Restaurant with Upstairs
9892 E Main St Houma, LA 70363
9892 E Main St, Houma, LA, 70363
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For Sale
Contact for pricing
Restaurant with bar, buffet, office, and storage areas.
Property Size3,990 SF
Price / SF$100
Days on Market2328
Property Features for 9892 E Main St
General Information
- Standard status
- Active
- Size
- 3,990 SF
- Property subtype
- Retail, Office, Self Storage
Building Details
- Year Built
- 1990
Listing Agency
Keller Williams Realty Bayou Partners
(985) 226-3337
Listed by
Michelle Parsons · License #LA18238
Source
Crexi
Added: Mar 2, 2020 Checked: Jul 16 at 4:22 am
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 Keller Williams Realty Bayou Partners
Investment Insights
Based on property information with market context.
This commercial property features a restaurant area of 3990 square feet, complemented by an upstairs office and storage area spanning 733 square feet. The layout includes two bar areas, a buffet area, and seating areas. Additional exterior space is provided by a 118-square-foot storage area and a 240-square-foot screened area. Interior flooring consists of carpet and marble. The sale includes a walk-in freezer, walk-in cooler, hood vent, and two 2-compartment sinks. It is important to note that the building sustained major roof damage and interior water damage from Hurricane Ida, and the listed price reflects an 'AS IS' condition. The sale is subject to approval by the Houma-Terrebonne Airport Commission, as the building is situated on leased land. This property presents an investment opportunity.
Key Highlights
- Two bar areas and buffet area for flexible service options
- Restaurant area offering 3990 sq ft of space
- Upstairs office and storage area: 733 sq ft
Local Financial Insights For Self Storage
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 | $52.7k | $13.20 |
| − Vacancy | −$4.0k | −$0.99 |
| EGI | $48.7k | $12.21 |
| − OpEx | −$14.6k | −$3.66 |
| NOI | $34.1k | $8.55 |
3,990 SF · lease $13.20/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Office B
$893.4K
$781.7K – $1.04M
NOI $62,537 @ 7.0% cap · market cap 15.67%
Second Best
Specialty Retail
$881.8K
$771.6K – $1.03M
NOI $61,729 @ 7.0% cap · market cap 15.47%
Theoretical Best
Office A
$1.10M
$962.4K – $1.28M
NOI $76,991 @ 7.0% cap · market cap 19.30%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Double Hill Bar ...
Bar & Pub
Similar For Sale Nearby
FAQs
What type of property is this?
Conventional restaurant - Restaurant with bar, buffet, office, and storage areas.
Where is this conventional restaurant located?
The property is located at 9892 E Main St Houma, LA.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: Two bar areas and buffet area for flexible service options; Restaurant area offering 3990 sq ft of space; Upstairs office and storage area: 733 sq ft
