221 Preston StMarksville, LA 71351

Property Details for 221 Preston St

Lot size

1.16 AC

Property type

Commercial real estate

APN

171244310

APU

171244310

Description

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.

• Alternative Use

  Use

  Valuation

  Residential

  $7,909,660

  Hospitality

  $7,245,206

  Educational

  $6,027,926

  Medical

  $6,235,236

  Retail

  $9,376,774

Location Insight

City

Marksville

County

Avoyelles

State

Louisiana

Latitude

31.1218

Longitude

-92.0628

Property Tax & Assessments

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