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.

View FullscreenMap

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


Photograph of Listing Agent

Aparna Jain

Pinnacle Realty Advisors Shreveport, LA 71101
LACDB Member
© Copyright 2001-2023 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.