1106 Verona St - Retail FOR SALE


Newellton, LA 71357
$135,000 USD
305-206-1286
1106 Verona St, Newellton, LA for Sale
$135,000 USD
Retail - FOR SALE
1/9
null | Request Cap Rate

1106 Verona St
Newellton, LA 71357


HIGHLIGHTS

  • ABSOLUTE $1 AUCTION | Former Family Dollar & Dollar Tree | 2021 Built | AUCTION SEPTEMBER 23-25
  • 10,579 SF Freestanding Value-Add Retail on 1.02 Acres Available at Substantial Discount Below Replacement Cost
  • Built in 2021; Former Family Dollar & Dollar Tree Combo Store with Open Floor, Rear Storage Room, and Side Door for Deliveries
  • Surrounding Traffic Generators: Dollar General, John Deere, USPS, Newellton Airport, and more
  • Strategic Frontage and Visibility on Verona Street with Traffic Counts of 2,223 VPD and Just Off US-65
  • Flexible Zoning for a Variety for Redevelopment or Alternative Commercial Uses

OVERVIEW

Marcus & Millichap is pleased to present a vacant, free-standing retail building located at 1106 Verona Street in Newellton, LA 71357 (the “Property”). Formerly occupied by Family Dollar/Dollar Tree, the Property is being offered significantly below replacement cost, providing an excellent opportunity for owner/users or investors to acquire a highly visible commercial property at a significant discount. FIRST BID MEETS RESERVE! Built in 2021, the Property features a one-story, free-standing retail building totaling ±10,579 gross square feet, situated on a ±1.021-acre parcel (±44,468 SF) with 30 total surface parking spaces. The site offers excellent accessibility via one dedicated ingress/egress curb cut and prime frontage on Verona Street (±2,223 VPD) just 340.0’ to the Intersection of U.S.Highway 65 with ±1,851 VPD. Previously operated under a triple net (NNN) lease by Family Dollar/Dollar Tree, the Property presents a compelling value-add opportunity for owner-users or investors to reposition and lease-up at long-term market rates (Costar estimated retail rents $8-10/SF NNN). The Property and surrounding areas are not subject to zoning ordinances, offering rare flexibility for re-use or alternative commercial uses. The Property is located in Newellton, Louisiana, a town in the northwestern portion of Tensas Parish, situated along U.S. Highway 65—one of the region’s primary north-south corridors connecting Tallulah (±22-mi) and St. Joseph (±11-mi) with Interstate 20 and Natchez, Mississippi. This location provides strong visibility, direct curb-cut access, and steady vehicular traffic, serving as a key route for local residents, agricultural operations, and through-travelers alike. Newellton sits within a broader trade area encompassing multiple parishes along the Mississippi River and benefits from its proximity to key destinations such as Lake St. Joseph, Tensas River National Wildlife Refuge, and the Mississippi state line. Local commercial activity includes national retailers like Dollar General and nearby healthcare, banking, and municipal services that reinforce the Property’s long-term utility. The Property has over 1,800 residents within an expanded 10-mi area with an average household income (AHHI) exceeding $57k. With minimal zoning restrictions, a growing residential base, and an extended trade area underserved by national retail, the Property is well-positioned for redevelopment or re-leasing to a variety of retail, service, or essential use tenants.

FOR SALE DETAILS

PRICE

$135,000 USD

PRICE/SF

$13 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

$1 Auction - REIT Sale | Former Family Dollar

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2021

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

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ZONING

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APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Philip KatesMarcus & MillichapMore Info
305-206-1286

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Philip KatesMarcus & MillichapMore Info
305-206-1286

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