111 Moss Lane

    Houma, LA 70360
    • $960,000
    • STATUS: Active
    • ON SITE: 788 days
    • MLS #: 2057793
    UPDATED: 22 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



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

    Terms & Conditions
    Listings Courtesy of Gulf South Real Estate Information Network. © 2018, New Orleans Metropolitan Association of REALTORS®, Inc. All rights reserved. Information deemed reliable, but not verified or guaranteed. Users are responsible for checking the accuracy, completeness, currency, and status of all information. Data last updated: 2018-07-22T15:34:41.007.
    www.localnorthshorerealestate.com/homes/63007496

    111 Moss Lane Houma, LA 70360

    • Price: $960,000
    • Status: Active
    • Updated: 22 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

    Car Storage LotOff Street Parking Lot Description 1-5 AcresIrregular Lot Size 108900

    Property Features

    Ada Features YN Yes Age Description Resale Age Description2 Age UnknownNone Bond For Deed YN No Bounding Streets Progressive Blvd. & St. Charles St. Building Type OtherRetail Building City Limit YN Yes Common Area Maint YN No Electricity Provided By Entergy Elevation Cert Available No Gas Type Natural Insurance Paid By Tenant Janitor Paid By Tenant Lease Purchase Poss YN No Measurement Approx Not Guaranteed Yes Owner May Finance YN No Real Estate Taxes Paid By Tenant Sewer Type City Sold As Is WOR Yes Sold With Covenants Restrictions No Termite Contract Yes Third Party Reo Neither Total Area 4000 Utilities Paid By Tenant Water Type Public Zoning C-2

    Listing Courtesy of Gulf South Real Estate Information Network.


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

    Terms & Conditions
    Listings Courtesy of Gulf South Real Estate Information Network. © 2018, New Orleans Metropolitan Association of REALTORS®, Inc. All rights reserved. Information deemed reliable, but not verified or guaranteed. Users are responsible for checking the accuracy, completeness, currency, and status of all information. Data last updated: 2018-07-22T15:34:41.007.
     
    Turner Real Estate Group
    111 N Causeway Blvd, Suite 101
    Mandeville LA, 70448