51494 Ln Hwy Greensburg, LA 70706
This exceptional 5,878 square foot retail property located at 51494 LA HWY 16, Greensburg, LA, presents a unique investment opportunity. Currently configured as an event center or tavern, this versatile space boasts a state-of-the-art bar equipped with cutting-edge facilities. The contemporary design and high-quality infrastructure create an inviting atmosphere perfect for a wide range of events. A significant feature is a large 30 x 25 foot electric screen, ideal for showcasing sporting events or presentations. The property also includes a dedicated private entrance, bathroom, and shower facilities for performers or special guests, adding to its functionality and appeal. The 1.31-acre lot provides ample space for parking and potential expansion. The property's history demonstrates its suitability for diverse events, from weddings and corporate functions to social gatherings, showcasing its adaptability and market viability. The asking price of $695,000 includes both the land and the building, representing a compelling opportunity for a savvy investor seeking a turnkey operation or a blank canvas for a new venture. This property offers a rare combination of size, location, and existing infrastructure, making it an attractive proposition in the vibrant Greensburg market.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.