302 Hwy 22 Hwy Madisonville, LA 70447
- Commercial real estate
- 5,717 SF
Current Use by Public Records
- Commercial real estate
Property Details for 302 Hwy 22 Hwy
- Year built
- 2008
- Property size
- 5,717 SF
- Property type
- Commercial real estate
Description
This exceptional commercial property in the heart of downtown Madisonville, Louisiana presents a compelling investment opportunity. The offering encompasses three buildings totaling 5,717 square feet, currently occupied by established businesses: Orlando's Seafood Restaurant & Bar, a seafood market offering fresh and boiled seafood, and a Thai restaurant. All three tenants are currently generating income. The property includes valuable existing kitchen equipment, a boiling station, and a large walk-in cooler suitable for tractor-trailer deliveries. Situated on a corner lot measuring 240 feet by 66 feet, the property benefits from city water and sewer connections. An on-site office with a private bath adds to the functionality. The asking price for the entire property is $850,000. Alternatively, the property can be subdivided into two separate buildings for a price of $600,000. Owner financing is available at a 6.0% interest rate. Importantly, the seller does not require flood insurance. This turnkey operation offers immediate income and significant potential for future growth in a desirable location.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Madisonville
- County
- St Tammany
- State
- Louisiana
- Longitude
- -90.1582
- Latitude
- 30.4045
