6232 Chef Menteur Hwy - Riverboat Travel Park 3,200 SF Specialty Building Offered at $945,000 in New Orleans, LA 70126

The property, located at 6232 Chef Menteur Hwy in New Orleans, LA, boasts a
stabilized NOI and significant upside potential through operational
efficiencies and rental growth. With strong fundamentals and below-market
pricing, this asset provides an attractive entry point for investors seeking a
diverse income source. This well-balanced mix of retail, multifamily, and RV
park revenue enhances overall stability, ensuring consistent cash flow.
Positioned for long-term appreciation, this investment offers a solid return
with market-aligned cap rates and opportunities for enhanced profitability
through strategic management.
Further revenue growth opportunities exist through the installation of
individual electric meters at each RV bay, allowing for electricity charges
based on usage, which can increase overall operating income. Currently, no
marketing or advertising efforts have been implemented, presenting a prime
opportunity for SEO, paid advertising, and digital marketing to expand
customer reach and drive occupancy rates. A new online reservation system
launching soon will further increase visibility and streamline bookings,
offering free advertising benefits. Additionally, credit card fees will be passed
on to guests starting in November 2024, directly improving profitability and
reducing operational expenses.
With its prime location, diversified income streams, and significant upside
potential, Riverboat Travel Park offers a rare opportunity for investors seeking
a high-demand asset positioned for long-term appreciation.