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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
Restaurant
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
75 ft on La-22 Hwy

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

PROPERTY TAXES

Parcel Number
299
Land Assessment
£10,067
Improvements Assessment
£31,176
Total Assessment
£41,243
  • Listing ID: 26595545

  • Date on Market: 09/09/2022

  • Last Updated:

  • Address: 302 Highway 22 W, Madisonville, LA 70447

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