1801 W Pinhook Road

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Address: 1801 W Pinhook Rd, Lafayette, LA 70508, USA
Created date: June 26, 2024
Date last updated: July 10, 2024
  • 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

Property Description

1801

Key Property Information

Listing Status: Available
Listing Type: Call for offers
Property Types: Hospitality
Price: $7,500,000
No. of Units: 290
Year Built: 1981
Opportunity Zone: No
Price per unit: $25,862
Property Website Click Here
Address: 1801 W Pinhook Road, Lafayette, LA 70508, USA
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