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    507 Hwy 20 Hwy Thibodaux, LA 70301

    For Sale
    $449,000

    Restaurant & Home - High Traffic Area

    Property size:
    3,760 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    314
    This exceptional commercial property, located at 507 Highway 20 in Thibodaux, Louisiana, presents a unique investment opportunity. The property encompasses a combined restaurant and residential space, situated on a one-acre lot with a total building area of 3,760 square feet. The restaurant portion boasts a versatile layout, including a bar, a spacious dining area, a dedicated gaming area, a private party room, and a separate office with its own exterior entrance. This setup offers significant potential for leasing opportunities, allowing for diversified income streams. The residential component provides comfortable living quarters, featuring three bedrooms and two bathrooms. The property benefits from a high-traffic location, with a Dollar General store immediately adjacent and a Go Bears Chevron station directly across the street, ensuring excellent visibility and accessibility. This prime location is also conveniently situated a short drive from the heart of Thibodaux. The property is offered at $449,000. Detailed photographs are available upon request. This is a rare chance to acquire a profitable business and comfortable home in a thriving commercial area. The combination of established restaurant operations and residential living makes this a truly unique and attractive investment. Don't miss this opportunity to own a versatile and income-generating property in a desirable location.

    Property Features for 507 Hwy 20 Hwy

    General Information

    Property type
    Other commercial real estate
    Square Feet
    3,760 SF
    Lot Size
    43,560 SF

    Building Details

    Year Built
    1953
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Thibodaux
    County
    Lafourche
    State
    Louisiana
    Longitude
    -90.8054
    Latitude
    29.87618

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    FAQs

    What type of property is this?
    Commercial real estate - Restaurant & Home - High Traffic Area
    Where is this commercial real estate located?
    The property is located at 507 Hwy 20 Hwy Thibodaux, LA.
    What is the asking price?
    The asking price for this property is $449,000.
    (985) 764-8744
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    Thibodaux, LA 70301
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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

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    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
    507 Hwy 20 Hwy Thibodaux, LA 70301
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