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Listed byNOLA Living Realty • Tony Bertucci • 504-301-9757
$ 1,240,000
Est. payment /mo
Active
58506 YAUPON DR Slidell, LA 70461
UPDATED:
Key Details
Property Type Other Types
Sub Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 2560807
HOA Y/N No
Year Built 1964
Lot Dimensions 150 x 291
Property Sub-Type Commercial
Source ROAM MLS
Property Description
Exceptional hospitality investment opportunity at the Olivia Inn. This stabilized, income-producing 63-unit motel offers immediate cash flow with a projected 10.2% cap rate at the current asking price. The property features two separate two-story lodging buildings with 32 king rooms and 31 queen rooms, a dedicated main office, spacious on-site manager's quarters, and 57 parking spaces. Currently, 48 units are in rentable condition and generating income, while 15 additional units require renovation before being returned to service. These 15 units represent a significant value-add opportunity, offering investors the ability to increase occupancy, expand revenue, and further enhance overall property performance upon completion of renovations. Ideally located just off I-10 and Gause Blvd, the property provides convenient access to dining, shopping, hospitals, and the Greater New Orleans metro area. Zoned NC-2 Neighborhood Commercial and situated in an X Flood Zone. Strong in-place income and proven operating history make this an excellent opportunity for investors or owner-operators seeking a hospitality asset with immediate cash flow and substantial upside potential through strategic renovations and operational improvements. Contact listing agent for additional investment details and financials.
Location
State LA
County St. Tammany
Zoning NC-2
Interior
Fireplace No
Exterior
Parking Features Parking Lot
Utilities Available Natural Gas Available
Garage No
Building
Water Well
New Construction No
Others
Tax ID 37159
Virtual Tour https://www.propertypanorama.com/instaview/roam/2560807
