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23503406
23503417

112-124-128-130/32-134/36-140/42 South Lopez St, New Orleans, LA 70119 For Sale

ND
LA 995703042
Berkshire Hathaway HomeServices Preferred, REALTORS¨ New Orleans
Listed by Berkshire Hathaway HomeServices Preferred, REALTORS¨ New Orleans
$5,000,000
417 days on market
Updated 1 day ago

India House

Details
APN 112-124-128-130-136-140-SLOPEZST
Property Type Retail, Hospitality
Sub Type Hotel, Motel (+1)
Square Footage 29,238
Keys 27
Beds 73
Cap Rate 12.24%
NOI $734,459
Price per SqFt $205
Year Built 1920
Buildings 8
Stories 2
Lot Size (SqFt) 25,269
Zoning C
Parking Spaces 3 spaces
Parking per 1,000 SqFt 0.10

Retail | 12.24% CAP | 29,238 SqFt

Marketing description

Turn-Key Licensed Hotel Great Investment Opportunity Established in 1990.

India House is a fully operated hostel with 27 keys with Hotel business license, food and beverage license, 27 private rooms with private full bath and 32 private rooms, 32 beds dormitories with share bathrooms. located half block from the streetcar line on Canal Street. This prime asset located a premier investment opportunity includes 6 front buildings and 2 back buildings, a large courtyard with above ground pool, music stage, parking, and the New Orleans artsy spirit, for travelers seeking an authentic New Orleans experience! This zoning designation supports a dynamic mix of uses, including residential and/or hotel, with retail and restaurant possibilities, making it a versatile development opportunity. This high-traffic location ensures strong exposure, his prime business opportunity at 112, 124, 126-28, 130-32,136-34,140-42 South Lopez st.

For more information and a gallery of images, visit the hotel's website. The hotel website has more info and pictures. https://the.indiahousehostel.com/

Listing Contacts

ND
LA 995703042
Berkshire Hathaway HomeServices Preferred, REALTORS¨ New Orleans
Listed by Berkshire Hathaway HomeServices Preferred, REALTORS¨ New Orleans

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$734,459.00
$61,204.92/mo

Valuation Metrics

0
DSCR
14.69%
Cap Rate
14.69%
ROI

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Additional Information

Name
Nathalie Dubois
License
995703042
Brokerage
Berkshire Hathaway HomeServices Preferred Realtors
Brokerage Phone
504.799.1702
Title
Broker of Record
Brokerage Address
4018 Magazine Street, New Orleans La 70115
Name
Nathalie Dubois
License
995703042
Brokerage
Berkshire Hathaway HomeServices,Preferred Realtors
Brokerage Phone
504-799-1722
Title
Associate Broker
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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