831 9th St - Storefront Retail/Office FOR SALE


Morgan City, LA 70380
$510,000 USD
504-481-7369
831 9th St, Morgan City, LA for Sale
$510,000 USD
Storefront Retail/Office - FOR SALE
1/5
null | 9.2% Cap Rate

831 9th St
Morgan City, LA 70380


OVERVIEW

Sale includes land, building and billboard structure all owned by the seller. The combined NOI from building and billboard is $46,970.00. Highly visible corner lot at the red light intersection of Ninth Street(LA Hwy 70) and Brashear Ave. in Morgan City, LA. BUILDING - Renovated in 2016. Replaced roof, A/C condenser, drop down ceiling, electrical upgrade and shored up building using Cable Lock Foundation Repair. - Transferrable warranty with Cable Lock Foundation Repair. - Same tenant has been in place for 8 years. - NN lease with tenant paying base rent plus CAM (insurance and property taxes) adjusted annually. BILLBOARD - Structure is 11'x22', static left read and digital right read. - Located at a red light intersection providing long dwell time.

FOR SALE DETAILS

PRICE

$510,000 USD

PRICE/SF

$464 USD /SF

CAP RATE

9.2%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

ADD'L SUBTYPES

Freestanding, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2007

SPRINKLERS

-

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.04 AC

LAND SF

1,742 SF

ZONING

Commercial

APN/PARCEL ID

3224361698

ASK ABOUT THIS PROPERTY

Mark GuidrozPixel DisplaysMore Info
504-481-7369

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Mark GuidrozPixel DisplaysMore Info
504-481-7369

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.