15 May Mixed-Use Property in Downtown Donaldsonville sold to Korean Investment Group

May 15, 2026 – Baton Rouge, LA – ELIFIN^® is pleased to announce the successful sale of 416-420 Mississippi Street in Donaldsonville, LA. The mixed-use property, located in the heart of Downtown Donaldsonville, was acquired by a Korean investment group with plans to support workforce housing and accommodations tied to the region’s rapidly expanding industrial sector.

Lindsay Redhead and Peter Laville of ELIFIN® represented the buyer in the transaction.

The property consists of multiple income-producing components across two buildings, including The Inn on the River, a 16-room hotel; Gaston’s BBQ & Beer restaurant; The Columns on the River event venue; and four one-bedroom apartments. The ±25,200 SF property was sold fully operational, with all furniture, fixtures, and equipment included in the sale.

Positioned along the Mississippi River and near several major industrial projects, the asset drew strong interest due to its strategic location and existing cash flow. The surrounding region continues to see significant investment activity, including the recently announced $5.8 billion Hyundai Steel facility, CF Industries’ ongoing expansion efforts, and additional large-scale industrial developments throughout Ascension Parish.

“This was a complex transaction that required persistence and constant coordination from start to finish,” said Lindsay Redhead of ELIFIN®. “We’re excited for the buyer and the long-term vision they have for the property and the area.”

The transaction involved a competitive bankruptcy court process and ultimately closed just 64 days after contract award.

ELIFIN^® is a commercial real estate brokerage. We exist to make great deals that make life better.

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For additional information, please contact Lindsay Redhead, MBA at 225-938-3148.