28,626 SF Office Building w/ 100 Parking Spaces - 800 David Drive

Office for Sale
Catylist Listing ID: 30346414
Property Subtypes: Executive Suites, Governmental, Institutional, Net Leased, Office Building, Other
Building Size (RSF): 28,626 SF
Gross Land Area: 69,834 SF
Sale Price: $1,950,000
Unit Price: $68.12 PSF
Property Use Type: Investment
Building Name: Hellenic Building
Class of Space: Class B
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 7/7/2020

Overview / Comments

This 28,626 square foot, two-story, elevator-serviced office building is positioned on a 1.6 acre site with 100 parking spaces in the heart of Morgan City, less than 0.50 miles from Teche Regional Medical Center. The property is easily accessible, being positioned less than 0.25 miles from the Highway 90 exit. The office building has historically maintained strong occupancy figures with a portion of the ground floor being owner occupied. The United States Coast Guard recently moved out of the building which creates a great opportunity for a buyer to occupy a significant portion of the property while capitalizing on additional income from the existing tenants. Don’t miss out on this opportunity to purchase a well-located, high quality office space with ample off-street parking.

Additional Details

Nearest MSA: Morgan City
County: Saint Mary
Tax ID/APN: 3224361116.00
Zoning: B-2, GENERAL BUSINESS
Total Parking Spaces: 100
Passenger Elevators: 1
Lot Frontage: 436'
Lot Depth: 160'2"

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 7,010 17,267 23,144
Median Age: 38.01 37.4 36.98
Households: 2,740 6,758 8,944

Contact

Photograph of Listing Agent

Pat Browne III

The McEnery Company Inc New Orleans, LA 70112
LACDB Member
Photograph of Listing Agent

S. Parkerson (Parke) McEnery

The McEnery Company New Orleans, LA 70112
LACDB Member
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