221 S Preston St - Hospitality FOR SALE


Marksville, LA 71351
$599,000 USD
214-789-2490
221 S Preston St, Marksville, LA for Sale
$599,000 USD
Hospitality - FOR SALE
1/30
null | 9.24% Cap Rate

221 S Preston St
Marksville, LA 71351


OVERVIEW

Marksville, Louisiana, has experienced notable economic growth and an increase in employment opportunities in recent years. A significant development is the $1.6 million grant awarded by the U.S. Economic Development Administration to the Tunica-Biloxi Tribe of Louisiana. This funding is designated for constructing a multi-enterprise manufacturing facility in Marksville, aiming to bolster the local manufacturing sector and generate new jobs. The local job market reflects this positive trend, with approximately 2,300 positions available in Marksville, as listed on Indeed.com. These opportunities span various sectors, including sales, healthcare, and food service, indicating a diverse and expanding employment landscape. Economic indicators further underscore this growth. Between 2021 and 2022, Marksville's median household income rose by 30.4%, from $25,786 to $33,635. This substantial increase suggests an improving standard of living for residents. Additionally, the Tunica-Biloxi Tribe has been proactive in fostering economic development. In 2023, the tribe secured over $70 million in grants to support workforce development, enhance internet access, and provide small business assistance, all contributing to the region's economic vitality. In summary, Marksville's local economy is on an upward trajectory, with significant investments and a growing job market offering residents enhanced employment prospects and economic well-being. Conveniently located in the charming Marksville area, Deluxe Inn is the ideal destination for travelers passing through or visiting family, friends, and the many events that the vibrant city of Marksville and Paragon Casino have to offer. Whether you're here for leisure, work, or one of the many local festivals, we’re dedicated to making your stay comfortable and memorable. Room Features We offer a variety of accommodations to suit your needs: Rooms with Two Double Beds – Perfect for families or groups, these rooms provide a cozy and elegant atmosphere. Rooms with King Size Bed – These rooms feature added conveniences such as a refrigerator, microwave, and a spacious office work area for business travelers. Amenities At Deluxe Inn, we prioritize your comfort and convenience with the following amenities in all our rooms: FREE High-Speed Wi-Fi Expanded cable TV service Microwaves and refrigerators Hairdryers Alarm clocks King and queen bed options Ample parking for large trucks and RVs Low daily and weekly rates Local Attractions Explore the rich history, vibrant culture, and exciting activities nearby: Paragon Casino Resort – Just minutes away, offering entertainment, dining, and more. Marksville State Historic Site – Discover the region's unique history. Hypolite Bordelon House – A step back into 19th-century Cajun life. Fort DeRussy State Historic Site – A significant Civil War landmark. Fishing and Hunting – Enjoy the outdoors with local opportunities for fishing and hunting. Local Festivals – Experience the lively Cajun culture through numerous festivals held throughout the year. Whatever brings you to Marksville, Deluxe Inn is proud to be your home away from home. We look forward to welcoming you soon!

FOR SALE DETAILS

PRICE

$599,000 USD

PRICE/SF

$40 USD /SF

# OF ROOMS

28

PRICE/ROOM

$21,393 {currency}

CAP RATE

9.24%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Deluxe Inn

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

1

ROOM ENTRANCE

Interior

BUILDING CLASS

C

YEAR BUILT

1983

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.98 AC

LAND SF

42,689 SF

ZONING

C2

APN/PARCEL ID

017-71244310

ASK ABOUT THIS PROPERTY

Jeffrey TaylorAlliance Real EstateMore Info
214-789-2490

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

Jeffrey TaylorAlliance Real EstateMore Info
214-789-2490

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