Investment Property 4730 SW Evangeline Thruway

Retail-Commercial for Sale
Catylist Listing ID: 30842565
Property Subtypes: Car Wash, Free-Standing Building, Mixed Use, Retail-Pad, Street Retail, Vehicle Related
Building Size (RSF): 22,138 SF
Gross Land Area: 3.10 Acres
Sale Price: $1,725,000
Unit Price: $77.92 PSF
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: 10.5%
Last Updated: 4/9/2024

Overview / Comments

Huge Traffic count and 49,000 cars per day. Property includes 3.1 acres on corner of Alberston pkwy hwy 90 and Main St. in Broussard includes +/-4,010 Sq. Ft. class 'D' carwash, a +/-9,728 sf storage facility with 10 units(No rent collected on storage units. used by owner)POTENTIAL ANNUAL INCOME $42,500 and First Tire a class 'S' +/-8,400 sf office/warehouse( lease contains escalation clause)ANNUAL INCOME $120,000 . Wendy and Shell pole signs have income $6,600 annual income. (lease has expired and month to month room to increase net income!!!) The car wash contains 8 hand wand bays, and 1automatic drive thru and the equipment room which can be fixed or converted into more storage units. Gross Potential Annual Income without carwash could be $169,100 converting Carwash to storage would increase income to $209,100 Estimate $25,000 in Annual expenses. Projected NOI $184,100 10.52% cap rate
Owner responsible for taxes, tenant pays insurance and maintenance.
Additional land included in price.
Call Mo for additional info and clarification.

Additional Details

Nearest MSA: Lafayette
County: Lafayette
Submarket/Township: H
Submarket Type: Redevelopment District
Tax ID/APN: 6170370
Zoning: VERIFY
Retail Clientele: General, Business, Traveler, Other
Property Located Between: hwy 90 and albertson pkwy
Property Visibility: Excellent
Largest Nearby Street: hwy 90
Feet of Frontage: 662
Traffic/Vehicle Count: 49,000
Highway Access: hwy 90
Site Description: 662 lf frontage on hwy 90, 1,000 lf frontage on main street broussard
Area Description: South on Hwy 90, Right on Albertson Parkway. The property on the corner.
Tenancy: Multiple Tenants
Total Number of Buildings: 3
Number of Stories: 1
Property Condition: Fair
Roof Type: Flat
Construction/Siding: Block
Exterior Description: 3 seperate buildings carwash Highly Visible from 3 major roads
Parking Type: Surface
Sprinklers: None
Heat Type: Electricity
Heat Source: Central
Air Conditioning: Engineered System
Internet Access: Cable, Fiber Optic, Other
Zoning Description: Mixed use surrounds the property
Lot Frontage: 662
Water Service: Municipal
Sewer Type: Municipal
Legal Description: SECS 45/96 T10S R5E (3.138 AC) (TRIANGULAR IN SHAPE)

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,321 19,673 52,410
Median Age: 34.07 34.35 34.1
Households: 926 7,347 20,090

Contact

Photograph of Listing Agent

Mo E Hannie

NAI/Latter & Blum Commmercial Lafayette Lafayette, LA 70508
LACDB Member
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