Turnkey Restaurant with
For Sale
$450,000
27718 Main St, Lacombe, LA 70445
Turnkey restaurant offering 80+ tables across indoor and outdoor seating, updated and well equipped for operation.
Property Size1,556 SF
Price / SF$289.20
Days on Market135
Property Features for 27718 Main St
General Information
Standard status
Active
Size
1,556 SF
Additional Details
Business Included
Yes
Listing Agency:
Crescent Commercial Real Estate, LLC
(985) 345-6802
Listed By:
David Dominguez · License #44621
(985) 630-2950
Source:
Exprealty
Added: Jun 1
Changed: Oct 9
Last Checked: Oct 12 at 10:47PM
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 Crescent Commercial Real Estate, LLC
Investment Insights
Based on property information with market context.
This turnkey restaurant opportunity is set up for immediate use and offers 80+ tables distributed between indoor and outdoor seating. The space is described as nicely updated and very well equipped, supporting a ready-to-operate configuration for dining.
The property is located at 27718 Main St, Lacombe, LA. The layout supports flexible guest seating across interior and exterior areas, which can be useful for accommodating different service needs.
As presented, the primary value is the combination of a fully equipped, turn-key restaurant buildout and a substantial table count designed for on-site dining.
The property is located at 27718 Main St, Lacombe, LA. The layout supports flexible guest seating across interior and exterior areas, which can be useful for accommodating different service needs.
As presented, the primary value is the combination of a fully equipped, turn-key restaurant buildout and a substantial table count designed for on-site dining.
Key Highlights
- Turnkey restaurant offering with 80+ tables across indoor and outdoor seating
- Nicely updated for restaurant operation
- Well equipped restaurant ready to operate
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,818
Cap Rate
6.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$556,360
$556.4K
Cap Rate 7%
$397,400
$397.4K
Cap Rate 9%
$309,089
$309.1K
Market Conditions
NOI Build-Up for 1,556 SF
Gross rent
$38.8K $24.96/SF
− Vacancy
−$1.7K −$1.12/SF
EGI
$37.1K $23.84/SF
− OpEx
−$9.3K −$5.96/SF
NOI
$27.8K $17.88/SF
Area
St. Tammany County, LA
Vacancy
4.50%
Lease Rate
$24.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$556,360
Cap Rate 7%
$397,400
Cap Rate 9%
$309,089
Alternative Uses
Best Use
Specialty Retail
$397.4K
$347.7K – $463.6K
NOI $27,818 @ 7.0% cap · market cap 6.18%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$16.77M
$14.68M – $19.57M
NOI $1,174,170 @ 7.0% cap · market cap 260.93%
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
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
140
Businesses Nearby
7k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Texaco
Shops & Services
3,693 visits/mo
0.1 miles
Chevron
Shops & Services
3,113 visits/mo
0.4 miles
Demographics for 70445, LA
10,866
Population
4,323
Households
2.5
Avg Household Size
46
Median Age
28%
College-Educated
93%
High-School Grad
108.3 sq mi
ZIP Area
100
Density / Sq Mi
$75,233
Median Household Income
$42,178
Median Earnings
$1,089
Median Rent
$220,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Turnkey restaurant offering 80+ tables across indoor and outdoor seating, updated and well equipped for operation.
Where is this conventional restaurant located?
The property is located at 27718 Main St Lacombe, LA.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Turnkey restaurant offering with 80+ tables across indoor and outdoor seating; Nicely updated for restaurant operation; Well equipped restaurant ready to operate
