990 Avenue K - Hospitality FOR SALE


Marrero, LA 70072
$3,350,000 USD
504-513-6652
990 Avenue K, Marrero, LA for Sale
$3,350,000 USD
Hospitality - FOR SALE
1/35
null | 11.49% Cap Rate

990 Avenue K
Marrero, LA 70072


HIGHLIGHTS

  • Great Location!!! Next to West Jefferson Medical Corridor and Archbishop Shaw High School
  • Favorable X Flood Zone
  • New Roof Installed in 2022
  • 3/2 Owner Manager Suite w/ Additional 2/1 Unused Apartment

OVERVIEW

Prime investment opportunity at the Siesta Motel, 5353 Westbank Expressway & 990 Avenue K, Marrero, LA. This independently operated, 68-unit, two-story motel, built in 1972, spans 24,322 sq ft across 0.90 acres with C-2 zoning, featuring two buildings (45 units and 23 units, each with varied room layouts). Includes an exterior-corridor design, spacious on-site manager’s quarters (3 BR, 2.5 BA), and benefits from Flood Zone X for lower insurance costs. Ideally located off Highway 90, adjacent to Archbishop Shaw and Academy of Our Lady high schools, and less than 1 mile from LCMC West Jefferson Medical Center and Winn-Dixie. Great for owner-operators seeking value-add potential through renovations and optimized revenue strategies in the vibrant New Orleans metro area. Contact us for a comprehensive offering memorandum with financials and detailed insights.

FOR SALE DETAILS

PRICE

$3,350,000 USD

PRICE/SF

$140 USD /SF

# OF ROOMS

68

PRICE/ROOM

$49,265 {currency}

CAP RATE

11.49%

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Siesta Motel

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1972

PARKING SPACES

68

LAND DETAILS

LAND ACRES

0.9 AC

LAND SF

39,204 SF

ZONING

C-2

APN/PARCEL ID

0420004939

ASK ABOUT THIS PROPERTY

TJ SmithNola Living RealtyMore Info
504-513-6652

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TJ SmithNola Living RealtyMore Info
504-513-6652

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