11314 Boardwalk Dr Baton Rouge, LA 70816
- Commercial land
- 32,978 SF
- 1.17 lot acres
Current Use by Public Records
- Boardwalk Suites Hotel / Hotel / Extended Stay Hotel
- FairBridge Inn Express Baton Rouge / Motel
Property Details for 11314 Boardwalk Dr
- Year built
- 1986
- Lot size
- 1.17 lot acres
- Property size
- 32,978 SF
- Property type
- Commercial land
- APN
- 3271188
- APU
- 3271188
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Baton Rouge
- County
- East Baton Rouge
- State
- Louisiana
- Longitude
- -91.0584
- Latitude
- 30.4311
- CBSA code
- 12940
- CBSA name
- BATON ROUGE, LA METROPOLITAN STATISTICAL AREA
