- For Sale $7,500,000
- Property Type Other
- Property Size 13,000 SF
- Units 290
- Additional Rent Contact for pricing
- Year Built 1981
- Year Renovated 2015
- Date Updated Jan 3, 2025
Reach out to the broker for more info on lease terms and amenities
Highlights
- 290-key six-story concrete and steel frame building, in a U-shaped courtyard
- Guestrooms and suites are oversized at an average of ±356 SF
- Over 13,000 SF of meeting space and two retail food and/or beverage outlets to be leased out or operated inhouse, located in a single-story commercial building
- Currently gutted with systems in place
- CM (Commercial Heavy) is a comprehensive and broad zoning and favorable to multifamily conversions
- Strong labor market
- Architectural plans for a multifamily conversion may be available upon request
- Potential seller financing available for qualified purchaser for purchase and renovation
- Branding flexibility presenting a potential redevelopment opportunity
- Priced well below replacement
- Lafayette has shown interest in converting similar properties to apartments
- Extra parking that can be converted into a standalone retail pad
- Some FFE and drywall retained from interior demo that can potentially be used in a multifamily conversion or sold in a hotel conversion
- Bull Realty LA License #0995682852
False
Contacts
Location
Getting Around
-
Walk Score ®
43/100
Car-Dependent
-
Bike Score ®
40/100
Somewhat Bikeable
- City Lafayette, LA
- Zip Code 70508
- Market Lafayette Lake Charles
Points of Interest
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Acadiana Courier Tux & Limo
0.44 miles
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Lafayette
2.33 miles
-
Chevron
1.27 miles
-
Exxon
1.30 miles
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Tobacco Plus
1.82 miles
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ChargePoint
2.31 miles
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Citgo
2.46 miles
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Shell
2.50 miles
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Circle K
2.66 miles
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Costco Gasoline
3.24 miles
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Tesla Supercharger
5.24 miles
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Lafayette Regional Airport Parking Lot
1.75 miles
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Parking Garage
2.20 miles
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The Bayou Church Parking
2.63 miles
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Nature Station Visitor Parking
4.60 miles
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Temporary Nature Station Preserve and Trails Parking
4.80 miles
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Copperfield Estates/South & the Village pool
5.82 miles
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Lake Martin North Car Park
6.50 miles
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Lake Martin Visitor Center Parking
6.85 miles
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Wyndham Garden Lafayette
0.02 miles
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Staybridge Suites Lafayette-Airport
0.06 miles
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Best Western Plus Vermilion River Suites Hotel
0.15 miles
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Comfort Suites Oil Center
0.18 miles
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Fairfield Inn & Suites Lafayette South
0.21 miles
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DoubleTree by Hilton Hotel Lafayette
0.22 miles
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Courtyard Lafayette Airport
0.26 miles
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Discovery Inn & Suites
0.27 miles
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Hampton Inn & Suites Lafayette
0.32 miles
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Residence Inn Lafayette Airport
0.36 miles
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Pizza Hut
0.17 miles
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Subway
0.18 miles
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Outback Steakhouse
0.19 miles
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The Crawfish Spot
0.22 miles
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Whataburger
0.23 miles
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Taco Bell
0.26 miles
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Cane's
0.31 miles
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T-Coon's
0.35 miles
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Possidon's
0.38 miles
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Chris' Po Boys
0.43 miles
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Saint Pius Elementary School
0.72 miles
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Ashton Grace Montessori School
0.91 miles
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Legacy Park
1.12 miles
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Islamic Center of Lafayette School
1.31 miles
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Our Lady of Fatima School
1.44 miles
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University of Louisiana at Lafayette
1.49 miles
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L J Alleman Middle School
1.67 miles
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Lafayette Charter High School
1.70 miles
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Lafayette Alternative Program School for Students
1.71 miles
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Lafayette Continuing Academic Program School for Students
1.71 miles
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Jumpstart Academy
5.85 miles
Frequently Asked Questions
The space currently listed for sale at Bank Owned Hotel Redevelopment or Multifamily Conversion Opportunity asks for $7,500,000.
Bank Owned Hotel Redevelopment or Multifamily Conversion Opportunity totals 13,000 square feet.
Bank Owned Hotel Redevelopment or Multifamily Conversion Opportunity was built in 1981.
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Bull Realty
