17188 Airline Hwy - Retail FOR SALE


Prairieville, LA 70769
$2,850,000 USD
713-452-4352
17188 Airline Hwy, Prairieville, LA for Sale
$2,850,000 USD
Retail - FOR SALE
1/6
null | 7.18% Cap Rate

17188 Airline Hwy
Prairieville, LA 70769


HIGHLIGHTS

  • Prime Location on Airline Highway: Strategically located just on one of the area’s major thoroughfares, the property sees over 51,000 VPD.
  • Significant Value-Add Opportunity: Potential through leasing up vacancies, as current occupancy is at 78 percent.
  • Fast Growing Suburb: Prairieville is one of Baton Rouge’s fastest growing areas and has experienced strong residential growth.
  • Main Retail Corridor: Positioned in a heavily trafficked area near national retailers, including McDonald’s, Walmart, Aldi, and CVS.
  • Residential Development Underway: A massive luxury 21-home community is being built to the south, while a subdivision of 130+ homes to the east.
  • Affluent Demographics: Within a 3-mile radius, the average HH income is $142,395, and the population within a 5-mile radius totals 82,838.

OVERVIEW

Marcus & Millichap is pleased to exclusively offer for sale Oak Grove Plaza, a 17,741-square-foot shopping center located on one of the greater Baton Rouge area’s major thoroughfares. Prairieville is one of Baton Rouge’s fastest growing suburbs, with massive luxury home communities and subdivisions under construction in the area. Within a three-mile radius, the average household income is $142,395, providing a strong customer base. Also, the subject property is positioned in a heavily trafficked area near Walmart and Aldi, seeing over 51,000 vehicles per day. With an occupancy of 78 percent, this property offers significant upside potential through leasing up vacancies.

FOR SALE DETAILS

PRICE

$2,850,000 USD

PRICE/SF

$155 USD /SF

CAP RATE

7.18%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Oak Grove Plaza

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Restaurant, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2000

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.7 AC

LAND SF

74,052 SF

ZONING

MU

APN/PARCEL ID

06021-200

ASK ABOUT THIS PROPERTY

Cole VoylesMarcus & MillichapMore Info
713-452-4352

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Cole VoylesMarcus & MillichapMore Info
713-452-4352

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