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Boardwalk Suites Lafayette 1605 N University Ave 100 Room Hotel Lafayette, LA 70506 $3,490,000 ($34,900/Room)
Executive Summary
ntroducing Boardwalk Suites Lafayette, located at 1605 N University Ave, Lafayette LA 70506. This impressive investment opportunity boasts a 45,418 SF building on a vast 3.20-acre lot with 140 rooms. Renovated in 2021, the property features modern amenities and a desirable location. Strategically situated in a thriving area with a substantial population and income growth projected for 2026, this property also includes an 8,000 sqft retail building. With a parking ratio of 2.04 per room and zoning type C, this two-story gem presents a lucrative potential for investors looking to capitalize on the hospitality industry. Don't miss the chance to own Boardwalk Suites Lafayette - a gem in Lafayette offering both a promising financial outlook and endless possibilities for expansion and development. Contact us today to seize this remarkable investment opportunity!
Property Facts
| Price | $3,490,000 | Building Size | 45,418 SF |
| Price Per Room | $34,900 | No. Rooms | 100 |
| Sale Type | Investment | No. Stories | 2 |
| Property Type | Hospitality | Year Built/Renovated | 1975/2021 |
| Property Subtype | Hotel | Parking Ratio | 2.82/1,000 SF |
| Building Class | C | Corridor | Exterior |
| Lot Size | 3.20 AC | Opportunity Zone |
Yes
|
| Zoning | C - Motel | ||
| Price | $3,490,000 |
| Price Per Room | $34,900 |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 3.20 AC |
| Building Size | 45,418 SF |
| No. Rooms | 100 |
| No. Stories | 2 |
| Year Built/Renovated | 1975/2021 |
| Parking Ratio | 2.82/1,000 SF |
| Corridor | Exterior |
| Opportunity Zone |
Yes |
| Zoning | C - Motel |
Amenities
- High Speed Internet Access
- Meeting Event Space
- Public Access Wifi
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Guest Room | 100 | $79.00 | - |
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Property Taxes
| Parcel Number | 6030176 | Improvements Assessment | $164,238 |
| Land Assessment | $38,332 | Total Assessment | $202,570 |
Property Taxes
Parcel Number
6030176
Land Assessment
$38,332
Improvements Assessment
$164,238
Total Assessment
$202,570
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Boardwalk Suites Lafayette | 1605 N University Ave
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