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: |
5/21/2022 |
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.
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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 |
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 |
|
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