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Lakefront Restaurant with Private Island
For Sale
$2,499,999

5948 HWY 1 BYP, Natchitoches, LA 71457

Turn-key waterfront restaurant with indoor and dockside seating, plus a leased private island dining experience.

Property Size13,344 SF
Days on Market288

Property Features for 5948 HWY 1 BYP

General Information

Standard status Active
Size 13,344 SF

Additional Details

Business Included Yes

Building Details

Building Size 13,344 SF
Year Built 1982
Listing Agency: REVE, REALTORS
Listed By: Jena Regan · License #S57018
Source: Talbot-realty
Added: Oct 28, 2025 Changed: Aug 8 Last Checked: Aug 11 at 4:42AM

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 REVE, REALTORS

Investment Insights

Based on property information with market context.

Mariner’s is a lakefront restaurant property in historic Natchitoches, built around three distinct dining experiences with a combined seating capacity of 348. Outdoor dining on The Docks features open-air, casual seating with lake views. Inside, The Cove presents an upscale sports bar atmosphere, including a 12-seat modern bar, and the Main Dining Room provides white tablecloth dining with indoor views of Sibley Lake. The offering includes a leased private island for a Chef’s table private island dining experience, as well as approximately 1,500 feet of water frontage on Sibley Lake described as ready for development. The property is being sold turn-key, including all furniture, fixtures, and consumable inventory.

The restaurant’s private parking lot is designed for convenient access, including tour bus accessibility, and the property is positioned for direct lakefront dining. Public remarks also note long-standing local and tourist visitation over more than forty years, with frequent hosting for weddings, private parties, class reunions, and corporate events.

For operators seeking a fully built-out, hospitality-focused concept, this is presented as an immediately functional restaurant investment. Recent improvements are described as completed within the last 12 months, including new plumbing and electrical, kitchen equipment, walk-in coolers and freezers, bar equipment, bathroom fixtures and stalls, cork floors, sheetrock, insulation, light fixtures, tables and chairs, and a brand new roof. The asset also includes an extensive wine program, described as a Wine Spectator award winner with an inventory of over 1,200 bottles.

Key Highlights

  • Mariner’s Lakefront Restaurant (built 1982) overlooks Sibley Lake in historic Natchitoches, LA.
  • Combined seating capacity of 348 across three dining experiences: The Docks, The Cove, and the Main Dining Room.
  • Includes approximately 1,500 ft of water frontage on Sibley Lake, ready for development.

Property Analytics

Current Use

Conventional restaurants

Suggested Use

Top Pick Building Supply Dental Office Restaurant Spa & Massage Center Hair Salon Auto Parts Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Turnkey business
Opportunity

Location Intelligence

Trade Area within ½ mile

103
Businesses Nearby
Balanced
Demand for This Use

Demographics for 71457, LA

25,506
Population
12,086
Households
2.1
Avg Household Size
37
Median Age
29%
College-Educated
89%
High-School Grad
269.7 sq mi
ZIP Area
95
Density / Sq Mi
$47,410
Median Household Income
$34,458
Median Earnings
$801
Median Rent
$194,200
Median Home Value

Market

Vacancy Rate% for Retail in South region

7% 2020
6.2% 2021
5.1% 2022
4.8% 2023
4.9% 2024
5.4% 2025
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Frequently Asked Questions

What type of property is this?
Conventional restaurant - Turn-key waterfront restaurant with indoor and dockside seating, plus a leased private island dining experience.
Where is this conventional restaurant located?
The property is located at 5948 HWY 1 BYP Natchitoches, LA.
What is the asking price?
The asking price for this property is $2,499,999.
What are key features of this property?
This property features: Mariner’s Lakefront Restaurant (built 1982) overlooks Sibley Lake in historic Natchitoches, LA.; Combined seating capacity of 348 across three dining experiences: The Docks, The Cove, and the Main Dining Room.; Includes approximately 1,500 ft of water frontage on Sibley Lake, ready for development.
More about this property
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