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    609 1St Ave Harvey, LA 70058

    For Sale
    $550,000

    Three buildings, two lots, high potential.

    Property size:
    2,541 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    308
    This exceptional commercial property in Harvey, LA, presents a unique investment opportunity. The offering encompasses three buildings totaling 7676 square feet situated on a 0.02-acre lot, along with two additional vacant lots. Building #1, a 3276 sq ft yellow building located at 601 1st Ave (corner of 1st Ave and 6th Street), features three rooms, each with its own bathroom. Building #2, at 605 1st Ave, offers 2475 sq ft and a similar three-room, three-bathroom layout. Building #3, located at 609 1st Ave, comprises 1925 sq ft with two rooms, each with its own bathroom. All three buildings were previously used as classrooms and are currently under a termite contract. The property also includes a fenced, paved parking lot across the street from 601 1st Ave with capacity for 15 vehicles. Two additional vacant lots are included: one former parking lot (45x150 ft) at the northeast corner of 1st Ave and 6th Street, and a second lot (80x110 ft, lots #21, 22, & 23) behind 601 1st Ave, fronting 6th Street, which was formerly a playground. The entire property is completely fenced, offering significant covered area and ample space. Priced at $550,000.

    Property Features for 609 1St Ave

    General Information

    Property type
    Other commercial real estate
    Square Feet
    2,541 SF
    Lot Size
    871 SF

    Building Details

    Year Built
    2000
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Harvey
    County
    Jefferson
    State
    Louisiana
    Longitude
    -90.08398
    Latitude
    29.90324

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    FAQs

    What type of property is this?
    Commercial real estate - Three buildings, two lots, high potential.
    Where is this commercial real estate located?
    The property is located at 609 1St Ave Harvey, LA.
    What is the asking price?
    The asking price for this property is $550,000.
    (504) 362-1823
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    609 1St Ave Harvey, LA 70058
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    609 1St Ave Harvey, LA 70058
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