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    11314 Boardwalk Dr Baton Rouge, LA 70816

    For Sale
    $4,400,000

    109-Key Hotel, Prime Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    360
    This exceptional 109-key hotel, located at 11314 Boardwalk Dr, Baton Rouge, LA 70816, presents a compelling investment opportunity. The 47,040 square foot property sits on 1.17 acres of land and offers a modern and inviting atmosphere for guests. Originally built in 1986, the hotel underwent a significant renovation in 2012, ensuring contemporary appeal. Its strategic location within Baton Rouge provides access to a substantial demographic population exceeding 184,897 individuals within a 5-mile radius, boasting healthy median and average household incomes. The property features a convenient parking ratio of 1.03 spaces per room. Priced at $4,400,000, this translates to $40,367 per key and $93.54 per square foot, representing a strong value proposition. The property's zoning is already approved for multifamily use, presenting a potential conversion opportunity into apartments, as the Louisiana Housing Authority has expressed interest in utilizing the hotel for this purpose. The Fair Market Rent (FMR) according to the Housing Authority is $1107 per month for a studio apartment. This presents a significant upside potential for a savvy investor seeking a high-return hospitality or multifamily asset in a thriving market. Don't miss this chance to acquire a well-situated hotel with significant growth potential.

    Property Features for 11314 Boardwalk Dr

    General Information

    Property type
    Hotels
    Lot Size
    50,965 SF

    Building Details

    Year Built/Renovated
    1986/2012

    HighLights

    • 109‑key hotel in Baton Rouge, LA, offering a compelling investment opportunity.
    • 47,040 sq ft building on 1.17 acres, renovated in 2012.
    • Strong location with over 184,897 people within a 5‑mile radius and healthy household incomes.
    • $4,400,000 asking price, $40,367 per key, and $93.54 per sq ft.
    • Zoned for multifamily use, with Louisiana Housing Authority expressing interest in conversion to apartments; $1107 Fair Market Rent (FMR) per studio apartment.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Boardwalk Suites Hotel Hotel FairBridge Inn Express ... Motel

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Baton Rouge
    County
    East Baton Rouge Parish
    State
    Louisiana
    Longitude
    -91.0586239
    Latitude
    30.4309187

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    FAQs

    What type of property is this?
    Hotel - 109-Key Hotel, Prime Location
    Where is this hotel located?
    The property is located at 11314 Boardwalk Dr Baton Rouge, LA.
    What is the asking price?
    The asking price for this property is $4,400,000.
    What are key features of this property?
    This property features: 109-key hotel in Baton Rouge, LA, offering a compelling investment opportunity.; 47,040 sq ft building on 1.17 acres, renovated in 2012.; Strong location with over 184,897 people within a 5-mile radius and healthy household incomes.
    Request Owner's contact information
    11314 Boardwalk Dr Baton Rouge, LA 70816
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    Baton Rouge, LA 70816
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    11314 Boardwalk Dr Baton Rouge, LA 70816
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