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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

51494 Ln Hwy Greensburg, LA 70706

5,878 SF 1.31 ac lot Built 2010
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Retail properties & Spaces
Year built 2010
Total area 5,878 SF
Lot 1.31 ac (57,064 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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