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Property profile & analytics
OFF-MARKET
Commercial real estate

223 Judge Perez Dr Chalmette, LA 70043

12,740 SF 0.4 ac lot Built 2014
Property ID
Property summary
AI-generated overview

This exceptional commercial property at 223 E Judge Perez Drive in Chalmette, Louisiana, presents a unique investment opportunity. Boasting a high-profile corner location with 150 feet of frontage along E. Judge Perez Drive, this 12,740 square foot building offers significant visibility and accessibility. The property includes 10,782 square feet of heated and cooled space, ideal for a variety of commercial uses. The layout features a free-span retail area, a dedicated parts room, and office space, providing flexibility for diverse business needs. A substantial 1,958 square foot warehouse with its own heated and cooled working area adds to the property's versatility. Recent renovations have completely updated the building, encompassing HVAC systems, insulation, paint, flooring, and roof upgrades, ensuring efficiency and modern appeal. Ample parking is provided with 14 designated spaces plus overflow parking. The property is zoned C-1 Neighborhood Commercial and sits within a Flood Zone X designation. The 0.4-acre lot offers significant potential for expansion or outdoor uses. Currently operating as a hardware store, this turnkey operation presents an opportunity to acquire both the real estate and the ongoing business for $1,350,000. The real estate alone is offered at $950,000.

Property profile
Verified
Property type Commercial real estate
Year built 2014
Total area 12,740 SF
Lot 0.4 ac (17,424 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Chalmette Home & Power Equipment Building Supply Hardware & Home Improvement
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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