PLANTATION MOTOR INN - VALUE ADDED DEAL! | 2810 NE Evangeline Trwy
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PLANTATION MOTOR INN - VALUE ADDED DEAL! 2810 NE Evangeline Trwy
88 Room Hotel Lafayette, LA 70507 $2,750,000 ($31,250/Room) 8.73% Cap Rate
Investment Highlights
- VALUE ADDED DEAL ON MAJOR INTERSTATE-88 KEYS-$31,534 PER KEY - 8.73 CAP
- UPDATING OFFICE, LOBBY, MEETING ROOM, RESTAURANT INTO SELF -SERVE & UPDATING GUEST ROOMS
- COULD BE AN EASY CONVERSION TO APTS!
- RECENTLY RENOVATED EXTERIOR INCLUDING ROOFS - BUILDINGS IN VERY GOOD CONDITION!
- WILL SUBSTANTIALLY INCREASE OCCUPANCY AND ARR.
Executive Summary
VALUE ADDED DEAL! - 88 KEYS - ASKING $31,534 PER KEY.
8.73 CAP CASH ON CASH
ON INTERSTATE 49 - 1.2 MILES NORTH OF 1-10.
COULD BE AN EASY CONVERSION TO APTS!
STANDALONE OFFICE BUILDING HAS RESTAURANT AND MEETING ROOM THAT ARE CLOSED.
RECENTLY RENOVATED EXTERIOR INCLUDING ROOFS-BUILDINGS IN VERY GOOD CONDITION.
UPDATING OFFICE, LOBBY, MEETING ROOM, RESTAURANT INTO SELF -SERVE & UPDATING GUEST ROOMS,
WILL SUBSTANTIALLY INCREASE OCCUPANCY AND ARR.
1/2+/- OF ROOMS HAVE WEEKLY GUESTS.
WIFI
Laundry Room
Plenty of Free Onsite Parking
Wheelchair Access to Common/Public Areas
Balcony/Terrace
Coffeemaker (some)
Refrigerator (some)
Cable/Satellite TV
8.73 CAP CASH ON CASH
ON INTERSTATE 49 - 1.2 MILES NORTH OF 1-10.
COULD BE AN EASY CONVERSION TO APTS!
STANDALONE OFFICE BUILDING HAS RESTAURANT AND MEETING ROOM THAT ARE CLOSED.
RECENTLY RENOVATED EXTERIOR INCLUDING ROOFS-BUILDINGS IN VERY GOOD CONDITION.
UPDATING OFFICE, LOBBY, MEETING ROOM, RESTAURANT INTO SELF -SERVE & UPDATING GUEST ROOMS,
WILL SUBSTANTIALLY INCREASE OCCUPANCY AND ARR.
1/2+/- OF ROOMS HAVE WEEKLY GUESTS.
WIFI
Laundry Room
Plenty of Free Onsite Parking
Wheelchair Access to Common/Public Areas
Balcony/Terrace
Coffeemaker (some)
Refrigerator (some)
Cable/Satellite TV
Property Facts
Amenities
- High Speed Internet Access
- Public Access Wifi
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Guest Room | 88 | $63.00 | - |
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PROPERTY TAXES
| Parcel Number | 6021250 | Improvements Assessment | $164,912 |
| Land Assessment | $29,671 | Total Assessment | $194,583 |
PROPERTY TAXES
Parcel Number
6021250
Land Assessment
$29,671
Improvements Assessment
$164,912
Total Assessment
$194,583
zoning
| Zoning Code | R3 (Hospitality) |
| R3 (Hospitality) |
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PLANTATION MOTOR INN - VALUE ADDED DEAL! | 2810 NE Evangeline Trwy
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