Lease-Purchase Available! Price Reduced!! Independent Motel Property in Baton Rouge, LA! Extremely High Traffic Count of 50k Vehicles Per Day!

$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!

If interested, please call or text us anytime at (770) 664-9999 or email your full name and best contact number to info@riverbrokers.com

Details

Price : $1,599,000
Property Type : Business and Property
Purpose : Sell
Status : Available
Address : Baton Rouge, LA
State : LA
City : Baton Rouge

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