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Boardwalk Suites Lafayette 1605 N University Ave 100 Room Hotel Lafayette, LA 70506 $1,900,000 ($19,000/Room)
Executive Summary
Must Sell
Seller Financing
Potential Conversion to Apartments
Introducing 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 sq ft 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!
Seller Financing
Potential Conversion to Apartments
Introducing 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 sq ft 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 | $1,900,000 | Building Size | 45,418 SF |
| Price Per Room | $19,000 | 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 | $1,900,000 |
| Price Per Room | $19,000 |
| 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 | - |
1 1
Somewhat walkable
30/100
Exceptionally drivable
100/100
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