Historic Restaurant
For Sale
$550,000
104 N Main St, Washington, LA 70589
Renovated restaurant property with an unfinished upper level and preserved architectural details in Washington.
Property Size3,882 SF
Price / SF$141.68
Days on Market107
Property Features for 104 N Main St
General Information
Standard status
Active
Size
3,882 SF
Additional Details
Furnished
No
Road Access
Yes
Equipment Included
No
Building Details
Year Renovated
2017
Buildings
1
Stories
2
Construction
pier and beam
Abandoned
No
Listing Agency:
RE/MAX Acadiana
(337) 962-7653
Listed By:
Merrie Chris Leger · License #27767
(337) 962-7653
Source:
Exprealty
Added: Apr 20
Changed: Aug 2
Last Checked: Aug 2 at 7:43AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX Acadiana
Investment Insights
Based on property information with market context.
This restaurant property at 104 N Main St in Washington combines an early-1800s pier-and-beam structure with updates completed in 2017. The building is listed on the National Register of Historic Places and retains antique wavy-glass windows that frame views of Main Street. An unfinished second floor provides additional interior area for future expansion. The property is currently operating as The Old Courtableau Cafe, with a restaurant setting that includes live music and a Cajun fais do-do atmosphere. It occupies the intersection of Main Street and West Moundville. Furniture, fixtures, and equipment are excluded from the offering but may be negotiated with an acceptable offer.
Key Highlights
- 3,882 SF restaurant property at 104 N Main St, Washington, LA 70589
- Recognized on the National Register of Historic Places
- Original antique pier‑and‑beam construction dating to the early 1800s
Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $53.6k | $13.80 |
| − Vacancy | −$3.3k | −$0.86 |
| EGI | $50.3k | $12.94 |
| − OpEx | −$12.6k | −$3.24 |
| NOI | $37.7k | $9.71 |
3,882 SF · lease $13.80/SF/yr · vacancy 6.20% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$538.4K
$471.1K – $628.1K
NOI $37,688 @ 7.0% cap · market cap 6.85%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$585.6K
$512.4K – $683.2K
NOI $40,994 @ 7.0% cap · market cap 7.45%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
79
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 70589, LA
3,464
Population
1,522
Households
2.3
Avg Household Size
45
Median Age
13%
College-Educated
86%
High-School Grad
118.2 sq mi
ZIP Area
29
Density / Sq Mi
$44,063
Median Household Income
$31,838
Median Earnings
$653
Median Rent
$105,600
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Renovated restaurant property with an unfinished upper level and preserved architectural details in Washington.
Where is this conventional restaurant located?
The property is located at 104 N Main St Washington, LA.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: 3,882 SF restaurant property at 104 N Main St, Washington, LA 70589; Recognized on the National Register of Historic Places; Original antique pier‑and‑beam construction dating to the early 1800s
