1605 N University Ave - Hospitality FOR SALE


Lafayette, LA 70506- Central Lafayette Parish
$3,490,000 USD
714-353-8917
1605 N University Ave, Lafayette, LA for Sale
$3,490,000 USD
Hospitality - FOR SALE
1/5
null | Request Cap Rate

1605 N University Ave
Lafayette, LA 70506
Central Lafayette Parish


OVERVIEW

ntroducing Boardwalk Suites Lafayette, located at 1605 N University Ave, Lafayette LA 70506. This impressive investment opportunity boasts a 45,418 SF building on a vast 3.20-acre lot with 140 rooms. Renovated in 2021, the property features modern amenities and a desirable location. Strategically situated in a thriving area with a substantial population and income growth projected for 2026, this property also includes an 8,000 sqft retail building. With a parking ratio of 2.04 per room and zoning type C, this two-story gem presents a lucrative potential for investors looking to capitalize on the hospitality industry. Don't miss the chance to own Boardwalk Suites Lafayette - a gem in Lafayette offering both a promising financial outlook and endless possibilities for expansion and development. Contact us today to seize this remarkable investment opportunity!

FOR SALE DETAILS

PRICE

$3,490,000 USD

PRICE/SF

$77 USD /SF

# OF ROOMS

100

PRICE/ROOM

$34,900 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Boardwalk Suites Lafayette

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1975

PARKING SPACES

204

LAND DETAILS

LAND ACRES

3.2 AC

LAND SF

139,392 SF

ZONING

C

APN/PARCEL ID

6030176

ASK ABOUT THIS PROPERTY

Silvestre Madrigal JrC21 AllStars, Commercial & Investment GroupMore Info
714-353-8917

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Silvestre Madrigal JrC21 AllStars, Commercial & Investment GroupMore Info
714-353-8917

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