404-876-1640
1801 W Pinhook Rd, Lafayette, LA for Sale
Hospitality - FOR SALE
1/31
null | Request Cap Rate

1801 W Pinhook Rd
Lafayette, LA 70508
Central Lafayette Parish


HIGHLIGHTS

  • 290-key six-story concrete and steel frame building, in a U-shaped courtyard
  • Currently gutted with systems in place
  • CM (Commercial Heavy) is a comprehensive and broad zoning and favorable to multifamily conversions
  • Lafayette has shown interest in converting similar properties to apartments
  • Extra parking that can be converted into a standalone retail pad
  • Bull Realty LA License #0995682852

OVERVIEW

290-key six-story concrete and steel frame building, in a U-shaped courtyard Guestrooms and suites are oversized at an average of ±356 SF Over 13,000 SF of meeting space and two retail food and/or beverage outlets to be leased out or operated inhouse, located in a single-story commercial building Currently gutted with systems in place CM (Commercial Heavy) is a comprehensive and broad zoning and favorable to multifamily conversions Strong labor market Architectural plans for a multifamily conversion may be available upon request Potential seller financing available for qualified purchaser for purchase and renovation Branding flexibility presenting a potential redevelopment opportunity Priced well below replacement Lafayette has shown interest in converting similar properties to apartments Extra parking that can be converted into a standalone retail pad Some FFE and drywall retained from interior demo that can potentially be used in a multifamily conversion or sold in a hotel conversion Bull Realty LA License #0995682852

FOR SALE DETAILS

PRICE

Request Info for Price

# OF ROOMS

290

CAP RATE

Request Cap Rate

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Bank Owned Hotel Redevelopment or Multifamily

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

6

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

1981

PARKING SPACES

350

LAND DETAILS

LAND ACRES

6.14 AC

LAND SF

267,241 SF

ZONING

CM

APN/PARCEL ID

6010037

ASK ABOUT THIS PROPERTY

Tom FrenchBull Realty Inc.More Info
404-876-1640

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Tom FrenchBull Realty Inc.More Info
404-876-1640

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