Price Reduced! Independent Motel Property in Baton Rouge, LA! Extremely High Traffic Count of 50k Vehicles Per Day!
Price Reduced! Independent Motel Property in Baton Rouge, LA! Extremely High Traffic Count of 50k Vehicles Per Day!
Price: $1,599,000
Industry: Hotels, Motels
Listing ID: BATONROUGELAMOTEL1599K
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!
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
Gross Revenue: $255,000
Cash flow: $168,915
Square Footage: 22000