River East End - Hospitality For Sale Near LSU

Hospitality for Sale
Also listed as Business Opportunity
Catylist Listing ID: 30538962
Property Subtypes: Extended Stay, Hotel, Inn, Motel
Number of Units: 10 Units
Building Size (RSF): 2,250 SF
Gross Building Area: See Agent
Sale Price: $499,000
Unit Price: $49,900 Per Unit
In Opportunity Zone? Yes
Property Use Type: Investment, Business
Building Name: River East Inn
Name of Establishment: River East Inn
Sale Terms: Cash to Seller, Owner Financing
Cap Rate: Undisclosed
Last Updated: 8/3/2020

Overview / Comments

Fully-renovated well-maintained and 10 unit hotel complex available for sale located between Downtown Baton Rouge and LSU. Most rentals are on a weekly or monthly basis with corporate or contract tenants. Easily managed with one employee. Property is fully secured with iron electric gates and security camera system. All units are fully renovated and include new 32" flat-screen LCD TVs. Sale includes business, furniture, fixture and equipment. Employee manual and training included as well. Annual income of $90,000.00 per year. Turn-key business investment opportunity in this booming corridor.

Additional Details

Nearest MSA: Baton Rouge
County: East Baton Rouge
Submarket/Township: 52
Taxing Authority: East Baton Rouge Parish
Tax ID/APN: 840351818
Zoning: C-2
Market Type: Medium
Retail Clientele: General, Business, Traveler, Tourist, Recreation, Convention, Casino, Other
Property Located Between: LSU and Downtown Baton Rouge
Side of Street: West
Road Type: Paved
Property Visibility: Excellent
Largest Nearby Street: Highland Rd.
Transportation: Highway
Number of Stories: 1
Property Condition: Excellent
Parking Type: Surface

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 12,525 84,796 163,798
Median Age: 30.47 32.2 33.21
Households: 5,446 35,896 66,871


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