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Siesta Motel 990 Avenue K 68 Room Hotel Marrero, LA 70072 $3,350,000 ($49,265/Room) 11.49% Cap Rate
Investment Highlights
- Great Location!!! Next to West Jefferson Medical Corridor and Archbishop Shaw High School
- New Roof Installed in 2022
- Favorable X Flood Zone
- 3/2 Owner Manager Suite w/ Additional 2/1 Unused Apartment
Executive Summary
Prime investment opportunity at the Siesta Motel, 5353 Westbank Expressway & 990 Avenue K, Marrero, LA. This independently operated, 68-unit, two-story motel, built in 1972, spans 24,322 sq ft across 0.90 acres with C-2 zoning, featuring two buildings (45 units and 23 units, each with varied room layouts). Includes an exterior-corridor design, spacious on-site manager’s quarters (3 BR, 2.5 BA), and benefits from Flood Zone X for lower insurance costs. Ideally located off Highway 90, adjacent to Archbishop Shaw and Academy of Our Lady high schools, and less than 1 mile from LCMC West Jefferson Medical Center and Winn-Dixie. Great for owner-operators seeking value-add potential through renovations and optimized revenue strategies in the vibrant New Orleans metro area. Contact us for a comprehensive offering memorandum with financials and detailed insights.
Financial Summary (Actual - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $3,350,000 | Building Size | 24,332 SF |
| Price Per Room | $49,265 | No. Rooms | 68 |
| Sale Type | Investment | No. Stories | 2 |
| Cap Rate | 11.49% | Year Built | 1972 |
| Property Type | Hospitality | Tenancy | Single |
| Property Subtype | Hotel | Parking Ratio | 2.79/1,000 SF |
| Building Class | C | Corridor | Exterior |
| Lot Size | 0.90 AC | ||
| Zoning | C-2 | ||
| Price | $3,350,000 |
| Price Per Room | $49,265 |
| Sale Type | Investment |
| Cap Rate | 11.49% |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 0.90 AC |
| Building Size | 24,332 SF |
| No. Rooms | 68 |
| No. Stories | 2 |
| Year Built | 1972 |
| Tenancy | Single |
| Parking Ratio | 2.79/1,000 SF |
| Corridor | Exterior |
| Zoning | C-2 |
Amenities
- High Speed Internet Access
- Public Access Wifi
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Guest Room | 68 | $55.00 | - |
1 1
Property Taxes
| Parcel Number | 0420004939 | Improvements Assessment | $69,570 |
| Land Assessment | $35,590 | Total Assessment | $105,160 |
Property Taxes
Parcel Number
0420004939
Land Assessment
$35,590
Improvements Assessment
$69,570
Total Assessment
$105,160
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Siesta Motel | 990 Avenue K
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