Hostel Building with Large Lot for Sale - Tulane Avenue

Hospitality for Sale
Catylist Listing ID: 30802175
Property Subtypes: Bed & Breakfast, Hostel, Hotel, Inn, Motel
Number of Units: 9 Units
Building Size (RSF): 5,100 SF
Gross Building Area: See Agent
Gross Land Area: 11,042 SF
Sale Price: $980,000
Unit Price: $108,888.89 Per Unit
In Opportunity Zone? Yes
Property Use Type: Vacant/Owner-User
Name of Establishment: Site 61 Hostel
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/27/2022

Overview / Comments

Great opportunity to own a beautiful, historic building currently operating as a Hostel in the Mid City area of New Orleans, LA. The Site 61 Hostel continues to entertain guests and visitors to New Orleans from all over the world. It provides 9 bedrooms, 8.5 full bathrooms, original hardwood floors and woodwork throughout, and can hold up to 36 guests a night. This site fronting popular Tulane Ave offers a central location for it's national and international guests to visit many of the city's most acclaimed attractions such as City Park, the French Quarter, the lakefront, riverfront, and more.

The Hostel is a 2-story, 3,900 SF building on a corner lot with a 1,200 SF building next door that is included in the sale. The ample backyard and lot includes approximately 7,892 SF and provides many possibilities for building or expansion. A large metal storage building is included. The Hostel has a brand new roof, 3 tankless water heaters, and 2 HVAC units operating in great condition. Parking is available along the front as well as the neighboring streets. Building and Lots are sold together. Also known as 3701 & 3707 Ulloa St.

Sale Includes:
- 3701 Ulloa St. (per tax assessor)
- 3707 Ulloa St.
- 621 S. Telemachus St.

Attachments & Media

Additional Details

Nearest MSA: New Orleans-Metairie
County: Orleans
Submarket/Township: Greater New Orleans
Tax ID/APN: 41034746
Zoning: HU-MU
Retail Clientele: General, Family, Business, Traveler, Tourist, Recreation, Convention, Casino, Other
Property Located Between: S Telemachus St, Ulloa St, S Cortez St, d'Hemecourt St
Property Visibility: Excellent
Largest Nearby Street: Tulane Avenue
Feet of Frontage: 554
Total Number of Buildings: 2
Number of Stories: 2

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 29,809 198,855 391,483
Median Age: 32.25 37.12 37.25
Households: 11,178 88,140 168,818

Contact

Photograph of Listing Agent

David Baker

Beau Box Commercial Real Estate New Orleans New Orleans, LA 70112
LACDB Member
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