Price Reduced! Independent Motel Property in Baton Rouge, LA!
| Asking Price: | $1,599,000 |
| Gross Revenue: | $255,000 |
| Cash Flow: | $168,915 |
| Real Estate: | $1,599,000 |
Yearly net sales are currently over $250,000!
Net profit before mortgage is over $168,000 per year AFTER paying all other expenses!
Average Daily Rate (ADR): $56
Occupancy Rate: 26%
Rentable Rooms: 48
Property is 1.29 acres!
Building is over 22,000 SF!
Roof was replaced in 2018!
Porte cochère providing guests and vendors coverage upon arrival!
Rooms are large enough to add a kitchenette and convert the property to an extended stay! Huge opportunity to increase the occupancy rate!
Manager's Suite is 4 rooms!
Motel currently does not serve food. Huge opportunity to increase revenue through meal offerings and/or service!
Seller has owned the property for 5 years!
High traffic count of 50,100 vehicles passing by the Motel each day! Huge opportunity to capture additional traffic!
High visibility location directly off of I-12 and Hwy-61 interchange!
Walking distance to Celebration Station- Amusement Park! Huge opportunity to capitalize on amusement park guests!
Less than 15 minutes to downtown Baton Rouge! 1 hour from Lafayette, LA! 1 hour 15 minutes from New Orleans, LA!
Near universities like Remington College-Baton Rouge Campus with over 120 students, a Medical Training College with over 170 students, Bethany College-Baton Rouge with over 790 students, Franciscan Missionaries of Our Lady University with over 900 students, Baton Rouge Community College with over 6,800 students!
3 miles from apartment complexes like Hampton Court Apartments, Atlas at Lakeview, Atlas at Foresthaven, Muriel Crossing Apartments, Canterbury House Apartments, and Eden Point Apartments.
6 miles from a new development coming downtown with recreational areas and 200 units and a new residential project with 132 units in a mix of studio through five-bedroom floor plans.
Asking Price for the Property: $1,599,000! Lease-purchase for the Property available for 20% down plus inventory!
