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Listed by Jennifer Causey • John Rea Realty
$ 1,350,000
Est. payment | /mo
17 Baths
2.06 Acres Lot
$ 1,350,000
Est. payment | /mo
17 Baths
2.06 Acres Lot
Key Details
Property Type Commercial
Sub Type Hotel/Motel
Listing Status Active
Purchase Type For Sale
MLS Listing ID 218703
Year Built 2024
Lot Size 2.060 Acres
Acres 2.06
Property Sub-Type Hotel/Motel
Property Description
NEW PRICE! | 8.93% CAP RATE | FULLY REBUILT IN 2024 Rare opportunity to acquire a fully renovated, income-producing 16-room motel on approximately 2.06 acres along US-165 in Columbia, Louisiana. Family Built Motel was effectively rebuilt in 2024 with extensive capital improvements including all new electrical, complete under-slab and interior plumbing replacement, new HVAC systems, tankless water heaters with circulation system, insulation, furnishings, fixtures, and equipment. Property features a diverse room mix including kitchenette suites, family accommodations, ADA-accessible lodging, and standard king, queen, and double-bed guest rooms supporting nightly, weekly, and extended-stay demand. Self check-in operations with digital access provide efficient day-to-day management. Sale includes real estate, furnishings, fixtures, equipment, and operating business (excluding business name). Limited local competition, established income stream, and immediate operational capability make this an attractive investment, 1031 exchange, or owner-operator opportunity.
Location
State LA
County Caldwell
Zoning Parish
Direction Hwy 165 S from Monroe. 29 miles/30 minutes. Motel on Left.
Interior
Interior Features Storage, Private Bathrooms, See Remarks
Heating Electric, Wall Furnace
Cooling Wall/Window Unit(s), Electric
Flooring Concrete, Tile
Exterior
Exterior Feature Rain Gutters
Utilities Available Cable Connected, Electricity Connected, Natural Gas Connected, Internet Connection
Roof Type Metal,Minimum Pitched
Building
Sewer Septic Tank
Water Public