Best Budget Inn

206 S Franklin Street, Bastrop, LA 71220

  • For Sale $1,200,000
  • Property Type Other
  • Property Size 11,760 SF
  • Units 32
  • Lot Size 0.87 Acre
  • Parking Spaces Avail. 28
  • Year Built 1960
  • Year Renovated 2021
  • Date Updated Apr 11, 2024
Located in northern Louisiana, at the intersection of Highway 165 and Highway 425 is the Budget Inn in Bastrop.This 32-unit Budget Inn is located at the intersection of Highway 165 and Highway 425 in Bastrop, Louisiana. Bastrop, Louisiana has a historic downtown encompassed by farmland, recreational activities, and manufacturing and distributing. The property did $367,629 in 2022 Room Revenue. With the 3 bedroom, onsite manager's apartment, this property is an ideal fit for an owner operator. The hotel is located in an opportunity zone. BROKER OF RECORD: Charles Loescher CML Commercial Real Estate Services, LLC | 504.908.1722 | LA#995681920

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Attachments

Highlights

  • 32 Guestrooms
  • 2022 Room Revenue: $367,629
  • 2023 Room Revenue: $351,038
  • 3 Bedroom Manager’s Apartment
  • Ideal for an Owner Operator

Contacts

broker

Brendan "Mac" Bleier

NewGen Advisory

(805) 557-8867

Location

Getting Around

  • Walk Score ®

    58/100 Somewhat Walkable

  • Bike Score ®

    44/100 Somewhat Bikeable
Powered by Walk Score ®
  • City Bastrop, LA
  • Neighborhood Bastrop
  • Zip Code 71220

Points of Interest

  • Sonic

    1.15 miles

  • Taco Bell

    1.26 miles

  • McDonald's

    1.41 miles

  • Wendy's

    1.51 miles

  • Pizza Hut

    1.60 miles

  • South Side Elementary School

    0.27 miles

  • Bastrop Freshman High School

    0.33 miles

  • Morehouse Junior High School

    0.62 miles

  • Morehouse Alternative School

    0.62 miles

  • East Side Elementary School

    0.68 miles

  • Morehouse Magnet School

    0.79 miles

  • Bastrop High School

    0.94 miles

  • Our Lady Help of Christians School

    0.94 miles

  • Carver Elementary School

    1.11 miles

  • Oak Hill Elementary School

    1.25 miles

Frequently Asked Questions

What is the lease rate for Best Budget Inn?

Rental asking rate at Best Budget Inn is $600,000.00/YR.

What is the total square footage of Best Budget Inn?

Best Budget Inn totals 11,760 square feet.

When was this property built?

Best Budget Inn was built in 1960.

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Contact Listing Broker

broker

Brendan "Mac" Bleier

NewGen Advisory

(805) 557-8867