855 Highway 90 Hwy E | Morgan City, LA 70380
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- LoopNet Team
855 Highway 90 Hwy E
Morgan City, LA 70380
St. Mary Plaza · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- 78% Occupancy Rate, True Value-Add Deal Providing Immediate Value Enhancement Through the Lease-Up of the Remaining Vacancies
- This 138,168 SF Center Compromises Four Separate Buildings Offering a Unique Opportunity For Future Individualized Sales
- 70% of the Existing Income is From Nationally Branded Tenants, Providing Strong National Traffic and Long Term Stability
- Recently Signed 10-Year Lease Agreement With Fitness 1440, and Recent Extension From Roses and Purple Lemon W/ Upside
- Market Rents Currently Stand at an Advantageous Rate of $15.08/SF
PROPERTY FACTS
Property Type
Retail
Property Subtype
Storefront
Building Size
3,500 SF
Building Class
C
Year Built
1981
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.12
Lot Size
0.68 AC
Zoning
C-2 - Commercial
Parking
57 Spaces (0 Spaces per 1,000 SF Leased)
Frontage
189’ on U.S. 90
PROPERTY TAXES
| Parcel Number | 2984281042 | Improvements Assessment | $54,655 |
| Land Assessment | $12,295 | Total Assessment | $66,950 |
PROPERTY TAXES
Parcel Number
2984281042
Land Assessment
$12,295
Improvements Assessment
$54,655
Total Assessment
$66,950
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