2020 Highland Rd - Hospitality FOR SALE


Baton Rouge, LA 70802- Highlands/Perkins
$700,000 USD
225-328-1778
2020 Highland Rd, Baton Rouge, LA for Sale
$700,000 USD
Hospitality - FOR SALE
1/25
null | Request Cap Rate

2020 Highland Rd
Baton Rouge, LA 70802
Highlands/Perkins


HIGHLIGHTS

  • Fully Renovated!
  • Excellent Investment Opportunity
  • Turn Key Business Opportunity

OVERVIEW

Fully-renovated well-maintained and 10 unit hotel complex available for sale located between Downtown Baton Rouge and LSU. Most rentals are on a weekly or monthly basis with corporate or contract tenants. Easily managed with one employee. Property is fully secured with iron electric gates and security camera system. All units are fully renovated and include new 32" flat-screen LCD TVs. Sale includes business, furniture, fixture and equipment. Employee manual and training included as well. Annual income of $90,000.00 per year. Turn-key business investment opportunity in this booming corridor. • Turn-Key Business Investment for Sale • Ten (10) Unit Hotel Complex • Fully-Renovated • Between Downtown Baton Rouge and LSU • Located in Booming Corridor • Most Rentals on Weekly/Monthly Basis • Corporate and Contract Tenants • New 32” Flat-Screen LCD TV’s in Units • Iron Electric Gates and Security Camera System • Includes Business, Furniture, Fixtures, Equipment • Easily Managed with One (1) Employee • Employee Manual and Training Included

FOR SALE DETAILS

PRICE

$700,000 USD

PRICE/SF

$311 USD /SF

# OF ROOMS

10

PRICE/ROOM

$70,000 {currency}

CAP RATE

Request Cap Rate

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

River East Inn: 10-Unit Fully Renovated Motel

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

1

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

2006

PARKING SPACES

16

LAND DETAILS

LAND ACRES

0.21 AC

LAND SF

9,148 SF

ZONING

C-2

APN/PARCEL ID

00583561

ASK ABOUT THIS PROPERTY

Carmen Austin MBA, CCIM, SIORSaurage Rotenberg Commercial Real EstateMore Info
225-328-1778

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Carmen Austin MBA, CCIM, SIORSaurage Rotenberg Commercial Real EstateMore Info
225-328-1778

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