1110 Sterlington HwyFarmerville, LA 71241

  • Other commercial real estate
  • 3,043 SF
For Sale
$685,000 View listing

Property Details for 1110 Sterlington Hwy

Year built
1953
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Property size (Sq ft)
3,043 SF
Property type
Other commercial real estate
APN
11122550
APU
11122550

Description

This exceptional turnkey restaurant opportunity in Farmerville, Louisiana, presents a rare chance to acquire an established business with significant potential. Located at 1110 STERLINGTON HIGHWAY, this property boasts a substantial 3,910 square foot building on a generous 4-acre lot. The restaurant itself has been successfully operating since January 1999, offering a proven track record and established clientele. The sale includes all existing furniture, equipment, and dining amenities, allowing for a seamless transition for the new owner. The spacious interior comfortably seats a large number of patrons, and an additional outdoor deck expands capacity to accommodate up to 120 diners. A convenient drive-thru window further enhances operational efficiency and customer convenience. Adding to the investment value, an additional commercial building, constructed in 2000, is included and currently generates income via a one-year lease. The expansive 4-acre lot provides ample room for future expansion or development, presenting exciting possibilities for growth and diversification. All information is believed to be accurate but is not guaranteed.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $553,467
    Hospitality
    $506,973
    Educational
    $421,796
    Medical
    $436,302
    Retail
    $656,127
1110 Sterlington Hwy, Farmerville, Louisiana

Location Insight

City
Farmerville
County
Union
State
Louisiana
Latitude
32.7681
Longitude
-92.3851
CBSA code
33740
CBSA name
MONROE, LA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$4,515
$22,200
$28,197
$50,397
-
$222,000
$187,976
$409,976

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