Bank Owned Hotel Redevelopment or Multifamily Conversion Opportunity

For Sale

1801 W Pinhook Road, Lafayette, LA 70508

This Lafayette property for sale is located at 1801 W Pinhook Road. The current listed sale price for Bank Owned Hotel Redevelopment or Multifamily Conversion Opportunity is $7,500,000.

Contacts

broker

Jonathan Hayne

Bull Realty

Property Details

  • Property Type Other
  • Property Size 13,000 SF
  • Units 290
  • Additional Rent Contact for pricing
  • Year Built 1981
  • Year Renovated 2015
  • Date Updated Sep 24, 2024
Lafayette, LA1801

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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

Attachments

Getting around

  • 43/100

    Walk Score ®

  • 40/100

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Location

  • City Lafayette, LA
  • Neighborhood Lafayette
  • Zip Code 70508
  • Market Lafayette Lake Charles

Points of Interest

  • Chevron

    1.27 miles

  • Chevron

    1.29 miles

  • Exxon

    1.30 miles

  • Tobacco Plus

    1.82 miles

  • Exxon

    1.83 miles

  • ChargePoint

    2.31 miles

  • Citgo

    2.46 miles

  • Shell

    2.50 miles

  • Circle K

    2.66 miles

  • Sunoco

    3.75 miles

  • Lafayette Regional Airport Parking Lot

    1.72 miles

  • Parking Garage

    2.20 miles

  • The Bayou Church Parking

    2.63 miles

  • Nature Station Visitor Parking

    4.60 miles

  • Temporary Nature Station Preserve and Trails Parking

    4.80 miles

  • Lake Martin North Car Park

    6.50 miles

  • Lake Martin Visitor Center Parking

    6.85 miles

  • Wyndham Garden Lafayette

    0.02 miles

  • Staybridge Suites Lafayette-Airport

    0.06 miles

  • Best Western Plus Vermilion River Suites Hotel

    0.15 miles

  • Comfort Suites Oil Center

    0.18 miles

  • Fairfield Inn & Suites by Marriott Lafayette South

    0.21 miles

  • DoubleTree by Hilton Hotel Lafayette

    0.22 miles

  • Courtyard by Marriott Lafayette Airport

    0.26 miles

  • Discovery Inn & Suites

    0.27 miles

  • Hampton Inn & Suites Lafayette

    0.32 miles

  • Residence Inn by Marriott Lafayette Airport

    0.36 miles

  • Walmart Supercenter

    1.16 miles

  • Rouse's

    2.45 miles

  • Bismillah Groceries and Kitchen

    2.52 miles

  • Shoppers Value Foods

    2.90 miles

  • Target

    3.05 miles

  • Whole Foods Market

    3.14 miles

  • Albertsons

    3.36 miles

  • Super 1 Foods

    3.37 miles

  • Super 1 Foods

    3.52 miles

  • Albertsons

    3.61 miles

In-Depth Research Available for this Property

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Contact Listing Broker

broker

Jonathan Hayne

Bull Realty