610 Martin Luther King Jr Blvd - Hospitality FOR SALE
Morgan City, LA 70380 |
$4,200,000 USD
404-398-2090
610 Martin Luther King Jr Blvd
Morgan City, LA 70380
HIGHLIGHTS
- Extremely attractive Cap Rate at 11%+
- Perfect owner operator opportunity with aggresive cash flow day one - 26%+ Net Cash on Cash Return
- Centrally located within Morgan City’s Cajun Coast region
- Proximity to major employers, medical facilities, higher education, and government operations
- USDA Financing Eligible
FOR SALE DETAILS
PRICE
$4,200,000 USD
PRICE/SF
$147 USD /SF
# OF ROOMS
57
PRICE/ROOM
$73,684 {currency}
CAP RATE
11.56%
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Best Western Morgan City Inn
PROPERTY TYPE
Hospitality
TOTAL BUILDING SIZE
-
STORIES
2
ROOM ENTRANCE
Interior
BUILDING CLASS
B
YEAR BUILT
2007
PARKING SPACES
68
LAND DETAILS
LAND ACRES
1.32 AC
LAND SF
57,499 SF
ZONING
C-2
APN/PARCEL ID
3284341258
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404-398-2090
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404-398-2090
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