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3235 Hwy 1
Port Allen, LA 70767
Retail Property For Sale
Investment Highlights
- Property is shadow-anchored by a Walmart Supercenter and benefits from strong corridor visibility and regional draw.
Executive Summary
The Dowd Companies is pleased to present for sale the fee simple interest in River Mill, a strategically positioned, 100% occupied multi-tenant retail strip center located at 3235 Highway 1 in Port Allen, Louisiana 70767. Constructed in 2019, this well-maintained property is shadow-anchored by a Walmart Supercenter and benefits from strong corridor visibility and regional draw.
River Mill features an internet-resistant tenant mix comprising Cricket Wireless, Le’s Nail Bar, Smoke City, and Jersey Mikes, delivering proven stability and diversified service-oriented demand. The center’s location on Louisiana Highway 1 — a primary commercial thoroughfare along the west bank of the Mississippi River — delivers significant daily exposure from both local and commuter traffic.
River Mill features an internet-resistant tenant mix comprising Cricket Wireless, Le’s Nail Bar, Smoke City, and Jersey Mikes, delivering proven stability and diversified service-oriented demand. The center’s location on Louisiana Highway 1 — a primary commercial thoroughfare along the west bank of the Mississippi River — delivers significant daily exposure from both local and commuter traffic.
Property Facts
Sale Type
Investment
Property Type
Retail
Building Size
6,825 SF
Building Class
B
Year Built
2019
Price
$2,110,833
Price Per SF
$309.28
Cap Rate
7%
NOI
$147,762
Percent Leased
100%
Building Height
1 Story
Building FAR
0.20
Lot Size
0.80 AC
Zoning
C-2 - Commercial
Parking
45 Spaces (6.59 Spaces per 1,000 SF Leased)
Property Taxes
| Parcel Number | 035300019200 | Improvements Assessment | $102,690 |
| Land Assessment | $31,580 | Total Assessment | $134,270 |
Property Taxes
Parcel Number
035300019200
Land Assessment
$31,580
Improvements Assessment
$102,690
Total Assessment
$134,270
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