997 Cooper Rd - Retail FOR SALE


Picayune, MS 39466
$1,500,000 USD
504-289-8172
997 Cooper Rd, Picayune, MS for Sale
$1,500,000 USD
Retail - FOR SALE
1/5
null | Request Cap Rate

997 Cooper Rd
Picayune, MS 39466


OVERVIEW

The property is currently an operating movie theater in Picayune, next to the Rouses Grocery on highway 43, but is available for development since zoning allows for a wide variety of uses. Click on Marketing Presentation for ESRI demographics and consumer spending research showing what businesses would be successful in this location. The property is centrally located in a vibrant retail area, at the main exit from Interstate 59 at U.S. Highway 43. Interstate 59 runs from New Orleans to Georgia, and delivers traffic from nearby cities including New Orleans, Slidell, Hattiesburg and Laurel. Traffic count on I-59 is 33,000 cars per day and 15,000 cars per day on Highway 43 at Highland Parkway. The building is 10,800 square foot on 1.9 acres, located at the Interstate 59 and U.S. Highway 43 interchange. Constructed in 1984 and well maintained, the building was extensively renovated in 2015 to include 4 auditoriums with 20’ ceiling height and stadium seating decks of foam blocks covering 4 inches of concrete, new carpet, insulation, ceiling tiles, floor covering and restroom upgrades. In 2022 a bitumen roof overlay with a 20 year warranty was installed. In 2024, the exterior was painted and parking lot restriped. There is 70,000 square feet of paved parking around the building. Property taxes are currently $24,000 annually. Shown by appointment only since the theater is in operation.

FOR SALE DETAILS

PRICE

$1,500,000 USD

PRICE/SF

$139 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY NAME

10,800 SF For Sale $1,500,000

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1984

SPRINKLERS

-

PARKING SPACES

62

LAND DETAILS

LAND ACRES

1.98 AC

LAND SF

86,152 SF

ZONING

B-3

APN/PARCEL ID

6-17-1-12-001-030-0300

ASK ABOUT THIS PROPERTY

Robert HandLouisiana Commercial Realty, LLCMore Info
504-289-8172

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Robert HandLouisiana Commercial Realty, LLCMore Info
504-289-8172

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