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$1 Auction - Former Family Dollar-Built 2011 504 N EE Wallace Blvd 8,330 SF Retail Building Ferriday, LA 71334 $75,000 ($9.00/SF)
Investment Highlights
- ABSOLUTE $1 AUCTION | Former Family Dollar | Built 2011 | 11K VPD | AUCTION SEPTEMBER 22-24
- ±8,330 SF Freestanding Retail Built 2011: Former Family Dollar offers an open floor plan, rear storage room, and delivery door.
- Gateway Location Near Mississippi Border: Site sits ±12 miles from Natchez, Mississippi, drawing cross-river regional shopper traffic.
- ±11,913 VPD Highway Frontage on Hard Corner: US Highway 425 (EE Wallace Blvd) frontage with Signalized corner nearby.
- National Retailers Nearby: Circle K, AutoZone, Sonic, KFC, Dollar General, Ace Hardware, and U-Haul anchor surrounding area.
- Absolute $1 Auction – NO RESERVE!
Executive Summary
Brokered by Marcus & Millichap, 504 EE Wallace Blvd in Ferriday, Louisiana is a vacant, ±8,330-square-foot freestanding retail building offered at a substantial discount to replacement cost. Constructed in 2011 on a ±0.964-acre hard-corner parcel with 42 surface parking spaces and a single curb cut, the property fronts and is visible from US Highway 425 (EE Wallace Blvd), which carries ±11,913 vehicles per day, plus secondary frontage on Tennessee Avenue. Formerly leased to Family Dollar under a triple-net structure, the 20.5-foot-high building is fully built out with an open sales floor, rear storage room, and side delivery door, and is zoned Commercial District to accommodate a wide range of retail, service, and office uses. CoStar estimates market rents of $10-12 PSF, supporting attractive lease-up or owner-user economics. Ferriday sits on US 84 and US 425 in Concordia Parish, roughly 20 minutes from the Mississippi border and 12 miles from Natchez, MS, within a trade area of ±14,376 residents and ±$56,886 average household income. Nearby national retailers including Dollar General, Ace Hardware, Sonic, KFC, AutoZone, and U-Haul reinforce steady, established commercial demand, positioning the property for owner occupancy, re-tenanting, or long-term value-add repositioning.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
8,330 SF
Building Class
B
Year Built
2010
Price
$75,000
Price Per SF
$9.00
Tenancy
Single
Building Height
1 Story
Building FAR
0.20
Lot Size
0.96 AC
Parking
42 Spaces (5.04 Spaces per 1,000 SF Leased)
Frontage
164’ on U.S. 425
Amenities
- Storage Space
- Air Conditioning
- Smoke Detector
Somewhat walkable
30/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 0210035400 | Improvements Assessment | $74,860 |
| Land Assessment | $6,540 | Total Assessment | $81,400 |
Property Taxes
Parcel Number
0210035400
Land Assessment
$6,540
Improvements Assessment
$74,860
Total Assessment
$81,400
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