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    2057 Madison Ave Bastrop, LA 71220

    Sponsored
    For Sale
    $750,000

    Prime Restaurant Space, Fully Equipped, High Traffic

    Property size:
    3,759 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 3,759 square foot restaurant space, located at 2057 E Madison Ave in Bastrop, Louisiana (71220), presents a lucrative investment opportunity. Previously occupied by Taco Bandido, this Class A property boasts a fully renovated interior (2020) and is ready for immediate occupancy. The building features a spacious dining area, a large front counter, a fully equipped commercial kitchen, ample cooler space, and restrooms. The property also includes a convenient drive-thru and abundant parking (4 spaces per 1,000 sq ft) for customer convenience. Situated on a 1.69-acre lot zoned B3, this location offers excellent visibility and accessibility due to its position on a high-traffic main road, ensuring maximum business exposure. The asking price is $750,000, representing a price per square foot of $199.52. The property is vacant, with an occupancy date of November 18, 2024. A pro-forma NOI of $120,000 projects a 16.00% cap rate. This is a NNN lease type property, suitable for an owner/user. The sale is structured for a 1031 exchange. This is a single-story building in Morehouse Parish. Previous tenant credit included a franchisee and corporate guarantee.

    Property Features for 2057 Madison Ave

    General Information

    Property type
    Restaurants
    Square Feet
    3,759 SF
    Class
    A
    Lot Size
    73,616 SF

    Building Details

    Year Renovated
    2020
    Buildings
    1
    Stories
    1
    Units
    1

    HighLights

    • High‑traffic location on a main road with excellent visibility and accessibility.
    • Turnkey restaurant space with a fully equipped commercial kitchen, large counter, and ample dining area.
    • Includes restrooms.
    Property Profile Location Intelligence

    Current Use by Public Records

    Lucky Chopsticks Chinese Restaurant

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Bastrop
    County
    Morehouse Parish
    State
    Louisiana
    Longitude
    -91.8862395
    Latitude
    32.777735

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    FAQs

    What type of property is this?
    Restaurant - Prime Restaurant Space, Fully Equipped, High Traffic
    Where is this restaurant located?
    The property is located at 2057 Madison Ave Bastrop, LA.
    What is the asking price?
    The asking price for this property is $750,000.
    What are key features of this property?
    This property features: High-traffic location on a main road with excellent visibility and accessibility.; Turnkey restaurant space with a fully equipped commercial kitchen, large counter, and ample dining area.; Includes restrooms.
    Request Owner's contact information
    2057 Madison Ave Bastrop, LA 71220
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    Bastrop, LA 71220
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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

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    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
    2057 Madison Ave Bastrop, LA 71220
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