221 Preston StMarksville, LA 71351

This 28-key motel, the Deluxe Inn Marksville, presents a compelling investment opportunity in Avoyelles Parish, Louisiana. Located at 221 S Preston St, Marksville, LA 71351, this property boasts a substantial 2,763 square feet across two single-story buildings on a 1.16-acre lot. Built in 1983, the motel offers a mix of rooms with two double beds and king-size beds, many featuring amenities such as refrigerators, microwaves, and work areas. All rooms include free high-speed Wi-Fi, expanded cable TV, hairdryers, and alarm clocks. Ample parking is available, accommodating even large trucks and RVs. The property enjoys a strong financial performance, with a Net Operating Income (NOI) of $55,336 and a 9.24% cap rate. The asking price is $599,000, translating to approximately $21,392.86 per key. Its convenient location near Paragon Casino Resort and several historical sites, coupled with its proximity to local festivals and outdoor recreational opportunities, ensures consistent occupancy. The property is zoned commercial and is offered for sale with 100% ownership, free of any ground lease. This is a turnkey operation ideal for owner-users seeking a profitable venture in a vibrant Louisiana market. The property's APN is 0171244310. Each unit offers 1.5 parking spaces.