Lockport Light Industrial Facility

Industrial for Sale
Catylist Listing ID: 30770850
Property Subtypes: Flex Space, Free-Standing, Industrial-Business Park, Manufacturing, Mixed Use, Light Industrial, Office Showroom, Self Storage, Truck Terminal, Warehouse/Distribution
Building Size (RSF): 30,000 SF
Gross Land Area: 87,430 SF
Sale Price: $1,255,000
Unit Price: $41.83 PSF
Property Use Type: Net Leased Investment (NNN), Investment, Vacant/Owner-User, Business
Building Name: Baudoin Furniture & Appliance Inc
Sale Terms: Cash to Seller
Cap Rate: 10.0%
Average Occupancy Rate: 100
Last Updated: 12/1/2021

Overview / Comments

Locate your business amongst the industrial hub of the Gulf Coast. Location serves Lafourche Parish and is part of the Houma-Thibodaux Metropolitan Statistical Area. Situated along the heavily travelled LA Hwy 1, the offering includes a 30,000+/-SF metal building on a 50,680+/-SF lot. The property was formerly used an appliance and furniture sales/distributorship. Sale offering also includes additional .84 acres, comprised of a rectangular shaped parcel with 150' along Barrileaux St/Justin St and 245' depth along Fourth St– would make excellent parking lot. Property withstood Hurricane Ida, and is still standing strong!

-30,000+/-SF on 50,680 SF lot being sold for $1,155,000.00
-For additional $100,000.00 offering comes with .84 ACRE parcel to the rear of the building, great for parking.

-Located along LA Hwy 1
-4.2 Miles from Bollinger Shipyard and many other industrial manufacturing facilities.
- Walking distance to Lockport Bayouside Park
-Situated in the Town of Lockport, LA

Additional Details

Nearest MSA: Houma-Thibodaux
County: Lafourche
Taxing Authority: Lafourch Parish
Tax ID/APN: 0041431900
Zoning: NEIGHBORHOOD COMMERCIAL- TBD
Property Located Between: Bayou Lafourche & Fronting Hwy 1
Highway Access: LA Hwy 1
Site Description: The site consists of the frontage lot totalling 50,680 +/-SF, upon which metal building is constructed. The second part of the site is a vacant/cleared parcel to the rear of the frontage, totalling 36,750+/-SF.
Area Description: Property is 4.2 miles from Bollinger Shipyards and other high profile coastal industrial amenities. The property is situated along heavily travelled LA Hwy 1, which runs all the way through to the Gulf Coast. 33,000+/-SF metal building fronts Crescent Ave/Hwy 1. There is an adjacent cleared/vacant parcel of land to the rear of the building, comprised of 36,750+/-SF (could be used for additional parking).
Property Condition: Average
Year Built: 1970
Construction/Siding: Aluminum Siding
Exterior Description: Metal Building
Zoning Description: Neighborhood Commercial Zoning-- perfect for light industrial sales/service/distribution/light manufacturing.
Lot Frontage: 120
Lot Depth: 300
Land Ownership: 100% FEE SIMPLE
Legal Description: FRONTAGE PARCEL W-1/2 OF LOT 4 & LOTS 5, 6, 7, 8, 9,10,11,12, BLOCK 21, LOCKPORT (476-26) REAR PARCEL LOTS 1, 2, 3, 10, 11, & 12, BLOCK 24, LOCKPORT (476-235). (1325-693)(1450-156; ENT. 887945)(897011:1466-797)

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,113 6,112 13,740
Median Age: 37.82 37.15 38.48
Households: 836 2,311 5,077

Contact

Photograph of Listing Agent

Mike Gennaro, CCIM

EXP COMMERCIAL, LLC Baton Rouge, LA 70827
LACDB Member
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