N Burnside Occupied Strip Center

Shopping Center for Sale
Catylist Listing ID: 30819117
Property Subtypes: Community Center, Fashion/Specialty, Neighborhood Center, Strip Center, Other
Building Size (RSF): 4,611 SF
Gross Land Area: 12,195 SF
Sale Price: $425,000
Unit Price: $92.17 PSF
Ceiling: 10 ft.
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: 6.5%
Average Occupancy Rate: 90
Last Updated: 10/31/2022

Overview / Comments

Neighborhood center for sale at four way stop, excellent frontage facing visibility. Average occupancy 90%. The center is block construction, parking in the rear–-the perfect way to invest booming Gonzales. The specialty center focuses on bringing quality beauty/skin care tenants to the local market.

Current rents are $3,345.00 on a modified gross structure. Property offered at a 6.5% CAP. For more detailed financials, submit signed NDA (attached in listing docs).

130' frontage on N. Burnside Ave., 100' at E Ascension St.

Attachments & Media

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Additional Details

Nearest MSA: Baton Rouge
County: Ascension
Submarket/Township: 91
Taxing Authority: Ascensioin Parish
Tax ID/APN: 3055601
Zoning: NEIGHBORHOOD SHOPPING CENTER
Retail Clientele: General, Family, Business, Other
Property Located Between: Hwy 61 & E Roosevelt St.
Largest Nearby Street: West Ascension Street, Hwy 429
Feet of Frontage: 230
Traffic/Vehicle Count: 20,000
Highway Access: Hwy 61 at North or I-10 at South.
Airports: EBR Metro or NEW ORLEANS
Site Description: Flat, even topography, concrete parking in rear, no frontage parking.
Area Description: Well connected by traffic from I-10 and Hwy 61, area full of local businesses, down the street from a popular Catholic School, St. Theresa.
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Excellent
Year Built: 2004
Roof Type: Flat
Construction/Siding: Block
Exterior Description: Block with metal roof.
Parking Type: Surface
Parking Description: 15-20 spaces in rear of building.
Total Parking Spaces: 20
Zoning Description: Neighborhood Commercial Zoning
Lot Frontage: 130
Lot Depth: 100
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: 100% Fee Simple
Legal Description: Legal LOTS 1 & 2 BLK. 9 G.T.

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,054 27,192 59,930
Median Age: 34.77 35.08 34.27
Households: 1,573 9,961 21,460

Contact

Photograph of Listing Agent

Mike Gennaro, CCIM

Gennaro Commercial Realty
Zachary, LA
LACDB Member
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