1035 Martin Luther King Jr Dr - Hospitality FOR SALE


Monroe, LA 71203
$5,250,000 USD
407-745-8650
1035 Martin Luther King Jr Dr, Monroe, LA for Sale
$5,250,000 USD
Hospitality - FOR SALE
1/22
null | Request Cap Rate

1035 Martin Luther King Jr Dr
Monroe, LA 71203


OVERVIEW

Great Opportunity to have this Motel in your Portfolio! 129 rooms with 1 apartment. Well maintained, franchised hotel. Renovated in 2024-2025. Revenue continues to grow year-by-year - the property has over $1M renovation done. Such as 40 rooms with new bathtubs and paint including all new plumbing fixtures' and shut off valves and two brand new hot water tanks. - the other remaining room were touched up with any small repair that was needed. Roof is tiled and was recently sealed again and repainted. New locks, outside painted, all new exterior lights, new TV's and 32 new camera system etc. $400k will be given for key money to convert to higher brand. Motel 6 can be taken off if purchased or they can keep flag and renew December 2028. Rooms size 340sqft (easily to be converted to muti-family) Ideally located off I-20. The Fulfillment Center Meta's Subsidiary Plans an $800M Data Center in Davenport, backed by a $161M tax exemption, with construction et for 2025-2027 within minutes of Davenport Municipal Airport and the Iowa-Short drive to major employers such as John Deere (World HQ), Rock Island Arsenal, Arconic, Tyson, Kraft Heinz, Nestle Purina. Fulfillment Center nearby attractions include Vander Veer Botanic Park, Putnam Museum & Science Center, Modern Woodmen Park, Vibrant Arena at the MARK, Mississippi Valley Fair, John Deere Pavilion and more located in the Quad Cities Metro. 37 million people in a 300 mile radius.

FOR SALE DETAILS

PRICE

$5,250,000 USD

PRICE/SF

$52 USD /SF

# OF ROOMS

129

PRICE/ROOM

$40,698 {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

51128

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 Notice.