9892 E Main St Houma, LA 70363
For Sale
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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.
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Double Hill Bar and Grill Bar & Pub
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.