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India House Hostel 112 S Lopez St 9 Room Hostel New Orleans, LA 70119 $6,000,000 ($666,667/Room) 12.24% Cap Rate
INVESTMENT HIGHLIGHTS
- High-traffic location ensures strong exposure!
EXECUTIVE SUMMARY
India House is a fully operated hostel
Turn-Key Licensed Hotel Great Investment Opportunity Established in 1990. India House is a fully operated hostel with 27 keys with Hotel business licence included with great income located half block from the streetcar line on Canal street. This prime asset, located a premier investment opportunity includes 6 front buildings and 2 back buildings, a large court yard with above ground pool, music stage, parking, and the New Orleans artsy spirit, for travelers seeking an authentic New Orleans experience ! This zoning designation supports a dynamic mix of uses, including residential and/or hotel, with retail and restaurant possibilities, making it a versatile development opportunity. This high-traffic location ensures strong exposure, his prime business opportunity at 112, 124, 126-28, 130-32,136-34,140-42 South Lopez st. For more information and a gallery of images, visit the hotel's website. The hotel website has more info and pictures.
Turn-Key Licensed Hotel Great Investment Opportunity Established in 1990. India House is a fully operated hostel with 27 keys with Hotel business licence included with great income located half block from the streetcar line on Canal street. This prime asset, located a premier investment opportunity includes 6 front buildings and 2 back buildings, a large court yard with above ground pool, music stage, parking, and the New Orleans artsy spirit, for travelers seeking an authentic New Orleans experience ! This zoning designation supports a dynamic mix of uses, including residential and/or hotel, with retail and restaurant possibilities, making it a versatile development opportunity. This high-traffic location ensures strong exposure, his prime business opportunity at 112, 124, 126-28, 130-32,136-34,140-42 South Lopez st. For more information and a gallery of images, visit the hotel's website. The hotel website has more info and pictures.
PROPERTY FACTS
| Price | $6,000,000 | Building Size | 29,238 SF |
| Price Per Room | $666,667 | No. Rooms | 9 |
| Sale Type | Investment | No. Stories | 2 |
| Cap Rate | 12.24% | Year Built | 1920 |
| Property Type | Hospitality | Tenancy | Single |
| Property Subtype | Hostel | Parking Ratio | 0.21/1,000 SF |
| Building Class | C | Corridor | Interior |
| Lot Size | 0.55 AC | Opportunity Zone |
Yes
|
| Zoning | Commercial | ||
| Price | $6,000,000 |
| Price Per Room | $666,667 |
| Sale Type | Investment |
| Cap Rate | 12.24% |
| Property Type | Hospitality |
| Property Subtype | Hostel |
| Building Class | C |
| Lot Size | 0.55 AC |
| Building Size | 29,238 SF |
| No. Rooms | 9 |
| No. Stories | 2 |
| Year Built | 1920 |
| Tenancy | Single |
| Parking Ratio | 0.21/1,000 SF |
| Corridor | Interior |
| Opportunity Zone |
Yes |
| Zoning | Commercial |
AMENITIES
- Pool
- Public Access Wifi
- Smoke-Free
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Guest Room | 9 | $72.00 | - |
1 1
Walk Score®
Very Walkable (84)
Bike Score®
Biker's Paradise (98)
PROPERTY TAXES
| Parcel Number | 1-05-2-053-07 | Improvements Assessment | $148,250 |
| Land Assessment | $18,310 | Total Assessment | $166,560 |
PROPERTY TAXES
Parcel Number
1-05-2-053-07
Land Assessment
$18,310
Improvements Assessment
$148,250
Total Assessment
$166,560
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India House Hostel | 112 S Lopez St
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