233 Arthur Ave - Hospitality FOR SALE


Lake Arthur, LA 70549
$450,000 USD
337-274-5684
233 Arthur Ave, Lake Arthur, LA for Sale
$450,000 USD
Hospitality - FOR SALE
1/42
null | Request Cap Rate

233 Arthur Ave
Lake Arthur, LA 70549


OVERVIEW

The Bank Hotel is a beautifully restored historic boutique hotel located in the heart of downtown Lake Arthur. Situated on a .31-acre corner lot, this one-of-a-kind property offers exceptional charm, high visibility, and proven income potential just minutes from the lake, park, sandy beach, and local attractions. The property features 6,408 heated and cooled square feet and includes eight luxury suites, with three king suites on the first floor and five double queen suites upstairs, perfectly suited for couples, families, and group stays. Guests are welcomed through a warm, inviting lobby showcasing original architectural details, while each suite blends timeless character with modern comfort. Expansive covered porches on both levels provide a standout feature, offering guests a relaxing space to unwind—one of the most sought-after amenities. With over 3,500 guests hosted and eight consecutive years of 5-star experiences, The Bank Hotel has established a strong reputation and loyal following, making it a true turnkey hospitality investment. Offered with most furnishings and contents remaining, the property allows for a seamless transition to new ownership. Ample parking, strong corner exposure, and a prime downtown location further enhance its appeal. From an investment standpoint, the property generates approximately $39,436 in net operating income, reflecting an 8.76% cap rate at the current list price. Additional upside exists through rate adjustments and operational efficiencies, with potential to increase returns into the 9–10% range. Whether you’re looking to expand your portfolio or own a signature hospitality asset, The Bank Hotel offers a rare opportunity to acquire a fully operational, highly rated boutique hotel with immediate cash flow and long-term growth potential.

FOR SALE DETAILS

PRICE

$450,000 USD

PRICE/SF

$66 USD /SF

# OF ROOMS

7

PRICE/ROOM

$64,286 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Bank Hotel Lake Arthur

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

1990

PARKING SPACES

11

LAND DETAILS

LAND ACRES

0.38 AC

LAND SF

16,553 SF

ZONING

None

APN/PARCEL ID

110346500

ASK ABOUT THIS PROPERTY

Steven FloydColdwell Banker - Ingle Safari RealtyMore Info
337-274-5684

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Steven FloydColdwell Banker - Ingle Safari RealtyMore Info
337-274-5684

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