234 Lobdell Hwy S | Port Allen, LA 70767
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234 Lobdell Hwy S
Port Allen, LA 70767
Red Roof Inn Port Allen · Hospitality Property For Sale · 54,226 SF
Investment Highlights
- Located in a growing area less than 20 minutes from Baton Rouge Metropolitan Airport
- Near major demand generators such as Downtown Baton Rouge, LSU Tiger Stadium, Louisiana State University, and the Port of Greater Baton Rouge
- SBA financing available with 20% or less down payment available
- Minimal remaining PIP costs are estimated at around $1,000 per key, which can be financed
- Value add opportunity for a new owner to increase RevPAR and decrease expenses
- 100-key fee-simple property offered significantly below replacement cost
PROPERTY FACTS
Property Type | Hospitality | No. Stories | 2 |
Property Subtype | Hotel | Year Built/Renovated | 1978/2014 |
Building Class | C | Parking Ratio | 2.58/1,000 SF |
Lot Size | 3.01 AC | Corridor | Interior |
Building Size | 54,226 SF |
Property Type | Hospitality |
Property Subtype | Hotel |
Building Class | C |
Lot Size | 3.01 AC |
Building Size | 54,226 SF |
No. Stories | 2 |
Year Built/Renovated | 1978/2014 |
Parking Ratio | 2.58/1,000 SF |
Corridor | Interior |
Amenities
- Pool
- High Speed Internet Access
- Patio
- Public Access Wifi
PROPERTY TAXES
Parcel Number | 304510000900 | Improvements Assessment | $249,750 |
Land Assessment | $105,860 | Total Assessment | $355,610 |
PROPERTY TAXES
Parcel Number
304510000900
Land Assessment
$105,860
Improvements Assessment
$249,750
Total Assessment
$355,610
zoning
Zoning Code | C-2 (Commercial) |
C-2 (Commercial) |
Learn More About Investing in Hospitality Properties
Listing ID: 31116440
Date on Market: 3/4/2024
Last Updated:
Address: 234 Lobdell Hwy S, Port Allen, LA 70767
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