112 S Lopez St - Hospitality FOR SALE


New Orleans, LA 70119- Mid-City
$6,000,000 USD
504-799-1702
112 S Lopez St, New Orleans, LA for Sale
$6,000,000 USD
Hospitality - FOR SALE
1/15
null | 12.24% Cap Rate

112 S Lopez St
New Orleans, LA 70119
Mid-City


HIGHLIGHTS

  • High-traffic location ensures strong exposure!

OVERVIEW

India House is a fully operated hostel Turn-Key Licensed Hotel Great Investment Opportunity Established in 1990. India House is a fully operated hostel with 27 keys with Hotel business licence included with great income located half block from the streetcar line on Canal street. This prime asset, located a premier investment opportunity includes 6 front buildings and 2 back buildings, a large court yard with above ground pool, music stage, parking, and the New Orleans artsy spirit, for travelers seeking an authentic New Orleans experience ! This zoning designation supports a dynamic mix of uses, including residential and/or hotel, with retail and restaurant possibilities, making it a versatile development opportunity. This high-traffic location ensures strong exposure, his prime business opportunity at 112, 124, 126-28, 130-32,136-34,140-42 South Lopez st. For more information and a gallery of images, visit the hotel's website. The hotel website has more info and pictures.

FOR SALE DETAILS

PRICE

$6,000,000 USD

PRICE/SF

$205 USD /SF

# OF ROOMS

9

PRICE/ROOM

$666,667 {currency}

CAP RATE

12.24%

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

India House Hostel

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Interior

BUILDING CLASS

C

YEAR BUILT

1920

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.23 AC

LAND SF

10,170 SF

ZONING

Commercial

APN/PARCEL ID

1-05-2-053-05,1-05-2-053-07,1-05-2-053-08,1-05-2-053-09,1-05-2-053-10,1-05-2-053-11

ASK ABOUT THIS PROPERTY

Nathalie DuboisBerkshire Hathaway HomeServicesMore Info
504-799-1702

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

Nathalie DuboisBerkshire Hathaway HomeServicesMore Info
504-799-1702

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