Listing Agency: Tri State Properties LLC

Listed By: Bill Roark · License #LA 0099563782

Source: Crexi

Added: Apr 11 Changed: Aug 22 Last Checked: Aug 29 at 7:50AM

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Investment Insights

Based on property information with market context.

The property includes a closed 72-room motel split between two motel buildings, one with 40 rooms and the other with 32 rooms. There is also a separate building that was formerly used as a bingo hall. The motel could be re-modeled and re-opened, with all measurements approximate.

The site is located on RWE Jones Drive at the Interstate 20 exit for Grambling, with visibility from I-20. The listing information also notes an average daily traffic count of approximately 52,000 vehicles.

Additional uses mentioned in the remarks include a convenience store, apartments, or an education facility, subject to applicable requirements. The owner indicates the property is being offered with strong motivation to sell.

Key Highlights

• Closed 72‑room motel on RWE Jones Drive at the I‑20 Grambling Exit, with two motel buildings (40 rooms and 32 rooms).
• Separate building formerly used as a Bingo Hall on the same property.
• Average daily traffic count of approximately 52,000 vehicles on I‑20 near the site.

Property Analytics

Current Use

Motels

Suggested Use

Top Pick Building Supply HVAC Service Big Box & Wholesale Store Auto Repair Shop Pharmacy Hair Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

52,000 VPD

Traffic count

Yes

Highway access

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

30

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 71245, LA

4,849

Population

1,690

Households

2.9

Avg Household Size

25

Median Age

35%

College-Educated

92%

High-School Grad

5.4 sq mi

ZIP Area

898

Density / Sq Mi

$22,500

Median Household Income

$9,205

Median Earnings

$540

Median Rent

$145,800

Median Home Value

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Frequently Asked Questions

What type of property is this?

Motel - Closed 72-room motel with two buildings plus a separate former bingo hall building, visible from I-20 at the Grambling exit.

Where is this motel located?

The property is located at 1130 - 1132 Rwe Jones Drive Grambling, LA.

What are key features of this property?

This property features: Closed 72‑room motel on RWE Jones Drive at the I‑20 Grambling Exit, with two motel buildings (40 rooms and 32 rooms).; Separate building formerly used as a Bingo Hall on the same property.; Average daily traffic count of approximately 52,000 vehicles on I‑20 near the site.