29592 La-22, Springfield, LA 70462
This exceptional investment opportunity encompasses a thriving waterfront restaurant and marina on 16.8 acres in Springfield, Louisiana. The property includes a beloved 5,044 square foot family-style restaurant with a stunning 2,160 square foot attached gazebo, perfect for hosting private events and enjoying beautiful waterfront views. The restaurant sits on a water-bottom lease, details of which are available upon request. Fixtures, furniture, and equipment (FF&E) are included in the sale. Adjacent to the restaurant is an 11.42-acre marina currently under lease (lease details available with due diligence), featuring 61 covered and 8 uncovered boat slips, a boat launch, and gas pumps conveniently located on both the road and waterside. The marina also offers 9 boat hookups on the docks. Further enhancing the property's appeal are 11 RV sites with full 30/50 amp hookups, water, and sewer connections; one camp rental; one apartment; five dry storage units; and one large metal storage unit with approximately 20 feet of clearance. The property is approximately seven miles from Lake Maurepas and boasts a rich history, having served as a filming location for numerous movies and television shows. This turnkey operation presents a unique opportunity to acquire a well-established and highly profitable business in a desirable location. The total square footage of all buildings is 731,808 square feet. The asking price for this remarkable property is $5,900,000.
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.