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    51494 Ln Hwy Greensburg, LA 70706

    For Sale
    $695,000

    Prime Event Center, 5878 sq ft, 1.31 acres

    Property size:
    5,878 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    309
    This exceptional 5,878 square foot retail property located at 51494 LA HWY 16, Greensburg, LA, presents a unique investment opportunity. Currently configured as an event center or tavern, this versatile space boasts a state-of-the-art bar equipped with cutting-edge facilities. The contemporary design and high-quality infrastructure create an inviting atmosphere perfect for a wide range of events. A significant feature is a large 30 x 25 foot electric screen, ideal for showcasing sporting events or presentations. The property also includes a dedicated private entrance, bathroom, and shower facilities for performers or special guests, adding to its functionality and appeal. The 1.31-acre lot provides ample space for parking and potential expansion. The property's history demonstrates its suitability for diverse events, from weddings and corporate functions to social gatherings, showcasing its adaptability and market viability. The asking price of $695,000 includes both the land and the building, representing a compelling opportunity for a savvy investor seeking a turnkey operation or a blank canvas for a new venture. This property offers a rare combination of size, location, and existing infrastructure, making it an attractive proposition in the vibrant Greensburg market.

    Property Features for 51494 Ln Hwy

    General Information

    Property type
    Retail properties
    Square Feet
    5,878 SF
    Lot Size
    57,064 SF

    Building Details

    Year Built
    2010
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail properties

    Map

    City
    Greensburg
    County
    St Helena
    State
    Louisiana
    Longitude
    -90.89524
    Latitude
    30.6612

    Nearby Comparable

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      21 Acres Commercial Land, Watson, LA

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    FAQs

    What type of property is this?
    Retail property - Prime Event Center, 5878 sq ft, 1.31 acres
    Where is this retail property located?
    The property is located at 51494 Ln Hwy Greensburg, LA.
    What is the asking price?
    The asking price for this property is $695,000.
    Request Owner's contact information
    51494 Ln Hwy Greensburg, LA 70706
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    Greensburg, LA 70706
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    51494 Ln Hwy Greensburg, LA 70706
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