For Sale
$3,500,000

702 Lobdell HwyPort Allen, LA 70767

High-yield retail center, Hwy 415.

Property records and analytics

Overview

Added:
Dec 11, 2024
Days on market:
113
This exceptional investment opportunity presents a 19,900 square foot shopping center located at 702 N Lobdell Hwy, Port Allen, Louisiana, 70767. The property, a multi-tenant strip center, boasts an attractive asking price of $3,500,000, translating to a price per square foot of $150.75. Currently operating at 85% occupancy with a remaining lease term of 5 years, this NNN-leased property offers a compelling 6.10% cap rate. Situated just off I-10 near the Mississippi River Bridge, this prime location provides excellent visibility and accessibility. Two recently vacated units present immediate opportunities to increase revenue and occupancy. The property's APN is 304400001800. This is the only retail investment opportunity currently available on Highway 415, making it a truly unique and potentially lucrative acquisition. Detailed financial information is available upon request. Don't miss this chance to secure a strong-performing retail asset in a thriving Louisiana market.

Highlights

  • Strip center property.
  • 19,900 square foot building.
  • Asking price: $150.75 per square foot.

Property Details for 702 Lobdell Hwy

Property type
Lifestyle centers, Power centers
Square Feet
19,900 SF

Location Insight

City
Port Allen
County
West Baton Rouge Parish
State
Louisiana
Latitude
30.4567813
Longitude
-91.248007
702 Lobdell Hwy, Port Allen, Louisiana

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Contacts

David Trusty
David Trusty
John Trusty
John Trusty
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702 Lobdell Hwy, Port Allen, Louisiana, 70767

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Disclaimer

The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.

We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.

By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.

702 Lobdell Hwy
  • David Trusty
    David Trusty
  • John Trusty
    John Trusty
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