117 Causey StTallulah, LA 71282

Property Details for 117 Causey St

Lot size

1.00 AC

Property type

Office properties

APN

400084900

APU

400084900

Description

This exceptional commercial property in Tallulah, Louisiana, presents a unique investment opportunity. Located at 117 CAUSEY STREET, 71282, this 2,444 square foot complex comprises five custom-built structures completed between 2018 and 2022. The buildings include a private lounge, a separate restroom facility, a fully equipped office suite featuring a built-in 200-inch television screen, a small restaurant, and an auto detailing bay. The asking price is $169,900. The property is exceptionally well-equipped, including 33 televisions, JBL surround sound systems throughout, a comprehensive 36-camera security system, three computer systems, and a fully operational restaurant kitchen. Restaurant equipment includes three deep fryers, a 40-inch commercial griddle, a commercial vent hood, stainless steel tables, coolers, a soda machine, six daiquiri machines, and a wine cooler. All furniture and existing alcohol inventory are included in the sale, allowing for immediate operation. This turnkey setup offers a diverse range of income-generating possibilities, making it an attractive and versatile business venture. The property's location in Madison County, Louisiana, provides convenient access to local amenities and transportation routes. This is a rare opportunity to acquire a fully operational and well-equipped commercial complex in a desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $6,919,074

  6.5%

  $6,386,838

  7%

  $5,930,634

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,322,796

  Geo Method

  $3,115,847

• Alternative Use

  Use

  Valuation

  Residential

  $7,919,678

  Hospitality

  $7,254,382

  Educational

  $6,035,561

  Medical

  $6,243,134

  Retail

  $9,388,651

Location Insight

City

Tallulah

County

Madison

State

Louisiana

Latitude

32.4209

Longitude

-91.1758

CBSA code

45260

CBSA name

TALLULAH, LA MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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