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Property profile & analytics
OFF-MARKET
Specialty properties

29592 La-22 Springfield, LA 70462

731,808 SF 16.8 ac lot
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Specialty properties
Total area 731,808 SF
Lot 16.8 ac (731,808 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
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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