1115 Terrace Hwy
Hospitality
for Sale
| Catylist Listing ID: |
30802139 |
| Number of Units: |
1 Units |
| Building Size (RSF): |
4,000 SF |
| Gross Building Area: |
See Agent |
| Sale Price: |
$2,500,000 |
| Unit Price: |
$2,500,000 Per Unit |
| Property Use Type: |
Business |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Last Updated: |
5/11/2022 |
Overview / Comments
|
Huge development opportunity just minutes from the St. Julien Sports Complex, Walmart & Home Depot shopping complex, restaurants, and more. This commercial opportunity offers a fully operational sports bar/restaurant on 11 beautiful rolling hill acres. A rare valuable edge over nearby competing retail businesses is that this place has a license for 9 slot machines. A casino campground could be developed as well to compete with a nearby RV campground. The views of the rolling hills and surrounding properties will keep your clientele coming back. 60KW backup generator is installed as well to keep your business operational at all times. This property is located inside the edge of St. Martin Parish so development may be more cost feasible and timely.
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Additional Details
| Nearest MSA: |
Lafayette |
| County: |
Lafayette |
| Tax ID/APN: |
1560001812 |
| Retail Clientele: |
Business, Casino |
| Total Number of Buildings: |
2 |
| Parking Type: |
Surface |
| Zoning Description: |
commercial |
| Water Service: |
Municipal |
| Sewer Type: |
Other |
| Legal Description: |
6.291AC:SEC 36,T10S, R5E TROXCLAIR,DUTILE,HWY 96, CORMIER(BEING TRACT B PLAT#246527)COB:1077-013-247169 1368-705-340840 |
Demographic Statistics
| Proximity: |
3 miles |
5 miles |
| Total Population: |
8,791 |
34,800 |
| Median Age: |
35.12 |
34.71 |
| Households: |
3,347 |
13,022 |
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