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Property profile & analytics
FOR SALE
Retail space

9892 E Main St Houma, LA 70363

Entity Owned 6-yr Hold ~ Est. High Equity
Property ID
US36-1005112
Property summary
AI-generated overview

This exceptional investment opportunity presents a 3,990-square-foot restaurant and bar located at 9892 E Main St, Houma, Louisiana, 70363. Priced at $125,000 ($31.33/sq ft), this property boasts two bar areas, a buffet area, and ample seating. The main level encompasses the restaurant space, featuring carpet and marble flooring. Upstairs, a 733-square-foot area provides office and storage space. Additional exterior space includes a 118-square-foot storage area and a 240-square-foot screened area. The property includes several key pieces of equipment: a walk-in freezer, walk-in cooler, hood vent, and two two-compartment sinks. Please note that this nine-story building, constructed in 1990, sustained significant roof and interior water damage from Hurricane Ida. The sale price reflects an "as is" condition. The property is situated on leased land and requires approval from the Houma-Terrebonne Airport Commission for the sale to proceed. This presents a unique chance to acquire a well-situated commercial property in a desirable location, with the potential for significant return on investment after renovations. The property is zoned for retail, office, and self-storage uses.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
APN 24193
UPID US36-1005112
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
Current use
Occupant on record · Public records
  • Double Hill Bar and Grill Bar & Pub
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
La Realty Development LLC · 6 yrs held
La Realty Development LLC
since 2020
Last sale
$412,309
1 recorded transaction
2020
$412,309
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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