Catylist ID:
#30835187
Historical Building for sale in Downtown Ruston
Retail-Commercial
for Sale
Sale Pending/Contingent
| Catylist Listing ID: | 30835187 |
| Property Subtypes: | Mixed Use, Restaurant, Retail-Pad, Tavern/Bar/Nightclub |
| Status: | Pending/Contingent |
| Building Size (RSF): | 21,000 SF |
| Sale Price: | $1,295,500 |
| Unit Price: | $61.69 PSF |
| In Opportunity Zone? | Yes |
| Property Use Type: | Investment |
| Sale Terms: | Cash to Seller |
| Cap Rate: | Undisclosed |
| Last Updated: | 12/8/2023 |
Overview / Comments
|
The historical Mabry Building is approximately 24,000 square feet. It was built in 1946 by the Mabry family. The bottom floor consist of 5 office/retail units measuring a total of approximately 16,000 Ft2 and approximately 1200 Ft2 of Warehouse-basement space. The upstairs consist of approximately 6500 Ft2. 100-102 S. Trenton leases expire on March 31, 2023. 108 S. Trenton is MTM. 110 S. Trenton is in the process of renewing a 3 year Lease Agreement. 112 S. Trenton SOLD This property has multiple uses with immediate income potential. Conceptional plans consist of mix commercial with loft apartments or hotel. There could also be an opportunity for the new owner to receive historical tax credits. |
Attachments & Media
Additional Details
| Nearest MSA: | Ruston |
| County: | Lincoln |
| Tax ID/APN: | 23183985001 |
| Property Visibility: | Excellent |
| Property Condition: | Good |
| Year Built: | 1952 |
| Year Renovated: | 1989 |
| Parking Type: | Surface |
| Freight Elevators: | 1 |
| Sprinklers: | None |
| Heat Type: | Natural Gas |
| Heat Source: | Central |
| Water Service: | Municipal |
| Sewer Type: | Municipal |
| Legal Description: | Legal Description attached |
Demographic Statistics
| Proximity: | 1 mile | 3 miles | 5 miles |
|---|---|---|---|
| Total Population: | 5,712 | 21,268 | 33,289 |
| Median Age: | 23.4 | 27.57 | 27.96 |
| Households: | 1,674 | 8,245 | 12,310 |
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