All 3 Business's in Madisonville | 302 Highway 22 W
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All 3 Business's in Madisonville 302 Highway 22 W
5,700 SF Retail Building Madisonville, LA 70447 £665,083 (£117/SF)
Investment Highlights
- Exceptional location! 3 Income producing opportunities! 3 Rental buildings! C2 Zoning!
Executive Summary
Owner Financing! 6% interest! This is a "Once in a lifetime, investment opportunity"! We are offering 3 restaurants on the “main strip” in Downtown Madisonville! Income producing property! Turn-key restaurant & sports bar! (the other 2 are leased out). Totaling 5717 sf, seafood boiling station, tractor trailer size walk in cooler, setting on a corner lot stretching 240ft highway frontage x 66 city water & sewer! Private Office w/full bath! Kitchen equipment included! PLEASE DO NOT DISTURB TENANTS OR EMPLOYEES APPT ONLY 2 spaces currently being leased out at $1800 per month and $1500 per month. Exquisite Location in the Beautiful Town of Madisonville. Great Investment Opportunity, Income producing Commercial Real Estate we are offering 3 rental buildings currently occupied in the heart of Downtown Madisonville. Turn-key restaurant & sports bar! The 2 rental buildings are occupied by our great tenants! Here is the break-down of the 3 buildings: 1-Orlando's Seafood Restaurant & Bar, 2-Seafood Market Fresh & Boiled, 3-Thai Restaurant. All totaling 5717 sf, kitchen equipment, boiling station, tractor trailer size walk in cooler, are included if buyers would like them. We are setting on a corner lot, 240ft x 66, city water & sewer! Office w/private bath! Or we can sub-divide/2 buildings for $600k. Owner financing available 6.0%, no flood insurance requirement by seller!
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
5,700 SF
Building Class
C
Year Built
1990
Price
£665,083
Price Per SF
£117
Tenancy
Single
Number of Floors
1
Building FAR
0.38
Land Acres
0.35 AC
Zoning
C2 - HC Highway commercial
Parking
4 Spaces (0.7 Spaces per 1,000 SF Leased)
Frontage
MAJOR TENANTS
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease Type
- Lease End
- Pad Thai
- Retailer
- -
- -
- Net
- -
Tenant | Industry | SF OCCUPIED | RENT/SF | Lease Type | Lease End | |
Pad Thai | Retailer | - | - | Net | - |
PROPERTY TAXES
Parcel Number | 299 | Improvements Assessment | £31,176 |
Land Assessment | £10,067 | Total Assessment | £41,243 |
PROPERTY TAXES
Parcel Number
299
Land Assessment
£10,067
Improvements Assessment
£31,176
Total Assessment
£41,243
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All 3 Business's in Madisonville | 302 Highway 22 W
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