831 9th St - Storefront Retail/Office FOR SALE


Morgan City, LA 70380
$200,000 USD
504-481-7369
831 9th St, Morgan City, LA for Sale
$200,000 USD
Storefront Retail/Office - FOR SALE
1/5
null | 7% Cap Rate

831 9th St
Morgan City, LA 70380


OVERVIEW

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 and related lease not included.

FOR SALE DETAILS

PRICE

$200,000 USD

PRICE/SF

$182 USD /SF

CAP RATE

7%

% 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

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Mark GuidrozPixel DisplaysMore Info
504-481-7369

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