 |
| Feet of Frontage: |
215 |
| Highway Access: |
Hwy 79 & 80 |
| Airports: |
Shreveport Regional Airport |
| Area Description: |
There's a 24 hrs Shell Gas station nearby, DQ and Waffle house, located 1.5 miles from exit ramp, lots of restaurants nearby, Walmart, CVS, Walgreens. |
| Total Number of Buildings: |
1 |
| Number of Stories: |
1 |
| Property Condition: |
Average |
| Year Built: |
1960 |
| Year Renovated: |
2023 |
| Roof Type: |
Flat |
| Parking Type: |
Surface |
| Heat Type: |
Natural Gas |
| Heat Source: |
Wall Units |
| Air Conditioning: |
Window Unit |
| Zoning Description: |
Commercial |
| Lot Frontage: |
215 |
| Lot Depth: |
343 |
| Water Service: |
Municipal |
| Sewer Type: |
Municipal |
| Easements: |
Utilities |
| Legal Description: |
LOT 215 X 343 FT. IN SE/4 OF NW/4 SEC. 28-19-9, LESS 97.9 X 114.1 FT.
|
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
4,272 |
13,543 |
15,490 |
| Median Age: |
35.13 |
38.2 |
38.72 |
| Households: |
1,580 |
5,432 |
6,156 |
|
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