1035 Martin Luther King Jr Dr - Hospitality FOR SALE


Monroe, LA 71203
$4,000,000 USD
407-745-8650
1035 Martin Luther King Jr Dr, Monroe, LA for Sale
$4,000,000 USD
Hospitality - FOR SALE
1/22
null | Request Cap Rate

1035 Martin Luther King Jr Dr
Monroe, LA 71203


OVERVIEW

Enlarge Your Territory and put down your stake - Great property $$$$$$$ 128 ROOMS - turn your investment money into an opportunity to make a rewarding revenue - for growth and new management. The opportunity is YOURS and this lovely motel cam make the difference in your Now and Near Future. Comfortable Accommodations: Motel 6-Monroe in Monroe offers air-conditioned rooms with private bathrooms, showers, and TVs. Each room includes a bath, refrigerator, and microwave, ensuring a pleasant stay. Essential Facilities: Guests enjoy free WiFi, a 24-hour front desk, and free on-site private parking. The property is pet-friendly, welcoming travelers with their furry companions. Convenient Location: Located 2.5 mi from Monroe Regional Airport and 7.5 mi from Ike Hamilton Expo Center, the hotel provides easy access to local attractions. Malone Stadium is also 2.5 mi away. Guest Favorites: Visitors appreciate the property's location, value for money, and convenient location, making it a preferred choice for travelers. Over $800k renovation done on the property in 2024. New locks, outside painted, all new exterior lights, several of the rooms renovated, new tv’s, new 32 camera system, etc. The property was once LaQuinta and Motel6 took it over 2015. Its absentee ran with same manager since the place was built. Great Investment and wonderful Staffs. Only Serious buyers! You can contact me at 407.75.8650 or toniosellshomes@gmail.com Thanks Realtor Tony

FOR SALE DETAILS

PRICE

$4,000,000 USD

PRICE/SF

$40 USD /SF

# OF ROOMS

129

PRICE/ROOM

$31,008 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Motel 6 Monroe

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1984

PARKING SPACES

112

LAND DETAILS

LAND ACRES

2.3 AC

LAND SF

100,188 SF

ZONING

B-3

APN/PARCEL ID

24130

ASK ABOUT THIS PROPERTY

Antonio WhitfieldFlorida Homes Realty & MortgageMore Info
407-745-8650

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Antonio WhitfieldFlorida Homes Realty & MortgageMore Info
407-745-8650

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.