111 Moss Lane

    Houma, LA 70360
    • $960,000
    • STATUS: Active
    • ON SITE: 968 days
    • MLS #: 2057793
    UPDATED: 26 min ago
    $960,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Type:
    Commercial
    Built:
    1998
    County:
    Area:

    School Ratings & Info

    Description

    Fairgrounds OTB (Off-Track Betting) Facility for Sale in Houma! A rare opportunity to own an unique property with a long-term lease in place for the current tenant, Churchill Downs. This 4,000 sf facility is home to a thriving gaming operation with multiple video poker machines. The gaming permit is actually grandfathered into this particular location, so the tenant is actually tied to the address as a gaming institution now and in the future. Total amount of land included is 2.5 acres. 7.55% CAP Rate.

    Monthly Payment Calculator



    Broker and Associates are licensed in the State of Louisiana, USA.
    Turner Real Estate Group || (985) 626-1313 || Mandeville, LA.

    Terms & Conditions
    © 2019 Gulf South Real Estate Information Network. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Turner Real Estate Group. Data last updated: 2019-01-18T17:38:05.66.
    www.localnorthshorerealestate.com/homes/63007496

    111 Moss Lane Houma, LA 70360

    • Price: $960,000
    • Status: Active
    • Updated: 26 min ago
    • MLS #: 2057793
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    1998
    Built
    County:
    Terrebonne
    Area:
    Houma
    Property Description
    Fairgrounds OTB (Off-Track Betting) Facility for Sale in Houma! A rare opportunity to own an unique property with a long-term lease in place for the current tenant, Churchill Downs. This 4,000 sf facility is home to a thriving gaming operation with multiple video poker machines. The gaming permit is actually grandfathered into this particular location, so the tenant is actually tied to the address as a gaming institution now and in the future. Total amount of land included is 2.5 acres. 7.55% CAP Rate.
    Exterior Features

    Attached Garage YN No Lot Features AcreageIrregular Lot Lot Size Dimensions 108900 Parking Features Off Street

    Interior Features

    Building Area Total 4000

    Property Features

    Levels One Sewer Public Sewer Storiestotal 1 Watersource Public

    Listing courtesy of Gulf South Real Estate Information Network.
    Listing provided courtesy of Michael E Allain of Keller Williams Realty 455-0100.



    Broker and Associates are licensed in the State of Louisiana, USA.
    Turner Real Estate Group || (985) 626-1313 || Mandeville, LA.

    Terms & Conditions
    © 2019 Gulf South Real Estate Information Network. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Turner Real Estate Group. Data last updated: 2019-01-18T17:38:05.66.
     
    Turner Real Estate Group
    111 N Causeway Blvd, Suite 101
    Mandeville LA, 70448