5948 Highway 1 Bypass

Retail-Commercial for Sale
Catylist Listing ID: 30410218
Property Subtypes: Restaurant
Building Size (RSF): 13,407 SF
Gross Building Area: See Agent
Sale Price: $1,425,000
Unit Price: $106.29 PSF
Property Use Type: Business
Sale Terms: Undisclosed
Cap Rate: Undisclosed
Last Updated: 6/18/2019

Overview / Comments

This restaurant has been operating under the same ownership since 1983. It is a well-known, family owned and operated, iconic restaurant with wonderful lake views. This business has become the restaurant of choice for those of discriminating tastes, wishing to experience the culinary fame of Louisiana. Nowhere west of New Orleans, can you find a better example of Louisiana’s culinary tradition and reputation than at this restaurant. This is a great investment opportunity. An investor could acquire the real estate and lease back to an experienced operator or operating group.

Additional Details

Nearest MSA: Natchitoches
County: Natchitoches
Tax ID/APN: 0011266300

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,551 17,927 23,063
Median Age: 26.33 32.36 31.96
Households: 1,983 6,945 8,926

Contact

Photograph of Listing Agent

Paula Beasley

Coldwell Banker Group One Real West Monroe, LA 71291
LACDB Member
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