3400 Service Rd - Hospitality FOR SALE


Metairie, LA 70001
$11,700,000 USD
504-875-2100
3400 Service Rd, Metairie, LA for Sale
$11,700,000 USD
Hospitality - FOR SALE
1/20
null | Request Cap Rate

3400 Service Rd
Metairie, LA 70001


HIGHLIGHTS

  • Great visibility
  • Access to Airport and Downtown

OVERVIEW

Seize the opportunity to acquire a 193-room hotel strategically located in the heart of Metairie, just minutes from the New Orleans Airport, French Quarter, and major demand drivers. This prime property offers significant upside through renovation and rebranding potential, with strong in-place cash flow supported by a long-term IHOP lease.

FOR SALE DETAILS

PRICE

$11,700,000 USD

PRICE/SF

$149 USD /SF

# OF ROOMS

193

PRICE/ROOM

$60,622 {currency}

CAP RATE

Request Cap Rate

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Ramada Metairie New Orleans Airport

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

4

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

1969

PARKING SPACES

176

LAND DETAILS

LAND ACRES

3.29 AC

LAND SF

143,312 SF

ZONING

B2

APN/PARCEL ID

0820017883

ASK ABOUT THIS PROPERTY

Katheryn BestTAG Realty LLCMore Info
504-875-2100

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Katheryn BestTAG Realty LLCMore Info
504-875-2100

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