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OFF-MARKET
Specialty properties

5813 Topsy Bel Rd Ragley, LA 70657

Property ID
Property summary
AI-generated overview

This exceptional commercial property, located at 5813 Topsy Bel Road in Ragley, Louisiana, presents a remarkable investment opportunity. The property encompasses a substantial 6,000 square foot metal building situated on a 2.27-acre corner lot, offering two convenient driveway entrances. Recently renovated, the building boasts a new metal roof, insulated ceilings, updated light fixtures, fresh paint, and a completely restored interior. The expansive space is incredibly versatile, suitable for a multitude of commercial ventures. Imagine hosting weddings, receptions, or other large-scale events in the impressive 60' x 50' banquet and event room, complete with a stage and its own restrooms. Alternatively, the property could easily function as a restaurant, church, multi-purpose event center, club, or bar. A fully equipped commercial kitchen is a significant highlight, featuring a brand-new 12-foot stainless steel grill with two burners and two fryers, an overhead exhaust system with a fire suppressant system, stainless steel sinks, a large three-door cooler, a freezer, and a stainless steel pizza oven. The bar/restaurant area is equally impressive, boasting ample seating, a large bar, two restrooms, multiple drink coolers, a margarita machine, a large stainless steel ice machine, and another three-door cooler with tap serving capabilities and multiple stainless sinks. A dedicated pool room/gaming area with pool tables and a gaming machine adds to the property's appeal. The property is being sold "as is." This is a truly unique opportunity to acquire a well-equipped, versatile commercial space with significant potential. The asking price is $480,000. The property's zip code is 70657.

Property profile
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Property type Specialty properties
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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