587 Florida Blvd Denham Springs, LA 70726
This exceptional investment opportunity presents a well-established Mexican restaurant and four apartments situated on a one-acre lot at 587 Florida Blvd, Denham Springs, LA 70726. The property boasts a total of 5,300 square feet, with 3,000 square feet dedicated to the restaurant and the remaining space housing the four apartments – two upstairs and two downstairs. Built in 1985, this two-story building is zoned C and offers high visibility on Florida Blvd, benefiting from high traffic counts and proximity to the antique district and downtown Denham Springs. The restaurant features ample dine-in space, a fully equipped kitchen, and a walk-in cooler. The property also includes over 30 parking spaces and a prominent pilon sign with an LED message board. The asking price is $650,000 ($122.64 per square foot). Owner financing options may be available. This turnkey operation presents a unique opportunity for an owner-user or investor seeking a blend of commercial and residential income streams.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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No recorded transactions found for this property.
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Risks
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