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831 9th St
Morgan City, LA 70380
Retail Property For Sale
Executive Summary
Highly visible corner lot at the red light intersection of Ninth Street(LA Hwy 70) and Brashear Ave. in Morgan City, LA.
BUILDING
- Renovated in 2016. Replaced roof, A/C condenser, drop down ceiling, electrical upgrade and shored up building using Cable Lock Foundation Repair.
- Transferrable warranty with Cable Lock Foundation Repair.
- Same tenant has been in place for 8 years.
- NN lease with tenant paying base rent plus CAM (insurance and property taxes) adjusted annually.
Billboard and related lease not included.
BUILDING
- Renovated in 2016. Replaced roof, A/C condenser, drop down ceiling, electrical upgrade and shored up building using Cable Lock Foundation Repair.
- Transferrable warranty with Cable Lock Foundation Repair.
- Same tenant has been in place for 8 years.
- NN lease with tenant paying base rent plus CAM (insurance and property taxes) adjusted annually.
Billboard and related lease not included.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
1,100 SF
Building Class
C
Year Built
2007
Price
$200,000
Price Per SF
$181.82
Cap Rate
7%
NOI
$14,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.63
Lot Size
0.04 AC
Zoning
Commercial - Commercial
Parking
6 Spaces (5.45 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Corner Lot
- Signage
- Signalized Intersection
- Tenant Controlled HVAC
- Wheelchair Accessible
- Air Conditioning
Property Taxes
| Parcel Number | 3224361698 | Improvements Assessment | $10,544 |
| Land Assessment | $600 | Total Assessment | $11,144 |
Property Taxes
Parcel Number
3224361698
Land Assessment
$600
Improvements Assessment
$10,544
Total Assessment
$11,144
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