400 E 1st St - Hospitality FOR SALE


Thibodaux, LA 70301
$2,700,000 USD
404-398-2090
400 E 1st St, Thibodaux, LA for Sale
$2,700,000 USD
Hospitality - FOR SALE
1/34
null | Request Cap Rate

400 E 1st St
Thibodaux, LA 70301


HIGHLIGHTS

  • 1 mile from Nicholls State University
  • Within close proximity to all demand generators in Thibodaux, LA
  • Great potential to New Owner Operator
  • Excellent Hotel for Extended Stay Long Term Hotel Conversion
  • Several National Franchise Brands Conversion Available
  • New Nursing Home underway (Highway 1 and Percy Brown)

OVERVIEW

Rooms: 94 Exterior Corridor 2 Stories Year Built: 1972 Lot Size: 3.2 acres Solid Block Construction 1 mile from Nicholls State University Within close proximity to all demand generators in Thibodaux, LA Great potential to New Owner Operator Excellent Hotel for Extended Stay Long Term Hotel Conversion Several National Franchise Brands Conversion Available Bank Financing Available 55 miles from New Orleans, LA. Located in Thibodaux, the hotel is within 1 mile from downtown and Nicholls State University. Demand Generators: $40 million Cancer Center $6 million in improvements to NSU Football Stadium $770k NSU new greenhouse $8.1 million Bayou Side Park New Nursing Home underway (Highway 1 and Percy Brown) NSU Wellness Center- 12 tennis courts, football field, sand volleyball court Old Rouses Market will be torn down to build new hospital parking lot Bollinger Education Building refurbishment underway Student retention at NSU is 73%, currently 7,000 students Location Highlights: Downtown Thibodaux - 0.5 miles St. Joseph Co-Cathedral - 0.6 miles Nicholls State University - 0.7 miles Laurel Valley Village - 2.3 miles Thibodaux Regional Medical Center - 2.4 miles Bayou Lafourche - 21.8 miles Jean Lafitte National Historical Park and Preserve - 56.9 miles Please Do Not Call The Hotel or Hotel Employees about the Sale of the Hotel. Absentee Owner.

FOR SALE DETAILS

PRICE

$2,700,000 USD

PRICE/SF

$50 USD /SF

# OF ROOMS

94

PRICE/ROOM

$28,723 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Carmel Inn & Suites - Thibodaux

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

B

YEAR BUILT

1855

PARKING SPACES

140

LAND DETAILS

LAND ACRES

3.2 AC

LAND SF

139,392 SF

ZONING

RB

APN/PARCEL ID

0020494700,0020494800

ASK ABOUT THIS PROPERTY

Raiyan RabNumarix Real Estate ServicesMore Info
404-398-2090

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Raiyan RabNumarix Real Estate ServicesMore Info
404-398-2090

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