190 CENTER
Shopping Center
for Sale
| Catylist Listing ID: |
30843646 |
| Property Subtypes: |
Strip Center
|
| Building Size (RSF): |
4,800 SF
|
| Gross Land Area: |
20,000 SF
|
| Sale Price: |
$708,900 |
| Unit Price: |
$147.69 PSF |
| Ceiling: |
10 ft. |
| Property Use Type: |
Net Leased Investment (NNN) |
| Building Name: |
190 Center |
| Usable Size (USF): |
4,800 SF |
| Sale Terms: |
Cash to Seller, Sale/Leaseback |
| Cap Rate: |
Undisclosed |
| Average Occupancy Rate: |
75 |
| Last Updated: |
5/30/2023 |
Overview / Comments
Well Built (2005), aesthetic design (brick, stucco & glass facade) currently 75% leased.Parking (19 spaces) exceeds City of Slidell Requirements. Two-(2) ingress & egress driveways on Highway 190. This is a clear span construction which could be used for single use tenant, currently divided into 4 rental units. Three-(3) of the A/C units have been recently replaced, and the sewerage treatment system has been completely refurbished.
A $10K steel panel hurricane system comes with the building (protects the glass).New construction proposed on the adjacent property and in the area. High traffic count on Highway 190 (Gause Blvd West) and easy access to I-12. One of the owners has been in business at this location for over 18 years and will be retiring out.
|
Additional Details
| Nearest MSA: |
New Orleans-Metairie |
| County: |
Saint Tammany |
| Taxing Authority: |
St. Tammany Parish/City of Slidell |
| Tax ID/APN: |
1240704563 |
| Zoning: |
COMMERCIAL |
| Retail Clientele: |
General |
| Property Visibility: |
Excellent |
| Largest Nearby Street: |
Highway 190 (Gause Blvd West) |
| Feet of Frontage: |
101 |
| Airports: |
Ingress & Egress on two-(2) driveways on US Hwy 190 |
| Total Number of Buildings: |
1 |
| Number of Stories: |
1 |
| Property Condition: |
Good |
| Year Built: |
2005 |
| Roof Type: |
Other |
| Construction/Siding: |
Brick/Aluminum Siding |
| Exterior Description: |
Brick, Stucco and Glass |
| Parking Ratio: |
4.8 (per 1000 SF) |
| Parking Type: |
Surface |
| Parking Description: |
Standard Parking Spaces, |
| Total Parking Spaces: |
19 |
| Sprinklers: |
None |
| Heat Type: |
Electricity |
| Heat Source: |
Central |
| Air Conditioning: |
Other |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
4,175 |
26,188 |
71,130 |
| Median Age: |
34.76 |
36.99 |
37.76 |
| Households: |
1,441 |
9,575 |
26,266 |
|
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