Se Connecter/S’inscrire
Votre courriel a été envoyé.
Adaptive Reuse / Value-Add Hotel 2915 Highway 14 163 Unité Immeuble d’appartements 3 908 576 $ CAD (23 979 $ CAD/Unité) New Iberia, LA 70560
Certaines informations ont été traduites automatiquement.
FAITS SAILLANTS DE L'INVESTISSEMENT
- Prime Visibility: Signalized corner location with over ±50,000 VPD. Owner financing available for a qualified Purchaser
- Underperforming Asset: offering significant room for revenue improvement for new management. The property is located right off Exit 128A Hwy 90
- Located within a 3-mile radius of Walmart Supercenter, T.J. Maxx, restaurants, and 14,000+ daytime workers
- Investor asset with flexible closing and value pricing at $17,500 per key. Strategic Access: 20 minutes from Lafayette Regional Airport (LFT)
- Submarket Growth: Southern Louisiana hospitality submarket has experienced 2.1% ADR and 2.8% RevPAR growth year-over-year
- Priced well-below replacement. New Iberia has shown interest in converting comparable properties to apartments
RÉSUMÉ DE L'ANNONCE
Bull Realty is pleased to offer the fee simple acquisition of a former 163-key Ramada Inn in New Iberia, LA. Located off LA Hwy 14, the property is surrounded by major demand generators such as the Port of Iberia (5,000+ workers), Double Eagle Marine, Halliburton, Iberia Medical Center, New Iberia Research Center, Aviation Exteriors, and McIlhenny Company (Tabasco ) on Avery Island.
Zoned C4 (heavy commercial), the site allows for a wide range of uses, including hotel, multifamily, or mixed-use redevelopment. Hotel franchise options are available, each with their own PIP requirements. A multifamily conversion is viable for senior living or workforce housing. The property is offered unencumbered by management or debt, and seller financing is available with terms dependent on Purchasers financial strength and credit history.
The site includes ample indoor public space, 240 parking spaces (including truck parking), and a ±5,300 SF former meeting space. The front building can operate as a stand-alone restaurant, and the rear parking area offers potential for a ±0.5-acre retail pad.
New Iberia’s construction labor costs are favorable—7% below the Louisiana average and 19% below the national average, per 2024 BLS data.
With flexible zoning, strong demand drivers, an improving economic outlook, Opportunity Zone designation, and available seller financing, this underperforming asset presents a compelling value-add opportunity through renovation or one of five redevelopment scenarios.
1. Renovate the asset and operate as a 160-room hotel as an economy brand or independent.
2. Dual brand the property at different price points with 80 rooms each as an economy brand or independent.
3. Reduce the available rooms to 80 and convert the remaining rooms to multifamily/long-term rentals or senior living.
4. Convert the entire building into multifamily/long-term rentals or senior living.
5. Clear the site and build a new mixed-used retail building.
Zoned C4 (heavy commercial), the site allows for a wide range of uses, including hotel, multifamily, or mixed-use redevelopment. Hotel franchise options are available, each with their own PIP requirements. A multifamily conversion is viable for senior living or workforce housing. The property is offered unencumbered by management or debt, and seller financing is available with terms dependent on Purchasers financial strength and credit history.
The site includes ample indoor public space, 240 parking spaces (including truck parking), and a ±5,300 SF former meeting space. The front building can operate as a stand-alone restaurant, and the rear parking area offers potential for a ±0.5-acre retail pad.
New Iberia’s construction labor costs are favorable—7% below the Louisiana average and 19% below the national average, per 2024 BLS data.
With flexible zoning, strong demand drivers, an improving economic outlook, Opportunity Zone designation, and available seller financing, this underperforming asset presents a compelling value-add opportunity through renovation or one of five redevelopment scenarios.
1. Renovate the asset and operate as a 160-room hotel as an economy brand or independent.
2. Dual brand the property at different price points with 80 rooms each as an economy brand or independent.
3. Reduce the available rooms to 80 and convert the remaining rooms to multifamily/long-term rentals or senior living.
4. Convert the entire building into multifamily/long-term rentals or senior living.
5. Clear the site and build a new mixed-used retail building.
FAITS SUR LA PROPRIÉTÉ
| Prix | 3 908 576 $ CAD | Style d’appartement | De faible hauteur |
| Prix par unité | 23 979 $ CAD | Classe d’immeuble | C |
| Type de vente | Investissement | Taille du lot | 6,49 AC |
| Condition de vente | Projet de redéveloppement | Taille du bâtiment | 160 000 pi² |
| Nombre d’unités | 163 | Nombre d’étages | 2 |
| Type de propriété | Immeuble residentiel | Année de construction/rénovation | 1977/2015 |
| Sous-type de propriété | Appartement | Ratio de stationnement | 1,5/1 000 pi² |
| Zonage | C-4 - Zone commerciale lourde destinée aux usages liés aux autoroutes et à d'autres entreprises à fort impact. | ||
| Prix | 3 908 576 $ CAD |
| Prix par unité | 23 979 $ CAD |
| Type de vente | Investissement |
| Condition de vente | Projet de redéveloppement |
| Nombre d’unités | 163 |
| Type de propriété | Immeuble residentiel |
| Sous-type de propriété | Appartement |
| Style d’appartement | De faible hauteur |
| Classe d’immeuble | C |
| Taille du lot | 6,49 AC |
| Taille du bâtiment | 160 000 pi² |
| Nombre d’étages | 2 |
| Année de construction/rénovation | 1977/2015 |
| Ratio de stationnement | 1,5/1 000 pi² |
| Zonage | C-4 - Zone commerciale lourde destinée aux usages liés aux autoroutes et à d'autres entreprises à fort impact. |
COMMODITÉS
COMMODITÉS DES UNITÉS
- Cuisine
- Réfrigérateur
- Four
- Fourchette
- Bain/Douche
COMMODITÉS DU SITE
- Accès 24 heures
- CVCA contrôlé par le locataire
- Sans fumée
- Sans ascenseur
- Détecteur de fumée
1 1
Impôts fonciers
| Numéro de lot | 0502750646 | Évaluation des bâtiments | 156 441 $ CAD |
| Évaluation du terrain | 137 074 $ CAD | Évaluation totale | 293 515 $ CAD |
Impôts fonciers
Numéro de lot
0502750646
Évaluation du terrain
137 074 $ CAD
Évaluation des bâtiments
156 441 $ CAD
Évaluation totale
293 515 $ CAD
1 de 22
VIDÉOS
VISITE EXTÉRIEURE 3D MATTERPORT
VISITE 3D MATTERPORT
PHOTOS
VUE DEPUIS LA RUE
RUE
CARTE
1 de 1
Présenté par
Adaptive Reuse / Value-Add Hotel | 2915 Highway 14
Vous êtes déjà membre? Connectez-vous
Hmm, il semble y avoir eu une erreur lors de l’envoi de votre message. Veuillez réessayer.
Merci! Votre message a été envoyé.