$12,900,000

Estimated payment $85,314/month

Total Views 29
-- Bed
-- Bath
96,000 Sq Ft
$134 Price per Sq Ft

About This Home

Seize the opportunity to acquire a 193-room hotel strategically located in the heart of Metairie, just minutes from the New Orleans Airport, French Quarter, and major demand drivers. This prime property offers significant upside through renovation and rebranding potential, with strong in-place cash flow supported by a long-term IHOP lease. Structure could also be used for medical, assisted living, or storage facility. Numerous possibilities in a high visibility and accessible location. Call today for more information.

Listing Agent

Katheryn Best

TAG Realty LLC License #995710089 Listed on: 05/01/2025

Co-Listing Agent

Chip LaBruzzo

TAG Realty LLC License #995715018

Property Details

Property Type

  • Other

Year Built

  • Built in 1959

Lot Details

  • Oversized Lot
  • Zoning described as BC2

Parking

  • Off-Street Parking

Home Design

  • Brick Exterior Construction
  • Metal Siding

Interior Spaces

  • 96,000 Sq Ft Home
  • 4-Story Property
  • Fire Sprinkler System

Location

  • City Lot

Community Details

  • Common Area

Listing and Financial Details

  • Assessor Parcel Number 0820017883A

Property Details

Property Type

Other

Year Built

Built in 1959

Lot Details

0

Listing Details

  • Prop. Type: Commercial Sale
  • Business Type: Restaurant
  • Lot Size: 123148
  • Co List Office Mls Id: TAGR01
  • Co List Office Phone: (504) 875-2100
  • Building Stories: 4
  • Structure Type: Hotel/Motel
  • Year Built: 1959
  • Special Features: None
  • Property Sub Type: Other
  • Stories: 4

Interior Features

  • Possible Use: Medical/Dental
  • Owner Pays: All Utilities, Insurance, Janitorial Service, Taxes
  • Living Area: 96000.0

Exterior Features

  • Lot Features: 1 to 5 Acres, City Lot, Oversized Lot
  • Construction Type: Brick, Block, Metal Siding, Concrete

Garage/Parking

  • Parking Features: Off Street

Utilities

  • Security: Fire Sprinkler System
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Common Grounds/Area

Lot Info

  • Parcel #: 0820017883A
  • Zoning Description: BC2
  • Zoning: BC2

Map

Range of Values:

Collateral Analytics

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ICE

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First American

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Quantarium

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/01/2025 05/01/25 For Sale $12,900,000 -- $134 / Sq Ft
Source: ROAM MLS

Source: ROAM MLS

MLS Number: 2505429