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.

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

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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


Photograph of Listing Agent

Trey Underwood

Acres & Avenues Realty, Inc. Ruston, LA 71270
LACDB Member
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