Historic Restaurant with Unfinished Second
For Sale
$550,000
104 N Main Street, Washington, LA 70589
Commercial Sale, Washington, LA
Property Size3,882 SF
Lot Size0.28 Acres
Price / SF$141.68
Days on Market189
Property Features for 104 N Main Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
commercial
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bathroom 2
Parking features
On Street
Security features
Security System
Lot features
Corner Lot, Level
Directions
I-49 to Exit 25, LA 103, toward Washington; take left at stop sign on St. Landry Veterans Memorial Hwy; take left on Main St.; property on right at corner of Main St. and Moundville.
Subdivision
L2
Standard status
Active
APN
0500214500
Size
3,882 SF
Lot size
0.28 Acres
Additional Details
Currently Operating
Yes
Taxes and HOA fees
Tax Description
1 LOT N MOUNDVILLE S & W QUIRK E MAIN ST 11060207
Tax Annual Amount
516
Legal Description
1 LOT N MOUNDVILLE S & W QUIRK E MAIN ST 11060207
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Central
Cooling system
Ceiling Fan(s), Central Air
Water source
Public
Building Details
Floors in Building
2
Flooring type
Wood
Building materials
Frame
Roof type
Metal
Listing Agency:
RE/MAX Acadiana · RE/MAX International
(337) 984-8470
Listed By:
Merrie Chris Leger · License #27767
(337) 962-7653
Added: Apr 20
Changed: Oct 23
Last Checked: Oct 25 at 2:06AM
MLS# 2600003390
Copyright © 2026 ROAM MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 3,882-square-foot restaurant property occupies a 0.28-acre parcel at 104 N Main Street in Washington. The frame building dates to the early 1800s and is listed on the National Register of Historic Places. A 2017 renovation updated the property, which has wood flooring, a metal roof, central heating and cooling, and ceiling fans. The second floor remains unfinished. Public water and sewer serve the site, and parking is on the street.
The property is currently used as The Old Courtableau Cafe. Furniture, fixtures, and equipment are excluded from the sale but may be negotiated with an acceptable offer.
The property is currently used as The Old Courtableau Cafe. Furniture, fixtures, and equipment are excluded from the sale but may be negotiated with an acceptable offer.
Key Highlights
- 3,882‑square‑foot restaurant on a 0.28‑acre parcel
- Listed on the National Register of Historic Places
- Renovated in 2017
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,688
Cap Rate
6.85%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$753,760
$753.8K
Cap Rate 7%
$538,400
$538.4K
Cap Rate 9%
$418,756
$418.8K
Market Conditions
NOI Build-Up for 3,882 SF
Gross rent
$53.6K $13.80/SF
− Vacancy
−$3.3K −$0.86/SF
EGI
$50.3K $12.94/SF
− OpEx
−$12.6K −$3.24/SF
NOI
$37.7K $9.71/SF
Area
St. Landry County, LA
Vacancy
6.20%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$753,760
Cap Rate 7%
$538,400
Cap Rate 9%
$418,756
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.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
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
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - The building includes an unfinished upper level, offering space beyond its current restaurant layout.
Where is this conventional restaurant located?
The property is located at 104 N Main Street 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‑square‑foot restaurant on a 0.28‑acre parcel; Listed on the National Register of Historic Places; Renovated in 2017
