Harley Davidson Building Available for Sale or Lease

Retail-Commercial for Sale
Catylist Listing ID: 30468150
Property Subtypes: Free-Standing Building, Mixed Use, Restaurant, Street Retail, Tavern/Bar/Nightclub, Vehicle Related
Building Size (RSF): 37,323 SF
Gross Building Area: See Agent
Gross Land Area: 4.50 Acres
Sale Price: $3,650,000
Unit Price: $97.79 PSF
Ceiling: 20 ft.
Property Use Type: Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: 7.8%
Average Occupancy Rate: 100
Last Updated: 1/13/2022

Overview / Comments

Class “A” retail facility occupied by Harley Davidson dealership. This facility totaling 37,000 sf sitting on 4.5 improved acres has 339ft frontage on SW Railroad Ave and rear access from S Magnolia St. The facility is currently used as a motorcycle dealership and training facility and has been meticulously maintained. This is a great opportunity for an owner occupant with the Tenant having given notice to vacate the building in December 2022. Current investment opportunity offers a 7.7% CAP Rate. Sale shall include real estate only, all rights to Harley Davidson Dealership shall be reserved and retained by H-D U.S.A., LLC. and Harley Davidson Franchisee. Contact broker for additional information.

NNN Leased
7.8% CAP Rate
339 ft frontage
37,323sf Facility
4.597 Acre Lot
NNN Leased
24466 CPD in 2016

Additional Details

Nearest MSA: Hammond
County: Tangipahoa
Submarket/Township: 85
Tax ID/APN: 2800500.000000000000000
Zoning: C3
Retail Clientele: General, Business, Recreation
Property Located Between: I-12 to Southwest Railroad Ave. The property is on the left near the intersection of SW Railroad Ave & Hewitt Rd
Property Visibility: Excellent
Feet of Frontage: 339
Traffic/Vehicle Count: 24,466
Tenancy: Single Tenant
Total Number of Buildings: 1
Property Condition: Excellent
Year Built: 2000
Parking Type: Surface
Lot Frontage: 339

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,685 31,229 62,167
Median Age: 32.94 31.07 32.57
Households: 1,364 11,828 23,450

Contact

Photograph of Listing Agent

David A Vercher

KW Commercial
Baton Rouge, LA
LACDB Member
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