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The subject property is located on Airline Highway in Baton Rouge near to Hwy 190 and I-12 in an area of existing residential and commercial development.
There is no profit and loss statement available for the existing business, which is an operating motel, as the price is based on the value of the land and improvements only.
There are six separate buildings on 3.68 acres of land. A large retail space in the first building is highly visible from the highway and would be ideal for a restaurant or other retail use.
The motel layout is well-designed with all rooms open to the parking lot. There are no interior hallways. Overall, the property is very clean, and it produces steady income.
The size of the land and its location provides great potential for redevelopment, or it could also be excellent for a small business operator. - Parking description: ample parking. - Number of buildings: 6 - Number of units: 100 - Building condition: Average
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Most listings are in the $20's per square foot per year. The Lobdell-Woodale submarket is experiencing a a rise in rates. In the last 3 months, the median rate increased $26 per sqft per year. That's a Inf% increase in rent.
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