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.

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

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 8,791 34,800
Median Age: 35.12 34.71
Households: 3,347 13,022

Contact

Photograph of Listing Agent

Will Raines

Lafayette, LA
LACDB Member
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